The Technology Sector has declined -13% from this month's high. A bearish head and shoulders pattern has formed, and the neckline was tested today...
Carl pointed out a pattern that I honestly wasn't familiar with called a "pig's ear". They are what we like to call a "fake out, break out" or "bull trap". One of this week's Diamonds apparently showed this hand and resolved in "textbook" fashion...
A look at the 10-minute bar chart below and you can see the sideways trading range. It appeared we were going to have a substantial loss booked on the major indexes today, but a last minute buying spree on heavy volume erased much of those losses...
The Diamond PMO Scan returned 41 stocks today, but I only got to choose one since it is Reader Request day. I also had quite a selection from readers this week. Don't be upset if I don't review yours, I can only pick four...
Oil has finally begun to rally! It is now headed toward overhead resistance along the resistance line drawn from those June-July tops...
The number of Diamond PMO Scan results averages about 12 stocks/ETFs per day. September has been particularly lean with only 6 to 10 results/day...
That's the line spoken by Dirty Harry in Magnum Force right after he blew away his crooked boss. I also personally use that line to curb any tendency toward hubris I might have...
The market moved sideways this morning, but fought to keep profits as prices headed south after lunch. Overall, price is in a trading range...
Today I found that the Industrials were still dominating my scan results. Additionally, I've noticed Health Care stocks are beginning to make a resurgence in my scan results as well. So, you'll find three Industrials and two Health Care "diamonds in the rough"...
In this episode of DecisionPoint, Carl and Erin debate whether it's time to jump back in to Natural Gas (UNG)...
This is an excerpt from today's DecisionPoint Alert on DecisionPoint.com: It may only be a one-day bounce, but the questions are already appearing.....
It may only be a one-day bounce, but the questions that are already appearing..."Is the correction over in Technology? Is this a BUY point?" Below I have the chart of the Nasdaq, followed by the Technology Sector SPDR (XLK)...
A key element in determining the potential for more decline is the Technology Sector. As of Friday, that sector has declined -12.5%, and some of the indicators are getting oversold. Significantly, price penetrated the rising trend line, but managed to recapture it by the close...
Overall this week Diamonds were down -0.68% which isn't bad given the SPX was down -2.51%. If you add the Reader Requests in, the week ended in the green. Thank you, readers for adding more green to the spreadsheet, especially for the DIN short that I didn't fully support...
We rarely talk about the Short-Term Trend Model, mainly because it isn't very helpful when it starts to jump around too much. DecisionPoint follows a more intermediate-term view of the markets...
A reader told me that he doesn't think I need to provide 15 stocks a week, especially when there is a troubling overall market outlook (like I have now). However, I disagree. Don't forget that the purpose of this newsletter is to teach you to read and sort charts when you invest...
The question on everyone's minds right now after today's big upside pop on the Nasdaq is whether the "correction" for Technology is over. I found it fascinating to see the one-week sector results today. Technology is in the bottom slot down -8...
Today the Diamond PMO Scan had only one result (WKHS) which I didn't like because it is in a short-term parabolic move and is now very overbought. Since I wanted more results, I decided to use my Momentum Sleepers Scan...
On August 31, AAPL stock split 4 for 1 and TSLA split 5 for 1. On several occasions prior to that date I tried to make DecisionPoint ALERT readers and DecisionPoint Show viewers aware that stock splits often occur in the vicinity of price tops...
I decided to lead with the new Intermediate-Term Trend Model SELL signal on Oil (USO) today rather than beat to death the demise of the Nasdaq and Technology which I believe was covered plenty on the business channels...