In this episode of DecisionPoint, after reviewing the SPY and the DecisionPoint indicators, Carl gives us a history lesson on Black Monday 1987, which happened 33 years ago today! He points out warning signs that came ahead of the hatchet that had stock prices down more than 20% ...
Interestingly, on the anniversary of Black Monday 1987, the markets dove lower to end the day. The deadline for stimulus arrives soon and that seems to be what market participants are waiting for. In any case, according to CNBC...
We haven't looked at the Rydex Ratio chart lately. This measures sentiment based on tracking assets in bear funds, money markets and bull funds from a group of mutual funds that used to be offered by Rydex; now Guggenheim manages them...
It was a mixed week with the SPY finishing up +0.16%. In today's Diamond Mine we took a look at all of the "diamonds in the rough" to determine if any were polishing up and becoming real diamonds. At the same time we had to review Tuesday's picks. Ouch...
It wasn't a pretty morning as the market opened substantially lower, enough to cause a break in the rising trend...
Reader requests were somewhat light today, but interestingly (and really not surprisingly), one of the reader requests was on my short list to present as my own diamond in the rough today so you're getting two from my list...
In one of my favorite Monty Python movies, a scene opens in a town dealing with the plague. A man is ringing a bell telling everyone to "Bring out yer dead! Bring out yer dead!". Someone tosses a body on the pile in the wheelbarrow and you here a faint, "Uh, I'm not dead yet.....
I will continue to preach caution right now. I have tightened up my stops and am looking to close out some positions this week. Today the Diamond PMO Scan had only four results while the Diamond Dog Scan had 30 results...
Indicators yesterday already had me exercising caution. Today's readings continue to concern me. On the 10-minute bar chart, we have a break of the rising trend channel and an RSI that stayed negative all day...
A new slate of "diamonds in the rough" is here! First, let me say that I'm not feeling optimistic about the market as a whole. This means that we could be swimming against the current if the market decides to finally give us a significant top...
The market has been running higher and higher and, in this episode of DecisionPoint, Carl and Erin break down the implications of the current vertical rally in technology and the accelerated rising trend for the SPX...
Another big rally for the market as the SPX propelled higher by 1.64%. Carl and I agree that most of this is likely due to the big +6.35% gain for Apple (AAPL) which enjoys the highest weighting in the SPX...
As a new earnings season begins, let's look at the finalized results of the last earnings period...
The market is running on all cylinders right now with a strong bullish bias. The indicators were enlightening today. I decided to look at the McClellan Oscillator chart. The McClellan Oscillator is extremely overbought, but looking at cardinal tops, that isn't really the problem...
The rally in the market this week put the wind at our backs this week. Another great example of why it is best to trade in a market with a bullish bias. To learn more about "bias" read the DP Alert...
The Swenlin Trading Oscillators (STOs) are short-term indicators and not part of our "Climactic Indicator" suite. However that doesn't mean that they can't have climactic readings. The OEX was the only DP Scoreboard index not to get a new PMO BUY signal yesterday...
Today is Reader Request Day! I had a ton of symbols come in and I meticulously went through each to pick out the most instructive or most likely to succeed...
After the Dow triggered a ST Trend Model BUY signal last Friday, we now have a new PMO BUY signal to add. Now ST Trend Model BUY signals have arrived for the others. I don't emphasize the Short-Term Trend Model signals. They are generated by 5/20-EMA crossovers...
While I only had 36 Diamond PMO Scan results, there were plenty of choices. As I usually do, I looked specifically for diamonds in the rough that I would want to invest in myself. In fact, one of them I am planning on getting into...
(This is a complimentary issue of today's subscriber-only DP Alert report. Get this report every business day on DecisionPoint.com!) Everything was running smoothly as the market broke above the previous week's trading range. And then...bah bah baaaaah.....