This week is an excellent example that "outperformance" doesn't always mean rising prices. This week we outperformed the SPY by 0.49%. Woo hoo! Oh, wait, we did beat the SPY this week, but we were also down on the week, only we weren't down as far as the SPY...
We have some very interesting Reader Requested symbols today. After today's market pullback, many stocks that had been overbought, pulled back. A few offer some very interesting entries. The stock I picked for you is an Industrial from the Industrial Machinery industry group...
I noted yesterday that I had 25 Banks hit my scan results. Today I had 29! So today's "diamonds in the rough" will be all about Banks. I not only reviewed the Banks in my scan results, I reviewed others as well...
Today's "Bullish EMA - MidRange SCTR" scan presented about 125 results. What blew me away was that 25 of those results were Banks. Interestingly, I opted not to present any because nearly all were overbought...
Outperformed the SPY this week. Our "Diamonds in the Rough" finished higher on the week (+0.42%) while the SPY finished -0.66% on the week. The biggest winner was up +4.41%...
It's Reader Request Day for DP Diamonds! It was a light week for requests, maybe due to the shortened week? Therefore, I took three of your requests to review and added two of my own using the theme from today's Chartwise Women show...
I've decided to borrow from my friend, Tom Bowley's "price relative" ChartStyle. I have been using his price relative chart fairly regularly when I do my research on my "diamonds in the rough"...
As I prepared to write the report today, I noticed that we saw a great showing among last week's "diamonds in the rough" today. The charts are maturing nicely as Materials is finally making the move I've been waiting for...
The market was up 1.29% this week and Diamonds finished similarly. The big winner this week was from the Industrial sector in the Transportation Services industry group...
I decided to change the Diamond Ratio chart up a little. It's much cleaner. You can view it at the bottom of this blog. I will definitely be using the Diamond Dog indicator to pick bottoms...
Before I get in too deep on today's "diamonds in the rough", I wanted to let you know that I have finally plotted the Diamond Scan Result numbers and Diamond Dog Scan Result numbers. Additionally I've added the Diamond Ratio...
Yesterday's "Diamond of the Week" for Your Daily Five as well as the DecisionPoint Show is not fairing well right now, Cleveland Cliffs (CLF). I still like the Steel industry group as well as Aluminum so I found a better candidate to take advantage of that strength...
There were some great charts this week that followed through spectacularly. Best part is they look bullish going forward. I would look for Natural Gas and Energy to show follow-through on their big weeks. The call on Gambling stocks yesterday seems to have been timely...
I have had at least two subscribers write and thank me for one of yesterday's picks which was up a staggering +13.47% today. I did caution readers that it can have amazing returns but tends to be very volatile as it is a "juiced" or "ultra" ETF...
The "Diamonds in the Rough" today come from the Healthcare and Technology sectors. I did notice that Financial sector stocks are beginning to find their way into the scan results and do look interesting, but I liked the five charts I'm presenting to you better...
Today an ETF appeared on my scans that I think you'll like. It's a "juiced" ETF which generally is not my cup of tea due to the volatility that you have swallow when you choose to invest...
"Diamonds in the Rough" outperformed the SPY, but honestly I'm not pleased since we were down for the week (just down less than the SPY). My sense is that we got on board some of the defensive sectors and stocks too early...
Today is reader request day, but I found two stocks that I just had to share so forgive me for taking up an extra reader request spot. One of the reader requests is in the REIT area that I brought to your attention yesterday...
REITs were showing some strength yesterday, but today they made a big splash in my various scan results. I investigated further and looked at the XLRE sector chart. XLRE broke out on Monday and while it pulled back today, it held support...
I was surprised to see some Consumer Staples stocks hitting the scans today. This hasn't been a very vibrant area of the market so I was surprised. In fact, one of the stocks has been in the scan results the last two days, making a third appearance today...