We received notice in our email box that IJR had a ST Price Momentum Oscillator (PMO) crossover BUY signal. Given the market is acting a bit 'toppy', we definitely wanted to investigate...
It was interesting week, "Diamonds in the Rough" overall finished slightly higher at +0.13% while the SPY finished -0.33% for the week. I prefer a higher "win" percentage that +0...
The PMO BUY signals continue to come in on the sector charts. Today Financials (XLF) joined the crowd with a PMO crossover BUY signal in oversold territory...
My goodness! The stock symbols that arrived this week from readers were excellent! It was nearly impossible to narrow down the list...
In this week's edition of Chartwise Women, Erin and Mary Ellen play "Never Have I Ever" with the markets, looking at stocks in the news based on these ‘revealing' questions...
Technology (XLK) finished slightly lower, but it was enough to push the PMO below its signal line. The NDX also returned to a PMO SELL signal today. Is Technology that bad? The picture is somewhat mixed...
If you recall, last Friday I wrote that Healthcare was the sector to watch this week. Additionally, I listed my favorite industry group as Medical Supplies. Well today I have two medical supply companies that look promising. I also added a Biotech in the healthcare mix...
Today the Materials sector (XLB) triggered a new PMO crossover BUY signal in oversold territory. The sector itself has been languishing, but it is starting to look interesting again. Price broke out of the bullish falling wedge as the pattern suggested it would...
There were actually hundreds of stocks to look at when you combine the four scans I used today. Using CandleGlance I honed in a handful that looked promising based simply on price and the PMO...
The market once again hit new all-time highs, proving that the "cat" isn't quite dead (referring to a possible "dead cat bounce" last week). I'll discuss today's PMO BUY signal on the SPX later in the report, but let's take a look at the Nasdaq 100 ($NDX) chart...
In this episode of DecisionPoint, Erin, flying solo, taked an in-depth view of the SPX and Swenlin Trading Oscillators (STOs) and covers the rally in Bitcoin, as well as a look at the prospects of Crude Oil moving forward...
The market is continuing to see follow-through on the bounce that began last week. Charts and indicators that once looked very bearish are now turning around. Today both the SPX and NDX generated PMO crossover BUY signals...
The SCI has never been this negative as the market makes new highs. I suppose that there is no limit on how long this can last, but as soon as something changes negatively (bad news, etc.), the market is extremely vulnerable to a sharp decline...
This week's "Diamonds in the Rough" shined up nicely with only three positions finishing in the red. The Diamond Mine went long today, but we covered a lot of ground. Be sure and take a look at the recording...
Today I received an email alert that both XLI and XLV had positive PMO crossover BUY signals. Let's look at the DP "under the hood" sector charts. XLI hasn't yet broken above the declining tops trendline. That trendline is the top of a bearish descending triangle...
It was a pretty good batch of reader requests that arrived; it took me some time to evaluate each one. Determining which made the report was quite difficult as most of the charts had merit. I did whittle it down and we have coverage of five different sectors...
As part of our "climax analysis", we use the VIX, Total Volume, Net Advances-Declines, Net A-D Volume and New Highs/New Lows. In addition, we use the NYSE Volume Ratio and SPX Volume Ratio...
Given the lack of reader requests for tomorrow and the Diamond PMO scan returned zero results (even the Diamond Dog scan produced just one), it is clear that the selection is limited as far as trades go. The market is at a crossroads so tread lightly...
The Technology sector (XLK) has been a bellwether for the market so seeing any kind of damage to this chart is significant to the market's trend...
While the market was up today, we are still playing defense. To that end, today's "Diamonds in the Rough" are in defensive sectors and offer high yields as well as the opportunity to set a tight stop...