Carl pointed out a pattern that I honestly wasn't familiar with called a "pig's ear". They are what we like to call a "fake out, break out" or "bull trap". One of this week's Diamonds apparently showed this hand and resolved in "textbook" fashion...
The Diamond PMO Scan returned 41 stocks today, but I only got to choose one since it is Reader Request day. I also had quite a selection from readers this week. Don't be upset if I don't review yours, I can only pick four...
The number of Diamond PMO Scan results averages about 12 stocks/ETFs per day. September has been particularly lean with only 6 to 10 results/day...
Today I found that the Industrials were still dominating my scan results. Additionally, I've noticed Health Care stocks are beginning to make a resurgence in my scan results as well. So, you'll find three Industrials and two Health Care "diamonds in the rough"...
Overall this week Diamonds were down -0.68% which isn't bad given the SPX was down -2.51%. If you add the Reader Requests in, the week ended in the green. Thank you, readers for adding more green to the spreadsheet, especially for the DIN short that I didn't fully support...
A reader told me that he doesn't think I need to provide 15 stocks a week, especially when there is a troubling overall market outlook (like I have now). However, I disagree. Don't forget that the purpose of this newsletter is to teach you to read and sort charts when you invest...
Today the Diamond PMO Scan had only one result (WKHS) which I didn't like because it is in a short-term parabolic move and is now very overbought. Since I wanted more results, I decided to use my Momentum Sleepers Scan...
Technology hit the skids. How bad is it? The Technology sector (XLK) chart below shows you the correction. I would say there are two good things about this deep correction...
I wasn't surprised to see the red on this week's spreadsheet. I was checking out the Diamonds from last week as I added them to the spreadsheet and of my 11 picks this week, 6 of them hit their stop levels. I wasn't happy that the average loss was much higher the SPY...
Big sell-off today and that hit many of this week's Diamonds hard, but we'll talk about that tomorrow in the recap and during the Diamond Mine trading room. Thank you to George, Brandon, Cotton and Olivia for your Reader Requests...
Today the Diamond PMO Scan really came through with some great results that I think you'll find interesting. Additionally, I wanted to update you on US Natural Gas (UNG). I know many of you have been enjoying the ride, but it is starting to look rather bearish right now...
I sent you an early look at Snap (SNAP) yesterday as it was my "Diamond of the Week" on this week's DecisionPoint Show, but I will talk more about it today as I still like it, especially on the pullback today...
It was good week with lots of green. Clearly there were a few stocks that really outperformed this week, but overall a 2.76% gain isn't so bad...
Today is Reader Request Day! However, it is only fair I give you a Diamond of my own too! While not all of the requests were Diamond material, it is clear Brandon, Ralph, Olivia and Netty are figuring it out as they came in with some requests that are showing promise...
Last Friday I wrote that the sector and industry groups to watch were the Communications Services (XLC) sector and the Internet and Mobile Telecom industry groups. Internet certainly performed well; it is currently up 7.39% this week. Mobile Telecom is up a modest 0.85%...
Every Monday when Carl and I tape the DecisionPoint Show on StockChartsTV, I give out a "Diamond of the Week". Typically they come from a Diamonds report the week before. This time it came from a scan I did right before the show. It was up over 4...
Every Friday, I will be doing a quick recap of the performance of this week's Diamonds and giving you my perspective going forward through the spreadsheet below...
Reader Request Thursday is already here! Thank you to Olivia, Salvador, George, Alan, Jerry and Robert for your suggestions! A few readers have been sending questions about the viability of UNG moving higher based on the giant rally out of lows...
It's hard to deny that Software has been a strong performer out of the March lows. It hit some doldrums in July and into August, but it is beginning to come back to life. I've included a few software stocks today and in yesterday's Diamonds report...
As Mary Ellen and I prepared for our WealthWise Women show that airs Thursday, she and I discussed "What's Hot and What's Not". We both agreed that Miners, Software and Truckers were coming back after the recent pullbacks...