Today the U.S. Oil Fund (USO) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. More discussion follows in the Crude Oil section below...
Yesterday, we posted a short video about the lack of participation within the mid-and small-cap universes. Here, we had a rally to new all-time highs, yet we weren't seeing much of anything out of the broad market...
I am definitely happy with how Diamonds in the Rough performed this week. They averaged better than the SPY as they were up +1.69% and the SPY finished up +1.15%. We got help this week from Banks which surged today on good earnings from major banks that reported today...
We normally cover this subject on Fridays, but mortgage rates ticked up for the second week in a row, having found support on the line drawn across the 2023 low. Concern about what the Fed may or may note be able to do next is likely a contributing factor...
We three readers supply requests today. I did get the list of the Fast Money (CNBC) stock symbols, but it was too long and I had plenty of other requests to review. One reader requested Costco (COST) but I won't be presenting it...
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Today the Dollar Index ETF (UUP) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. We'll talk more about this in the Dollar's section...
Well the market hit new all-time highs today and that caused the Surge Scan to come through with many different S&P 500 oriented ETFs. I'm not presenting an ETF that follows the large-caps, but I certainly could have...
Today the SPY rallied nearly +1.00% today, but we noticed that not everyone saw a big rally and improved participation. You'll notice below that the NYSE, Mid-Caps (MID) and S&P 600 (IJR) did not rally strongly. In fact, IJR was down -0...
The scans were a little light today which was interesting given the strong rally. I expected to see more PMO Crossover BUY Signals and more results on the Surge Scan. I ended up running a few of my other scans to give me more selections...
We want to start with our yield array chart to highlight what is happening with bonds. The Fed is dropping interest rates, and we intuitively expect that bonds will rally and yields will drop. But no...
During today's market analysis Carl laid out his reasons why we believe we are at a market top. He discusses the current market price action combined with exclusive DecisionPoint indicators to substantiate his position. Don't miss his analysis...
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. Participation is excellent with % Stocks > 20EMA and % Stocks > 50EMA at 100% and 86% respectively...
It wasn't the best week for "Diamonds in the Rough" but they did average out in the green. The SPY surprised with a nice rally today that took care of its losses on the week. It finished the week up +0.26% whereas "Diamonds in the Rough" finished up +0.06%...
SPY 10-Minute Chart: The market opened down and stayed down, but not by very much. We think it is waiting for the employment report tomorrow morning. Investors will be eyeing results closely as this is now where the Fed is focusing their efforts...
I only had one reader send in requests for Reader Request Day and I would have to say that they did a great job picking as I could've selected any of the symbols presented...
Today both the Golden Cross Index (GCI) and Silver Cross Index (SCI) topped. We'll talk more about this in the Bias section, but as you can see both remain above their signal lines so despite topping, the IT and LT Biases are still BULLISH...
I heard crickets when I used the scans on ETFs today. Very few results and what came through I wasn't pleased with. I've listed some runner-ups today, but I'm only cautiously optimistic. One of the runner-ups is the short for Bitcoin...
SPY 10-Minute Chart: In spite of yesterday's enthusiastic close, the market started the day down . . . and stayed there. In the background there is the dock strike and the missile attack on Israel, but mainly it is October and a top is due...
I'm finding it interesting that for some time I haven't detected any themes in the scan results. Today results were all over the place...