Today the Dow Jones Transportation Average ETF (IYT) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. Price is bouncing off support, but we see a bearish reverse flag formation that could spell trouble...
I'm going to keep Reader Request Day around, but it has begun to dry up with one subscriber consistently sending in symbols while everyone else remains quiet. Feel free to send in any symbols during the week for review on Thursday...
Today the Semiconductor ETF (SMH) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. SMH is in trouble as it has already lost the short-term rising trend...
It looks like I should've made all positions yesterday defensive. I do not like what the market is giving us right now. It looks more and more like a bear market rally that is beginning to fail. This made picking ETFs tough today...
Today the Real Estate Sector ETF (XLRE) 20-day EMA crossed down through the 50-day EMA (Dark Cross), above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal. Price has been meandering sideways in a trading range...
The market looked pretty good yesterday, but I wasn't thrilled with today's action. I was hoping to see some followthrough given I had added exposure. We did get a gain, but price didn't really go anywhere...
It wasn't the SPY or the Nasdaq that had the best finish, of all the indexes we follow the Small-Caps SP600 (IJR) had the best rally finishing up over 2.5%. This actually made quite a difference on %Stocks > 20EMA which moved up sharply...
Over the weekend it was announced that tariffs will be narrowing and possibly not as widespread as initially thought. Negotiations are continuing in the background and this seems to be allaying market participants' fears. The market rallied strongly on the news...
We wrote about the American Association of Individual Investors (AAII) poll results a few weeks ago. Since then the bearish activity on the chart has broken a record for the poll...
The market did end up seeing a positive close to finish the week. I still think the market is vulnerable to decline next week. Today's final up thrust came on President Trump saying that there would be "flexibility" on tariffs...
We wrote about the American Association of Individual Investors (AAII) poll results a few weeks ago. Since then, the bearish activity on the chart has broken a record for the poll...
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. It is essentially in a trading range and it is near the top so this signal may be arriving late...
I think I'll keep Reader Request Day around, but this week saw only one subscriber turn in symbols. Rather than cover them all (which I could, they look pretty good), I ran the Diamond PMO Scan and found some candidates to add...
Today the Russell 2000 ETF (IWM) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. IWM has declined -20% from its all-time high, and it is in a bear market...
The scans were more prolific than they usually are, but ultimately the selections I made came from my simple PMO Crossover Scan. I have listed plenty of symbols for your review. Some of the themes were growth and value ETFs, international ETFs and Commodities ETFs...
Today the Crude Oil ETF (USO) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. We will discuss this more thoroughly in the Crude Oil section below...
I decided to go with longs today as the Diamond Dog Scan wasn't that prolific. I'm pretty pleased with the results today. I have a nice long runner-ups list for you...
Today the S&P 600 Small-Cap ETF (IJR) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. From the top to the recent low we have an over 20% decline which puts IJR in a bear market...
On Friday DP indicators logged an Upside Initiation Climax. This exhaustion events often mark the beginning of new rallies and could indicate that the market is indeed ready to rebound. However, we do question its veracity given lukewarm trading to begin Monday's trading...
The market had a great day today and many of the sectors are looking up. One sector that Erin noticed in her Diamond Mine trading room this morning was Financials (XLF) which are now bouncing off a strong support level...