Two big signal changes today. I'll look at the SPY's new PMO BUY signal in the "Market" section. Let's talk real estate. XLRE has enjoyed a rally this past week. Today our Intermediate-Term Trend Model triggered a BUY signal as the 20-EMA crossed above the 50-EMA...
Yesterday I showcased Home Builders. Apparently just in time for today's big rally. Today I'm highlighting an area of Materials that I suspect many of you have been watching and biding your time for an entry. And... it isn't about Gold or Miners...
We saw a gap up on the open today that took price back into the trading range on this 10-minute candlestick chart. The PMO has given us a crossover SELL signal to finish the day in this timeframe, but the RSI is still positive ...
I noticed that I had two Home Builders come up on one scan and two more on a different scan. I decided to look more closely at the members of that industry group and found a few more to add...
I believe it is time to revisit the Rydex Ratio sentiment chart. A few followers have noticed how overbought it has become. Last night after the latest asset counts were in, the Ratio finished with the lowest reading recorded at 0.09...
Diamonds in the rough had a solid week. Yesterday's reader requests and one of my picks didn't have a great day, but overall there are only a few that I don't like going forward...
The DecisionPoint Scoreboards needed an update today as the OEX lost its 1/8 PMO BUY signal. Currently the SPY has some margin between the PMO and its signal line that could protect it from the same fate as the OEX. I've annotated a rising trend channel similar to the SPY...
I didn't get that many reader requests this week and one of the selections was one I had in mind for my pick today. So technically two of them are my "diamonds in the rough" instead of just the one I usually do on Thursdays. Let's catch up on some of this week's trades...
Yesterday I noted in the DP Alert that Gold ($GOLD and GLD) had triggered PMO SELL signals as the PMO crossed below its signal line. Today Gold got hit with another whammy, an Intermediate-Term Trend Model Neutral signal...
Mary Ellen McGonagle and I taped our "Chartwise Women" show earlier today and I set up a theme on Healthcare. It was a great show! I'll be retweeting the link once it is posted tomorrow...
One of the lesser known DecisionPoint indicators (that happens to be one of my favorites) is the 10-DMA of the High-Low Differential. It isn't particularly volatile, but its undulations can generally warn us of upcoming problems...
Every Monday on the DecisionPoint Show, I present a "Diamond of the Week". Last week's DP Show "Diamond of the Week", Sunrun (RUN), finished the week with a 35%+ gain...
On an almost daily basis we hear experts on the subject complaining that this the most overvalued market ever. While our chart doesn't quite confirm that claim, we would agree that it could easily be true using a different methodology...
Until today, the Energy Sector (XLE) had been on a Long-Term Trend Model SELL since January 17th, 2020...however, that 1/17/2020 LT Trend Model BUY signal lasted two days before flipping back to a SELL...
In this episode of DecisionPoint, Erin flies solo, bringing quite a few trading ideas into the show. As far as the market overall, the bullish bias has returned...
Using the Swenlin Trading Oscillators (STOs) and the IT Breadth Momentum oscillator (ITBM) and IT Volume Momentum oscillator (ITVM), we can watch the changes in the market bias. When we see "green" that suggests a bullish bias and "red" suggests a bearish bias...
Overall it was a very positive week. Two of our "diamonds in the rough" finished up 5%+ this week. The problem right now is that most stocks are overbought and this week's Diamonds are no exception...
After falling heavily on Monday, Oil is rallying strongly. Today the PMO crossed above its signal line to trigger a new crossover BUY signal on USO. Unfortunately it is arriving in very overbought territory. USO still looks strong. Overall I continue to be bullish on Oil...
There were some excellent reader requests today and the four that I chose have great upside potential. You'll note that my selection is a bank. The Banks industry group is heating up as I suspected given the stimulus...
Last night as I studied the 5-month candlestick chart, I debated whether to adjust the trendlines on the rising wedge that we've been monitoring. I was seeing a possible rising trend channel...