The market gapped up on the open, but steadily lost ground. Price moved back into negative territory and was never able to recover. This failure suggests the rally that just began is in jeopardy already...
The market finished lower this week as did "Diamonds in the Rough". We went "all in" on one industry group and that did come back to bite us on the recent pullback in Crude Oil. I still think that area of the market will resume its rally, it just needed to cool...
Sentiment is a contrarian indicator, if we want a lasting rally, we want to see very bearish sentiment charts. If we want to know when the market is ready to top, we want to see very bullish sentiment charts...
I'm not the only one having trouble finding buying opportunities. Reader Requests came in very light so I had to put some symbols in from my scans...
We have introduced two new tables in the DecisionPoint ALERT to give an overview of trend and BIAS for the major market indexes, sectors, and industry groups that we track...
The 20-day EMA crossed down through the 50-day EMA (Dark Cross) above the 200-EMA on the Financial Sector (XLF), generating an IT Trend Model NEUTRAL Signal. Price dipped below support but managed to close above the April top...
The market paused the decline today so I was hoping to see a decent amount of results from my various ETF scans. Unfortunately, there were only a few results that were returned and they were in one specific area of the market...
In this week's edition of The DecisionPoint Trading Room, Carl opens with a discussion on why you should use monthly charts even if you are investing in the shorter term...
The 20-day EMAs crossed down through the 50-day EMAs (Dark Cross) above the 200-EMAs on the S&P 100 Index (OEF), Nasdaq 100 Index (QQQ), and the Consumer Discretionary Sector (XLY), generating IT Trend Model NEUTRAL Signals...
With the market spinning out of control, I decided to run my "Diamond Dog" Scan. It's a scan I think that I will add to the new Scan Alert System when the market makes a turn like we are seeing now. Regular Diamonds Scans are not coming up with many ideas...
The 20-day EMAs crossed down through the 50-day EMAs (Dark Cross) above the 200-EMAs for the Dow Industrials (DIA), S&P 500 (SPY), and Nasdaq Composite (ONEQ) Indexes, generating IT Trend Model NEUTRAL Signals. Support is barely holding for DIA at the August low and 200-day EMA...
Today the NYSE Composite ($NYA) and the Technology Sector (XLK) 20-day EMAs crossed down through their 50-day EMAs (Dark Cross), generating an IT Trend Model NEUTRAL Signal. Support was lost at the 200-day EMA on Thursday's crash. Friday saw follow-through...
It was a negative week for "Diamonds in the Rough", but they were only down -0.59% versus the SPY which was down a whopping -2.92%. It was a terrible week and it triggered the stops on many of our older picks...
Today the Price Momentum Oscillator (PMO) for Consumer Staples (XLP) crossed below its signal line to trigger a PMO Crossover SELL Signal. We would expect to see a defensive area of the market to hold up through market weakness, but this market is sparing no sector...
Thank you for sending in symbols to help my shorten my analysis process today. I was able to get part of the report finished before heading to the Gala Dinner for Hyundai Hope on Wheels...
The Fed did what everyone was expecting and made no change to interest rates. The market was up pre-announcement, fell to neutral and held steady after the announcement, but ultimately began to slip into a negative close during Chairman Powell's comments...
I've arrived in Washington D.C.! Thank you for your patience in the delivery of tonight's report. Tomorrow I could use your help! It is Reader Request Day...
Today the Health Care Sector ETF (XLV) and the Materials Sector ETF (XLB) 20-day EMAs crossed down through their 50-day EMAs (Dark Cross), generating IT Trend Model NEUTRAL Signals...
I will be traveling to finish out the week so reports may go out late on Wednesday and Thursday. You will receive them prior to the open the following day. There won't be a Diamond Mine trading room this Friday but you will get the Recap...
The Price Momentum Oscillator (PMO) has been twitchy, but today it made up its mind and crossed below its signal line for a PMO Crossover SELL Signal. We've already been pointing out the weakness in the Technology sector so this isn't a surprise...