It was a good market day for all of the indexes, but the small-caps rallied spectacularly. Many are attributing this to interest rate cuts in the future...
This week's spreadsheet looks very good with one real blemish and that was one of the shorts I gave you last week. Last week's ETFs also saw problems as we had three hedge positions...
Gold opened at a fresh all-time high today. We'll discuss this in more detail in its section...
Thank you this week to all who provided symbols for today. You all have a very good eye right now on picking stocks for review. It was difficult to choose so I opted to try and use symbols from three different subscribers...
Another wild day in the market. Much of the positive finish can be attributed to strength in the Mag 7 group, with NVDA up +8.16%. This big rally pulled the PMO back up and price is now above both the 20/50-day EMAs...
What a strange market day it was with it starting off very bearish and finishing on a high note as Technology jetted higher. I'll be reviewing my thoughts on this in today's DP Alert...
We will discuss the new USO LT Trend Model SELL Signal in the "CRUDE" section below. _________ Apple (AAPL) has begun a new short-term declining trend out of the August high. A very large double top has begun forming. The confirmation line is at the August low...
Based on the way the scan results reacted to trading today, it was clear that we needed to consider shorts still. I had a large amount of shorting candidates arrive in the results versus the bullish scans...
Last Friday we had a downside exhaustion climax that implied we could see price begin to rise again. It doesn't tell us how long it will rise and we could end up seeing churn rather than a concerted uptrend...
The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in response to investors losing confidence in the AI trade in general...
Today the Nasdaq 100 ETF (QQQ) 20-day EMA crossed down through the 50-day EMA (Dark Cross), above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal...
Thanks to our hedges on ETF Day, "Diamonds in the Rough" finished down only 1% on the week while the SPY was down -4.14%! The market took a turn for the worse this week and it was evident on the spreadsheet this week...
We are always on the lookout for chart patterns. Recently, we've found a bearish head-and-shoulders developing on Semiconductors (SMH). Looking at the daily chart below, we can see the pattern developing. However, we do have to point out participation...
I've been around long enough to remember when Intel (INTC) was the NVIDIA of the day. Now, INTC is under severe pressure, having suspended its dividend, and is currently being considered for removal from the Dow 30 Industrial Average...
We are always on the lookout for chart patterns. We found a bearish head and shoulders developing on Semiconductors (SMH). Looking at the daily chart below we can see the pattern developing. However, we do have to point out participation...
It is Reader Request Day and I did get three people to submit requests today. I have one symbol from each of them. It is very difficult to find good charts as the market has been weak, but there are clearly some good charts as readers were able to find them...
Today the Technology Sector (XLK) 20-day EMA crossed down through the 50-day EMA (Dark Cross) above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal. Note that this month's price top is lower than the July price top...
The scans were unanimous in their results with nearly all of them skewed toward shorting the market in general. The other theme I noticed were Bond funds...
Friday ended with the market nearly making all-time highs, and raising hope that that would happen this week. Unfortunately, the first trading day in September brought a selloff, indicating that this seasonally negative month may once again live up to its reputation...
I had a few problems running my scans today. There was some sort of bug that returned results that shouldn't have been included. Fortunately, the Scan Alert System did return the proper results. There weren't many results...