I would like to start off by thanking the three subscribers who sent in requests today. I really enjoy seeing what you're seeing! Today's selections are quite interesting, with two I'm surprised I'm presenting. The first is Semiconductor AMAT...
Today the Real Estate Sector (XLRE) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal. Price traded above key moving averages but retreated by day's end...
With the SPY closing below the open today, we saw a plethora of filled black candlesticks. These are bearish candlesticks. They are one day patterns that call out for the next day to close lower. There is a good chance we will see some decline coming tomorrow among many stocks...
One of the indicators that we study is relative strength of the SPY versus equal-weight RSP. In the chart below, when RSP is showing relative strength, the mega-caps are underperforming...
As a consequence of finding stocks with rising trends, I found some great looking weekly charts that suggests today's "Diamonds in the Rough" could be good intermediate-term investments...
Today the Dow Jones Industrial Average ETF (DIA) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal. The decline is picking up speed. The PMO has topped beneath the signal line, well below the zero line...
The market continued to slide lower today as the bear market continues to put downside pressure on stocks in general. Bonds and Yields are at an inflection point as more buyers enter the Bond market which is driving treasury yields higher...
Today the S&P 100 Index ETF (OEF) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal. Price is in a clear declining trend and is falling from there. The PMO is turning back down...
We saw a big improvement on the spreadsheet this week. Even last week started to look better. It wasn't much of a rally today, but yesterday's "Diamonds in the Rough" performed very well...
Today the S&P 500 ETF (SPY) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal. We'll cover this in more detail below...
Today is Reader Request Day but no symbols came in so it is all on the scans today. I won't discontinue Reader Request Day, but I do think I'll be adding to the list each week myself. If you do have any requests or questions come up during the week, please forward them to me...
Today the Consumer Discretionary ETF (XLP) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal. We're seeing somewhat of a rebound, but ultimately it remains in a declining trend...
Here is a quick reminder on the schedule change for this week: Monday - Four picks Tuesday - Three ETF picks Wednesday - Reader Request Day (Send them in!) Thursday - Diamond Mine trading room and Diamonds Recap There was a clear theme in today's scan results and that was "intern...
Today the 20+ Year Treasury Bond ETF (TLT) 20-day EMA crossed down through the 50-day EMA below the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal. We'll discuss it further in the Bonds Section below...
As you probably noticed, since I'm sending out a report today, this week's schedule has been changed to accommodate the holiday on Friday...
The market has been overvalued for some time but how overvalued is it? Today Carl brings his earnings chart to demonstrate how overvalued the market is right now. We have the final data for Q4 2024...
Today the Regional Banking ETF (KRE) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal. KRE is in a declining trend and is stuck beneath resistance. Notice that participation is nearly invisible across the board...
It was a true rollercoaster ride this week as the market burst higher on Wednesday with heavy declines Monday, Tuesday and Thursday finishing with a good rally to end the week...
Today the Nasdaq 100 ETF (QQQ) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an IT Trend Model SELL Signal...
Well, not surprisingly there were no reader requests today. We're all stumped by this crazy market. The scans were interesting today. I had no shorts come up at all. This is likely due to the fact we've had this whipsaw and the scan requires a trend in momentum...