In my opinion, no, gold is not about to crash. I'll be looking at this in more depth in the regular GOLD section below, but I thought I'd lead this week's commentary with a quick look at one of the popular trading vehicles for gold, GLD...
Two of the DecisionPoint Scoreboards are now completely green; meaning they have BUY signals on the Trend Models and on all three Price Momentum Oscillator (PMO) timeframes...
There were some interesting reader requests as usual, but I found an excellent opportunity to show you the difference between two OBV configurations so you can better understand divergences which I know can be confusing...
In this episode of DecisionPoint, Erin reviews the technicals on the DecisionPoint Scoreboard Indexes (SPX, NDX, OEX & Dow) and points out some negative divergences on primary indicators that are troubling her bullish outlook...
The hype today was on the Nasdaq which hit a new all-time high for the 31st time this year according to my favorite closer, Liz Claman on FBN. However, very quietly, the S&P 100 (OEX) hit its first all-time high since February...
Lots of news! I'll talk about the new PMO BUY signal on the SPX further down in my report. The Russell 2000 (IWM) had a "golden cross". This triggers a Long-Term Trend Model BUY signal. The PMO also returned a new crossover BUY signal yesterday...
I generally don't do exclusively short-term trades in the DP Diamonds reports as I'm more of an intermediate-term trader and I know many of you are the same, but I also know that many of you out there are day traders and short-term traders...
It was a great rally today...almost too good. I had to revisit the 10-min bar chart that I reviewed in Thursday's DP Alert. I was looking at Friday's action more closely and noticed that near vertical rally at the end of the day and the volume that came in...
Today the scans were quite clear...Tech is where it is at. I presented CIENA Corp (CIEN) last Monday (7/27) and I made it today's "Diamond of the Week" on the Your Daily Five show this morning...
Today I thought I would lead with a (another) quick example of how participation is thinning. The first chart is SPY, which is the cap-weighted S&P 500 ETF. The second chart is RSP, the ETF which is the equal-weighted version of the S&P 500...
It appears yesterday's climactic readings on Net A-D and Net A-D Volume were a buying exhaustion. Today we saw climactic negative readings which I believe are the earmarks of a selling initiation...
Brandon and Olivia win the week with two excellent looking charts that I will definitely crown as 'Diamonds' today. There are two "runners" selected by George and Valentina and Carla came in with a very interesting play...
In this episode of DecisionPoint, Carl discusses his recent article on Gold. The yellow metal is enjoying a huge rally, but should we be excited or nervous? Carl and Erin both give you their strategies on taking advantage of (and protecting profits during) this parabolic move...
Charts were quite interesting today on a nearly 1.25% gain on the SPX. Not all are 'in line' with the current rally. However, there were climactic positive readings; yet, negative divergences are continuing to plague indicator charts...
It had appeared that small-caps were beginning to breakout and make a move above the June top. However, IWM has stalled with the rest of the market. It took it one day more, but IWM generated a PMO SELL signal in line with the other major indexes on our DP Scoreboards below...
It's always fascinating to see which industry groups show strength in my various scans. Gold Miners which had been dominating them, actually were absent today--mainly because they are in overbought territory...
On Monday, gold rallied above the top in 2011 and made new, all-time highs. I've been more or less bullish on gold for several years, but it hasn't always been particularly easy, because gold's progress could usually best be described as "tortured...
Today we saw a rally, but it was not accompanied by bullish indicators. A prime example is the loss of Price Momentum Oscillator (PMO) BUY signals on the DP Scoreboards. On Friday, both the Dow and OEX lost their PMO BUY signals and today the SPX/SPY lost its PMO BUY signal...
Happy Monday! A quick overall view of my scans shows that we are still seeing strength in the Materials sector with Gold and Silver soaring...
A four-month rising trend finally broke down today. Numerous negative divergences have been giving us advance warning that a breakdown was probably on the way, and then this week price failed to reach the top of the trend channel before turning down...