We'll cover the Gold signal change in the Gold section below. Otherwise, today the S&P 400 Md-Cap (MDY) and S&P 600 Small-Cap (IJR) Index 20-day EMAs crossed up through the 50-day EMAs (Silver Cross), generating new IT Trend Model BUY Signals for both indexes...
As I expected, I received a good amount of requests today to fill up the report. I appreciate the time you take to send the requests in. It was brought to my attention that the June 2nd Diamond Mine recording link was broken...
Today the Industrial Sector 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating a Silver Cross BUY Signal...
The last few ETF Days have been very challenging. Today, given so many selections it wasn't very challenging at all. I have a long list of ETFs that I liked today. One interesting theme was international ETFs. I didn't find any that I wanted to present, but there were plenty...
If you've been wondering about the listless market, remember that the Fed meets next week, so we have another "Wait for the Fed" week to endure. Rather than a continued upward thrust in the market, we should be prepared for a 'trickle up' or even some consolidation...
The character of the market has shifted to bullish. We now see far better participation of stocks across the board. Consequently I had many more stocks to review than usual...
A Bull Shift is when the Silver Cross Index or Golden Cross Index have positive crossovers their signal lines. It usually marks a turning point when we see these flags. We'll discuss the Bull Shift in our section on Bias...
In this week's edition of The DecisionPoint Trading Room, Carl opens the trading room with a discussion of Target (TGT) and Anheuser-Busch (BUD) technicals and compares them to their industry groups. Shareholders can't be pleased...
Today we saw broadening of participation by comparing the percentage change of the cap-weighted version of the S&P 500, SPY (+1.45%), versus the equal-weighted, RSP (+2.18%), which shows that today RSP advanced 50% more than SPY...
Today, we saw broadening of participation by comparing the percentage change of the cap-weighted version of the S&P 500, SPY (+1.50%), versus the equal-weighted, RSP (+2.25%), which shows that today's RSP advanced 52% more than SPY...
The market had its way with the bears last week so the two short positions I selected were hit hard. One of the prior week's shorts was stopped out, along with one this week. On the bright side, longs are working given the strong rally in the SP500...
Today the Consumer Discretionary Sector (XLY) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. We saw a pop this week in the Golden Cross Index. This is because many of the stocks within XLY look much like XLY...
The market had a stellar day driven by economic data that hints Fed tightening may be loosened. It's likely wishful thinking. The response today for Reader Requests was again very light...
What immediately stood out regarding today's action was the unexpectedly high volume -- SPX Total Volume was almost double the one-year daily average...
My scans basically came up empty on the long side, with the exception of a Bond Fund. Most Bonds look favorable, but upside potential is generally limited. The one I chose today has decent upside potential and doesn't travel quite as slow as many of the other Bond ETFs...
Today the Materials Sector (XLB) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. This signal is generated out of a flat price pattern, but because of the rounded top, we think that this signal has some credibility...
Considering the rally of the past few trading days, I would've expected to see more scan results than I did. I believe it is just one more piece of evidence that the market rally is pointed toward mega-caps...
Today the Dow Jones Industrial Average (DIA) 20-day EMA crossed down through the 50-day EMA above the 200-EMA (Dark Cross), generating an IT Trend Model NEUTRAL Signal. If today's price bounce continues next week, the crossover could be reversed...
Nvidia's earnings report yesterday included super forward guidance. This resulted in a monster advance in the stock (NVDA) to new, all-time highs, as well big moves in the Semiconductor and Technology Sectors...
Reader Requests came in light and none were presentable on the bull side. Therefore, I had to run a number of my Diamond Scans. It appeared clear quickly that longs are not the way to go right now. My bullish scans returned very few results and what did appear wasn't usable...