We're bringing the 5-month candlestick chart to the top of today's Weekly Wrap. Yesterday we had an upside exhaustion climax. We expected price to begin moving sideways, but today saw a gap up...
"Diamonds in the Rough" were down overall on the week, but the picks for Tuesday were great with three out of four up over 3% and the other up 1.49%. Wednesday I brought two solar stocks to the table just in time for the pullback yesterday and today...
We want to watch the 30-Year Fixed Mortgage Interest Rate, because, for the most part, people buy homes based upon the maximum monthly payment they can afford. As rates rise, a fixed monthly payment will carry a smaller mortgage amount. (See table...
It's already Thursday!? It is Reader Request Day in the DP Diamonds Report. The list was full of very interesting symbols and come from different sectors and industry groups. Every one of these charts has merit, as did the ones I've listed in the "Stocks to Review"...
On this week's edition of Chartwise Women, Mary Ellen and Erin share their tips and insights to staying motivated while navigating rough investment waters. During "Chart Chat", they show you diamond in the rough charts that they find exciting...
Yesterday I pointed out to Diamonds subscribers that Solar was poised to move much higher. It still is. Below is the chart of TAN, the Solar ETF. Yesterday, TAN broke out from a bullish falling wedge and today it gapped up and continued higher...
I already brought the Solar ETF (TAN) to the table yesterday. Today, I scoured that group and found a list of excellent candidates that you will see in the "Stocks to Review". I will also go over two of my favorites right now...
Yesterday we noted that the SCI had turned down below its signal line on the SPX. Today, despite a decline, the SCI bottomed and is headed higher again. This could be a sign of a possible upside reversal, but I don't think it is likely. Look at the mid-cap's and small-cap's SCIs...
I have been tweaking my "Momentum Sleepers" scan to include Stochastics. The scan uses a faster PMO as well as varying configurations of the 5/20/50/200-EMAs and a volume component. These are exclusive and proprietary so I'm afraid I can't share my scans...
The market rallied on the open, but began to slowly shave gains as the day progressed. The final hour of trading was marked by heated selling that took price below very important support at last Tuesday's high and gap support from Wednesday...
The weekly chart for USO has a new weekly PMO crossover BUY signal. It's an overbought BUY signal. The weekly RSI is also on the overbought side. However, seeing the recent breakout on $WTIC, we would expect to see Crude Oil prices move even higher...
The SPY was up on the week +0.83%. "Diamonds in the Rough" averaged +2.63% on the week. This was largely due to our three Gold Mining picks from Wednesday, but we also had a great deal of help from the Materials stock picked on Tuesday...
Thursdays I have "Reader Request Day" for subscribers of DecisionPoint Diamonds. I've recently seen email and article headings talking about the head and shoulders pattern on the QQQ, the ETF that tracks the Nasdaq 100...
Thursday is Reader Request Day. I had two requests come in for the QQQ so I'll be taking an in depth look at that sector using our "under the hood" indicators. The other three requests have bullish charts. You'll recognize some of these names...
(This is a copy of last night's DecisionPoint Diamonds Report. I promised in today's Chartwise Women show that I would give some examples of how I set stops.) One of the charts that I review every market day in the DP Alert is the Gold Miners ETF (GDX). DecisionPoint...
I can't take full credit for this observation. A subscriber to DecisionPoint Diamonds asked about this ETF and whether it was bullish. I have to say it is very bullish. Before I get into the nuts and bolts of the chart...
One of the charts that I review every market day in the DP Alert is the Gold Miners ETF (GDX). DecisionPoint.com has unique "under the hood" indicators that reveal participation in detail...
Technology (XLK) rallied strongly, but it wasn't enough to avoid an IT Trend Model "Dark Cross" Neutral Signal. In order to avoid that negative crossover price would have had to rally above the 50-EMA...
My scans produced some interesting results today. I was very interested in the Energy stocks in my results. Since they have been running higher, they haven't been in my scans (they're not showing "new" momentum)...
It was a day of strong selling and that tipped us off that we could see a market climax day. To our surprise, we only saw elevated Total Volume, our other climax indicators were silent. We will address this in the section on Climax Analysis...