"Diamonds in the Rough" were down overall on the week, but the picks for Tuesday were great with three out of four up over 3% and the other up 1.49%. Wednesday I brought two solar stocks to the table just in time for the pullback yesterday and today...
It's already Thursday!? It is Reader Request Day in the DP Diamonds Report. The list was full of very interesting symbols and come from different sectors and industry groups. Every one of these charts has merit, as did the ones I've listed in the "Stocks to Review"...
I already brought the Solar ETF (TAN) to the table yesterday. Today, I scoured that group and found a list of excellent candidates that you will see in the "Stocks to Review". I will also go over two of my favorites right now...
I have been tweaking my "Momentum Sleepers" scan to include Stochastics. The scan uses a faster PMO as well as varying configurations of the 5/20/50/200-EMAs and a volume component. These are exclusive and proprietary so I'm afraid I can't share my scans...
The SPY was up on the week +0.83%. "Diamonds in the Rough" averaged +2.63% on the week. This was largely due to our three Gold Mining picks from Wednesday, but we also had a great deal of help from the Materials stock picked on Tuesday...
Thursday is Reader Request Day. I had two requests come in for the QQQ so I'll be taking an in depth look at that sector using our "under the hood" indicators. The other three requests have bullish charts. You'll recognize some of these names...
One of the charts that I review every market day in the DP Alert is the Gold Miners ETF (GDX). DecisionPoint.com has unique "under the hood" indicators that reveal participation in detail...
My scans produced some interesting results today. I was very interested in the Energy stocks in my results. Since they have been running higher, they haven't been in my scans (they're not showing "new" momentum)...
The SPY was down on the week by -2.18% and this weeks "Diamonds in the Rough" averaged to +1.42%. One of the main reasons our performance was elevated is because of Coal...
I always enjoy Reader Request Day as I get to see what symbols are on your watch lists. The request list was somewhat extensive today, but I believe I found a few gems and certainly some educational opportunities. You know how I feel about "falling knives" type investments...
I have quite a mix of stocks for you to look at. As noted in the title I have a Energy stock that is firing up again and like Natural Gas, we should see much higher prices moving into the fall and winter months...
Crazy day in the market with the big sell-off that was somewhat unexpected. However, selling usually offers interesting opportunities. I found some charts for you to consider simply from my Diamond PMO Scan. I looked at scan results from yesterday and today...
The Energy sector continued to outperform this week and looks very good going into next week. However, I opted to go with a different sector as the "sector to watch" as it is showing new momentum...
I only have three picks for you today. I was part of a panel on "VIX and News Even Trading" for Synergy Traders this afternoon so it cut into my writing time! It isn't too late to sign up to receive the recording...
The market rebounded strongly today and with it came some interesting chart set-ups. Yesterday's "Diamonds in the Rough" enjoyed the rally today with three out of four moving higher, two of them with 1.5% + gains...
In the background, I have been testing out a popular indicator to see if it fits into my current analysis process. I've determined I like it better than the StockCharts Technical Rank (SCTR)...
The Energy sector was on fire this week, outpacing all of the other sectors. It was up a whopping +3.2% while the closest runner-up, Consumer Discretionary (XLY) was up +0.66%...
It's Reader Request Day for DP Diamonds! Here I look at all of the symbol requests sent to me and find the ones that will provide a teachable moment and/or appear strong moving forward. Today's selections fall into the latter category...
The Energy sector continues to outperform this week as we believed it would after our research in the Diamond Mine trading room last Friday...
The Diamond Scans turned up mostly empty. I did find a few from the results, but I ended up doing research within a few strong industry groups and found two more for you to look at. I don't have a lengthy "short list" today. I just didn't find that many candidates...