Until recently, the percentage of stocks above their 20/50/200EMAs were showing steadily lower tops, diverging against steadily rising price tops, a situation as we can see, which often precedes price declines...
Since I was ill yesterday, I sent out an announcement that I'd be publishing today rather than yesterday. I also asked for reader requests. Well, my goodness!! I got a ton of them...
The Dollar triggered a new Intermediate-Term Trend Model Neutral signal today. I'll cover it in the section on the Dollar...
In this episode of DecisionPoint, following a discussion of current market conditions, Carl discusses the importance of choosing the right indicators for your charts and explains his rationale for including the indicators that DecisionPoint uses regularly...
As a special treat for our subscribers, our DecisionPoint Show that airs on Thursday mornings will be sent Wednesday evenings so our subscribers get an opportunity to preview and watch the show early. We've already sent out today's! Carl and I discussed the titled question...
As we continue to see sector rotation, it appears that Consumer Discretionary (XLY) is reaping the benefits of this rally. I decided to do a manual scan of all of the Restaurants & Bars industry group and find possible diamonds in the rough...
The beat-down Energy sector has new life with its new "silver cross" of the 20/50-EMAs. I'll look at the XLE chart in the section on "Sectors". The Dow also triggered a new IT Trend Model BUY signal on a "silver cross" of the 20/50-EMAs...
I was pleased to find a few charts with 'falling wedges'. These are bullish patterns that suggest a breakout. These wedges have just executed, so our expectation would be a continuation of the breakout rally. I also found that scan results were skewed toward Utilities...
On a day when the Dow was up +529.95 points, I thought it was odd that it's two giant components, Apple (AAPL) and Micrsoft (MSFT), finished the day at a loss and at the bottom of the list sorted by percent change...
GLOBAL MARKETS We always make this chart available so we can stay generally informed on the relative performance of global markets. While I don't normally comment on it, today I thought that I should point out how the China ETF (FXI) has started breaking down...
During today's Trading Room with Mary Ellen McGonagle (MEMInvestmentResearch.com), someone asked whether there was any significance to price not getting above the 200-SMA, but rising above the 200-EMA...
One of my readers, Olivia, gave me four stock symbols with the question, "Short or Buy?" I picked two that I thought would be interesting for discussion. My friend George has another interesting pick to share. Chris joined in today with a popular stock with potential...
In this episode of DecisionPoint, Erin and Carl begin the show with a lively discussion of current market conditions after yet another breakout on Wednesday. Should investors expect even higher prices? Looking at exclusive DecisionPoint...
We can see the breakout today from the trading range on the SPY. The chart looks healthy overall with the PMO rising after bottoming above its signal line. I do have one beef with this chart and that would be the lack of volume today...
The 10-minute bar chart is interesting today as it tells two tales. It's a "good news, bad news" picture. Everyone likes to start with the "bad news" first. Price broke down to finish the day. It lost the rising trend and then broke below today's support level around 2940...
First off, I hope you all set stops and targets. If you aren't setting both (even in a spreadsheet or price alert instead of "hard" stops/targets), you should as a practice. Right now, I'd say with volatility and an unusual market environment, it is a necessity...
I hate to get too bullish in my titles, but admittedly today's trading action was spectacular. We saw an immediate gap up on the open and prices rose steadily thereafter with the exception of the final 10 minutes of trading which took out today's rising trend...
Exciting day in the market! Only one problem, it does make it hard to find stock picks that haven't already had a huge gain on the day. I found that my scans were heavy Health Care, especially pharmaceuticals...
In spite of having its "ups" as a perennial winner, Apple (AAPL) also has its downs, and it may be setting up for one now. After a recent -35% decline from all-time highs, AAPL rallied +50% from the March low, nearly recapturing all of its losses...
Watching the market today I was brought back to when my girls were toddlers. What I had asked them to do was for their own good (eating vegetables, taking medicine...) and they had no interest in complying...