Today was officially a "climax" day, but where was the volume? Given the strong upside move today, we would expect to see higher Total Volume on the SPX. Clearly we did see a bump in SPY volume which can confirm this climax...
In this episode of DecisionPoint, Carl and Erin discuss not only the current market conditions and indicators, but share "Farrell's Ten Rules" for all investors to know and remember! Carl gives us the current read on Bitcoin and GME, while Erin looks at the Dollar, Gold, Gold Min...
The DecisionPoint Scoreboards had quite a shake-up over the past week. We lost five buy signals. In addition, the NDX lost its Intermediate-Term PMO BUY signal. This is a very bad sign for the market given the NDX is tech-heavy, a sector that "leads" the market...
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...
Mortgage rates shot higher today with the 30-year mortgage rate now at 2.97% up from 2.81%. The 15-year mortgage rate is 2.34% up from 2.21%. These are significant rate hikes that will begin to affect housing prices...
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...
In this week's edition of Chartwise Women, Erin and Mary Ellen show how you can find the best performers in the market using Relative Strength and the StockCharts Technical Rank (SCTR)...
Back on January 12th I discussed Natural Gas (UNG) in my Diamonds Report and then during our DecisionPoint Show. Full disclosure, I own UNG. Over the past week we are seeing prices pull back after breaking out above the October low. The 200-EMA was strong overhead resistance...
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...
Yesterday I discussed the likelihood of a test of the 50-EMA and the bottom of the wedge. I didn't think we'd see that test today, but here we are. The market managed to close up, but the intraday low landed right on the 50-EMA and the bottom of the rising wedge...
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...
In this episode of DecisionPoint, Carl and Erin present their unique analysis of the market. Carl concentrates on the SPY and "The Big Four" - Dollar, Gold, Crude Oil and Bonds...
The market is abuzz on the outperformance of so-called "Recovery" stocks and industries. These would include airlines, hotels, restaurants, gyms and cruise lines. One area you may not think of right away as a "recovery" industry would be Consumer Finance ($DJUSSF)...
We have been pointing out negative divergences that continue to pepper our indicator charts. Here is a negative divergence that you may not have seen. Since November, New 52-Week Highs have been contracting...
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%...
The topping formation on the SPY is visible on a daily chart, but the perfection of the dome's fit on the 10-minute candlestick chart is illuminating. The final hour of trading caused the 10-minute PMO to top. The dome suggests more downside...
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...
In order to uncover the best "Diamonds in the Rough" possible, I always take a look at our DecisionPoint Sector ChartList. My exclusive Diamond scan results will generally lead me to outperformance, but for confirmation, I always look at the sector chart...
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"...
Last Friday I told my DP Diamonds subscribers that the Semiconductor industry group was the "one to watch" going into this week after it broke above its January top. Below is the SOXX ETF that covers this group...