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. Middle East tensions pushed Crude much higher and this helped push XLE well above the 200-day EMA and resistance at the May top...
Well last week looks very good, but this week was basically a bust. We had only two positions finish positive. One was up over 9% so that was good, but I'm not happy with how "Diamonds in the Rough" reacted to this week's decline...
Today the Biotechnology ETF (IBB) 20-day EMA crossed up through the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. Price is now up against resistance and it was turned away with a lower high today...
I was a little disappointed that I didn't have any Reader Requests today, but I know how difficult it can be to ferret out good stocks for review. Since I didn't have any requests, I went through my scans and found three good candidates...
Today the United States Oil Fund ETF (USO) 20-day EMA crossed up through the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. We will discuss this fully in the Crude Oil section below...
ETF scans were pretty light today. It was another day with lots of Bond funds hitting the results. I'm not that bullish on Bonds right now so I opted not to include any...
Today the Regional Banking ETF (KRE) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. We do see a bullish flag formation and price is above key moving averages...
Today the Diamond Dog Scan which finds shorts, only had one result. This tells me the market is fairly healthy at the moment and could see more upside ahead. The rest of the scans were mostly productive. I have a few runner-ups in addition to today's "Diamonds in the Rough"...
The market struggled somewhat to begin the trading day, but ultimately price did make its way higher. Unfortunately, late in trading, the market pared back its gains. This has the 10-minute PMO in decline and Stochastics dropping close to 20...
We'll discuss in detail the new Intermediate-Term PMO BUY Signal on the SPY further down in the report. Let's look at OEF: Mega-caps are doing well with a nice rising trend in place. The PMO does look a bit suspect as it flattens out, but it is still rising for now...
As I updated the spreadsheet this week I was pleased to see last week really shaping up. Nine of the ten stocks/ETFs are up with some up quite a bit. This week also saw the majority of "Diamonds in the Rough" in the green. I have a feeling they will mature well too...
Today the Semiconductor ETF (SMH) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. As long as price stays above the 200-day EMA, this signal will stick. It does appear we are getting a breakout from a bull flag...
I didn't have a lot of choices for Reader Request Day. Some symbols had been brought up earlier this week and unfortunately some of them had turned lower out of overbought territory. One reader brought a runner to the table for me to discuss...
Financials (XLF) saw a negative PMO Crossover SELL Signal today. Price is still melting upward and is staying above the 50-day EMA. This is a warning shot that XLF may start drifting lower soon...
The ETF scans were not plentiful but I did find some interesting candidates without having to go to our ETF Tracker for more ideas. I nearly presented UGL which is a bullishly leveraged Gold fund. I like Gold very much and was close to including it today...
SPY 10-Minute Chart: The market made its way higher most of the day but began to stumble after lunch. There was an attempt to come out of the decline, but instead we saw a second top...
Today I did see quite a few results from my Diamond Scans. With so many results I thought that I would have a large selection to choose from. Ultimately, there were not that many setups that I liked. I still came up with four today and there are some runner-ups to take a look at...
(Note: We are having problems with the email announcements going out and our DP Alert reports not posting to the website. You can find the reports in the DP Alert "Archive" if we continue to experience issues...
As part of the DP Diamonds Recap, Erin picks a Sector to Watch. Here is her write-up from today: The market may be weakening and that generally means a possible flight to defensive areas of the market. Consumer Staples (XLP) fits that bill...
The majority of "Diamonds in the Rough" were up this week, but we didn't see a better gain than the SPY did this week. I'll give this week a B-. Let's dive in. In today's Diamond Mine trading room we had a good sized group...