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Today the Energy Sector (XLE) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. This signal is arriving late to the party as XLE has been rallying for quite some time. Today saw a breakout above resistance...

Published on 2025-01-18T00:41Z by Erin Swenlin, Carl Swenlin

It is clear that the market has a bullish trend and condition based on what happened to our spreadsheet this week. We had some losing positions last week that moved into the green and all but one of this week's "Diamonds in the Rough" finished higher...

Published on 2025-01-17T22:43:37Z by Erin Swenlin

The trouble with bonds is best portrayed by this long-term chart. Bonds were in a rising trend for about forty years, but the trend line was broken in 2022...

Published on 2025-01-17T15:48:40Z by Carl Swenlin

Today two defensive sectors led today, up over 2.5% on a day where the SPY lost ground. Generally defensive sectors are where investors hedge their bets on the market. When they begin to show leadership, the market could be weakening internally...

Published on 2025-01-16T23:49:54Z by Erin Swenlin, Carl Swenlin

Thank you to the readers who sent in requests for today. I was pretty impressed by the symbols I was given, but I will say that one reader gets a gold star as I'm presenting two of his requests...

Published on 2025-01-16T22:48:11Z by Erin Swenlin

Today's CPI print suggested that inflation is not that sticky. This opened up the possibility of a FOMC rate cut in March. The market loved this and the Magnificent Seven led the way. Below is an ETF made up of only the Magnificent Seven...

Published on 2025-01-16T00:02:05Z by Carl Swenlin, Erin Swenlin

After a positive CPI print, the market rallied big time despite slim participation leading into it. Volatility is likely to continue as more economic reports are released. The market seems hyper focused on the Fed again. The rally certainly opened up the scans...

Published on 2025-01-15T23:01:34Z by Erin Swenlin

We have been monitoring the relative strength line of equal-weight RSP to the SPY. This relative strength line tells us whether mega-caps are in charge or if they are losing ground...

Published on 2025-01-15T00:15:53Z by Erin Swenlin, Carl Swenlin

It's the start of a new week and the hope is that the fires in neighboring Los Angeles will calm further. Carl and I are safe but under a fire watch (as is most of Southern California). Winds seem to be okay for now, but they will likely pick up later tonight...

Published on 2025-01-14T23:13:43Z by Erin Swenlin

NVDA has been sliding quickly lower and the Price Momentum Oscillator (PMO) has felt the pain. Today it crossed below its signal line for a Crossover SELL Signal. On the bright side, strong support is arriving and today we saw a bullish hollow red candlestick...

Published on 2025-01-13T23:51:16Z by Carl Swenlin, Erin Swenlin

Earlier this week we were looking at a promising short-term double bottom, but Tuesday's sell-off knocked the wind out of the rally that began last week. As of today's decline, it is obvious that the most optimistic we can be about this chart is a potential triple bottom...

Published on 2025-01-11T00:30:10Z by Carl Swenlin, Erin Swenlin

Lack of internet service prevented me from holding this morning's Diamond Mine trading room. We still do not have internet and don't think it will return by Monday's trading room so we will be canceling it...

Published on 2025-01-10T23:09:39Z by Erin Swenlin

S&P 500 earnings are in for 2024 Q3, and here is our valuation analysis...

Published on 2025-01-10T17:35:18Z by Carl Swenlin

The majority of the Magnificent Seven charts are weakening and that will likely spell trouble for the market as a whole. We reviewed the charts and found that at least Apple (AAPL) is reaching a strong support level...

Published on 2025-01-09T00:08:26Z by Carl Swenlin, Erin Swenlin

Thank you to the three readers who sent in requests today. You made my job a little easier. I managed to find one from each person to present. They're pretty good charts, but I still hesitate to add to my portfolio right now...

Published on 2025-01-08T23:08:52Z by Erin Swenlin

SPY 10-Minute Chart: There was a brief pop higher to begin trading, but the rest of the day saw the market slide much lower basically taking back all of yesterday's gains and then some...

Published on 2025-01-08T00:00:42Z by Carl Swenlin, Erin Swenlin

We're sitting at an interesting place in the market right now as bears and bulls fight it out. I suspect trading will continue to be choppy moving forward with stutter steps leading us ultimately downward in my opinion...

Published on 2025-01-07T23:15:34Z by Erin Swenlin

Today the Materials Sector ETF (XLB) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal...

Published on 2025-01-07T00:08:33Z by Erin Swenlin, Carl Swenlin

Well it is time to pivot. The great decline of January isn't materializing, not that we are out of the woods, but it is clear shorting the market is not what we need to do. This leaves this week's spreadsheet somewhat in jeopardy given my bearish approach the last two weeks...

Published on 2025-01-06T23:14:29Z by Erin Swenlin

In today's free DP Trading Room Carl and Erin discuss whether this market rally can get legs and push the market even higher? Mega-caps are looking very positive with the Magnificent Seven leading the charge. Technology is showing new strength along with Communication Services...

Published on 2025-01-06T18:49:45Z by Erin Swenlin