On this episode of DecisionPoint, Carl walks viewers through the broad markets using the Golden Cross Index and Silver Cross Index...
In today's recording of the DecisionPoint Show on StockChartsTV, Carl discussed the lack of broad market participation in today's rally and I followed up with a look at the Sector CandleGlance where only one sector is showing rising momentum...
Today it was announced that we are faced with another COVID variant. This was not exactly a 'black swan' event, something no one imagined, but maybe we could call it a 'gray swan' that we saw but hoped it was just a regular swan caught in shadow...
Today the Real Estate sector (XLRE) broke out from a trading range that began back in June and August. This is one of the most promising sectors based on the Silver Cross Index (SCI) and participation improvement...
Our "Diamonds in the Rough" only had one to two days to ripen. In general we ended this short week with all but three positions up. I like every single one of these Diamonds moving forward, but as always I caution you on expanding your exposure right now...
Consumer Discretionary (XLY) broke out intraday yesterday, but today pulled back sharply. There were already issues "under the hood". There is now an ugly bearish double-top developing...
It wasn't a surprise to see scan results skewing toward the Financial sector. Why? XLF finished up over 1.5% today, second only to Energy (XLE) which was up over 3%. Since my scans are set up to find new momentum, they will generally follow sector rotation in the very short term...
Maybe crash is a little too strong to describe today's trading, but looking at it on the 5-minute candlestick chart, at a minimum this was a heavy sell-off to finish the day. Hard to believe the market was up almost 1%...
On this episode of DecisionPoint, Carl walks viewers through the market and the DecisionPoint indicators on the broad markets, as well as the S&P 400/600...
The market is looking shaky so it wasn't a surprise to see a large presence of utilities companies in my scan results. I presented two of today's "Diamonds in the Rough" during our recording of the DecisionPoint Show. I've added one more to include in today's report...
We had two emails arrive this week from subscribers asking about the daily RRG vs. the weekly RRG. The daily RRG tends to be somewhat noisy, but sector rotation changes quickly in the very short term and that is what we have been capturing in our daily DP Alert reports...
Here is part of the opening paragraph from yesterday's subscriber-only DP Diamonds Report: "I am still not in favor of expanding exposure. Big reason would be the diminishing participation within the major indexes...
It was a rocky week for the "Diamonds in the Rough", but of the 12 stocks picked this week, only five have questionable futures. Two of those are definitely bearish moving forward while the other three have "neutral" ratings...
Here is part of the opening paragraph from today's DP Diamonds Report: "I am still not in favor of expanding exposure. Big reason would be the diminishing participation within the major indexes...
Reader requests were pretty good, but I am still not in favor of expanding exposure. Big reason would be the diminishing participation within the major indexes. It's going to get harder and harder to find solid winners as there are fewer to pick from...
Today we had a Short-Term PMO crossover SELL signal on the Dow Industrials. I decided to pull up the Dow with the Swenlin Trading Oscillators (STOs) and a relative strength line comparing $INDU to the SPY. First note the accuracy of the STOs in marking market tops...
I've noticed that my scans are beginning to return fewer and fewer results. This is generally not a good sign. It tells me that we need to babysit our positions and not add to our exposure...
$GOLD saw a "golden cross" of the 50/200-EMAs yesterday and today GLD (which we use for our signals) triggered the same LT Trend Model "Golden Cross" BUY signal. I'll fill you in on the implications in the section on Gold...
Consumer Discretionary (XLY) finished strongly today and with many retailers reporting earnings for the third quarter, it does appear we will see a continuation of this trend...
The Silver Cross Index (SCI) measures how many stocks have their 20-EMA above their 50-EMA within an index or sector. The SCI is continuing to rise on the SPX, but the SCI on the Nasdaq and NYSE have both turned down...