This week the only broad market index ETFs on our Market Summary to finish higher were the Russell 2000 (IWM) and the S&P 600 (IJR). A look at IJR's chart and we can see a few bullish features, but mostly the picture is bearish...
The Energy sector was on fire this week, outpacing all of the other sectors. It was up a whopping +3.2% while the closest runner-up, Consumer Discretionary (XLY) was up +0.66%...
Industrials SPDR (XLI) generated a new IT Trend Model "NEUTRAL" signal. This means the 20-EMA has crossed below the 50-EMA while the 50-EMA was above the 200-EMA. Had the crossover occurred beneath the 200-EMA, then it would have been a SELL signal...
It's Reader Request Day for DP Diamonds! Here I look at all of the symbol requests sent to me and find the ones that will provide a teachable moment and/or appear strong moving forward. Today's selections fall into the latter category...
Energy (XLE) has finally broken above its 50-EMA. It hasn't seen a close above this EMA since price began to top in early July. Carl and I reviewed the chart and he agrees we also have a bullish reverse head and shoulders...
The Energy sector continues to outperform this week as we believed it would after our research in the Diamond Mine trading room last Friday...
I've had a few readers email me and tell me that our indicators, particularly our participation indicators, are oversold enough to look for a reversal. I will say that they are oversold. Oversold enough? I don't think so...
The Diamond Scans turned up mostly empty. I did find a few from the results, but I ended up doing research within a few strong industry groups and found two more for you to look at. I don't have a lengthy "short list" today. I just didn't find that many candidates...
In this special evergreen episode of DecisionPoint, Erin discusses the concept of climax analysis. Market climaxes are important to recognize, as they generally will indicate whether the market is "initiating" a new move or if the current price move is "exhausting...
I thought it was a good time to review the major broad market indexes (SPX, Nasdaq and NYSE) with the Golden and Silver Cross Indexes visible for each...
"Diamonds in the Rough" this week averaged nearly 2% higher than the SPY. Last week, our positive week came on the back of rare earth metals and mining. This week winners came from various sectors. This week's best performer was up 8...
We noted on the Weekly Sector Summary that every sector finished lower on the week. As part of the DP Diamonds report on Fridays we search for the "sector to watch" for the following week...
We have a freak storm plowing through our area in Southern California. There's been buckets of rain, some hail and lots of thunder and lightning. My golden retriever is scared out of his mind...
First, thank you to the readers who sent in symbol requests. I always enjoy seeing the kind of charts that interest you given you all have different analysis processes. However, there are clearly some similarities as some of the stocks that were on the list had been on my radar...
We have been pointing out that mega-cap stocks, particularly in the Technology sector, are helping to keep the market afloat. I was looking for a way to visualize this better. While scrolling the DP ChartPack ChartLists on StockCharts...
Today I found a few charts that display what I call a "scooping" PMO. This means that the PMO has taken its time on its reversal as it nears a crossover BUY signal in oversold territory. These don't all work out, but the stage is set for some upside...
I haven't reviewed the Rydex Ratio chart in some time, mainly because what used to be considered overbought territory became the "new" oversold territory and I wanted to see how it behaved moving forward. A quick refresher on what the Rydex Ratio tracks...
I haven't reviewed the Rydex Ratio chart in some time. Mainly because what used to be considered overbought territory became the 'new' oversold territory and I wanted to see how it behaved moving forward...
Scan results were not plentiful today which tells me the market may see some more downside this week. When results are scant, it tells me not to open new positions in the short term and to watch my short-term trades more carefully than usual...
This week's clear winner among all of the sectors was Real Estate (XLRE). It finished over 4% higher this week with Technology as the second best performer gaining 1.65%...