Today the Crude Oil ETF (USO) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating a LT Trend Model BUY Signal. We will cover this more thoroughly in the Crude Oil section of this report...
The market is acting like it wants to rally, but I have to say, my Diamond Dog Scan that finds shorts was very plentiful today so I did include one short. The two themes that were prevalent in the scans were Consumer Staples and Utilities...
Today the S&P 400 Mid-Cap Index ETF (MDY) 50-day EMA crossed down through the 200-day EMA, generating an IT Trend Model SELL Signal. It managed a positive close today, but we can see that participation still remains below our bullish 50% threshold...
You may not know it, but all of the Magnificent Seven stocks are in bear markets. Given they are such an integral part of the major indexes, we have to believe that the market will follow suit and continue lower in its own bear market...
With only one trading day left in the month, we're going to go ahead and review the monthly charts as well as the daily and weekly charts. __________ Here's a refresher on the Silver Cross Index: We consider a positive 20/50-day EMA crossover a "Silver Cross"...
Both the SPY and "Diamonds in the Rough" finished lower on the week, but at least "Diamonds in the Rough" didn't lose as much ground as the SPY. I'm still thoroughly unimpressed by results these past weeks...
One of the indicators that Carl Swenlin developed is the Silver Cross Index. It is one of the best participation indicators out there! Here's how it works: We consider a positive 20/50-day EMA crossover a "Silver Cross". If a stock has a Silver Cross it has a bullish bias...
Today the Dow Jones Transportation Average ETF (IYT) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. Price is bouncing off support, but we see a bearish reverse flag formation that could spell trouble...
I'm going to keep Reader Request Day around, but it has begun to dry up with one subscriber consistently sending in symbols while everyone else remains quiet. Feel free to send in any symbols during the week for review on Thursday...
Today the Semiconductor ETF (SMH) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. SMH is in trouble as it has already lost the short-term rising trend...
It looks like I should've made all positions yesterday defensive. I do not like what the market is giving us right now. It looks more and more like a bear market rally that is beginning to fail. This made picking ETFs tough today...
Today the Real Estate Sector ETF (XLRE) 20-day EMA crossed down through the 50-day EMA (Dark Cross), above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal. Price has been meandering sideways in a trading range...
The market looked pretty good yesterday, but I wasn't thrilled with today's action. I was hoping to see some followthrough given I had added exposure. We did get a gain, but price didn't really go anywhere...
It wasn't the SPY or the Nasdaq that had the best finish, of all the indexes we follow the Small-Caps SP600 (IJR) had the best rally finishing up over 2.5%. This actually made quite a difference on %Stocks > 20EMA which moved up sharply...
Over the weekend it was announced that tariffs will be narrowing and possibly not as widespread as initially thought. Negotiations are continuing in the background and this seems to be allaying market participants' fears. The market rallied strongly on the news...
We wrote about the American Association of Individual Investors (AAII) poll results a few weeks ago. Since then the bearish activity on the chart has broken a record for the poll...
The market did end up seeing a positive close to finish the week. I still think the market is vulnerable to decline next week. Today's final up thrust came on President Trump saying that there would be "flexibility" on tariffs...
We wrote about the American Association of Individual Investors (AAII) poll results a few weeks ago. Since then, the bearish activity on the chart has broken a record for the poll...
Today the Energy Sector ETF (XLE) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. It is essentially in a trading range and it is near the top so this signal may be arriving late...
I think I'll keep Reader Request Day around, but this week saw only one subscriber turn in symbols. Rather than cover them all (which I could, they look pretty good), I ran the Diamond PMO Scan and found some candidates to add...