Today the S&P600 triggered a new Price Momentum Oscillator (PMO) crossover BUY signal. While that is bullish, there are problems on this chart. You'll notice first off that while the SPX made new all-time highs today, the SP600 isn't close to making all-time highs...
Over the last two weeks I have been presenting the majority of "diamonds in the rough" from the Energy and Materials sectors. They didn't do much last week, but this week these stocks have been outperforming in a major way...
I try not to do this often. Predicting a chart pattern doesn't always work out, but in this case we should be aware of the possibility of a bearish formation developing. I've marked the left shoulder and head. Today price rose...
In this week's edition of Chartwise Women, Erin and Mary Ellen discuss stocks and their "personalities." Stock personalities come in the form of seasonality, sector, industry group, support and relative strength...
The reason it was hard to choose the Reader Requests today was because I had about 30 to review and they were all outstanding choices. Therefore, I picked the best to write about and have listed the rest that I really liked in the "Stocks to Consider" area...
I've covered Natural Gas (UNG) quite a bit. In fact, it has been a "Diamond in the Rough" in the Diamonds Report numerous times. The latest was on April 14th. It is up almost 10% since then...
Yesterday I spotlighted the Energy Sector (XLE) and today I'm spotlighting the Materials Sector (XLB). This sector chart looks great minus some overbought readings on participation. However, the PMO is rising gently and isn't overbought...
This is an excerpt from today's subscriber-only DecisionPoint Alert report: The family of ARK funds have received quite a bit of attention lately. In particular, the ARK Innovation ETF (ARKK) managed by phenom Cathie Wood, has been in the news for months...
The family of ARK funds have received quite a bit of attention lately. In particular, the ARK Innovation ETF (ARKK) managed by phenom Cathie Wood, has been in the news for months. The fund is in what she calls the "disruptive innovation" companies...
Last Thursday I looked at a few Energy ETFs that looked promising going into this week. Both are up about 2.5% and 4.5% since we picked them last Thursday. This sector is turning around and it should continue to move higher...
The broad markets finished the day higher, but that didn't prevent the Price Momentum Oscillator (PMO) from triggering new crossover SELL signals. Below is a look at the NDX, OEX, SP400 (IJH) and SP600 (IJR). The NDX is now sporting a double-top formation...
In this episode of DecisionPoint, Carl starts off by discussing outrageous market valuations and giving his thoughts on Gold and Gold Miners, as well as the Dollar, Treasury Yields, Crude Oil and the Bonds...
For the last month or so the 10-Year Yield has been consolidating the steady move up from the August low. This week it broke out of a falling wedge formation, which also looks a lot like a bullish flag/pennant...
Interesting trading week for Diamonds. This week I believe that we can fully see why it is important to stay diversified in your portfolio positions. What do I mean? This week the "diamonds in the rough" were mainly from the Energy sector with the majority being picked yesterday...
Energy (XLE) was the big winner yesterday. Today it was Communications Services (XLC) due to strong rallies for FB, PINS, GOOGL, DISH and CMCSA, among others. Price finally was able to break the April tops...
Welcome to Reader Request Day! I opted to cover five stocks today, three were reader requests and I added two of my own. Energy (XLE) is heating up and we now have a plethora of stocks to consider. The news has been out that gas prices are on the rise...
Correction to yesterday's DPA, I referenced the song, "Living on the Ceiling", but I attributed it to the wrong band. It is Blancmange not Heaven 17. The market is still basically "living on the ceiling", but today the SPY managed to log a new all-time intraday high...
As I sifted through today's scan results (hundreds again today), I noticed a few industry groups that were showing up frequently within the results. These four industry groups are picking up momentum so I found a stock in each for your review...
Does anyone remember the 80's alternative band Heaven 17? They had a song called "Living on the Ceiling" which reminded me of current market action. The market has been trapped in a trading channel the last two weeks pushing against the ceiling, but unable to penetrate it...
I do have a "buy alert" for after hours trading right now. See today's second "diamond in the rough" below. Sifting through scans today was quite difficult as I had 82 results on the Diamond PMO Scan. Additionally, a few of my other favorite scans yielded hundreds of results...