Energy (XLE) led the charge today finishing up 5.65%. The runner-up, Materials (XLB) was "only" up 3.25%. That's a 1.4% difference which is substantial. Erin discussed with Diamond subscribers the reverse island that could be shaping up on the chart...
On this week's edition of The DecisionPoint Trading Room, Carl discusses the implications of short-term vs. intermediate-term indicators' reactions to last week's rally and what they will likely look like after today's rally...
Price stayed in a trading range this week. Price was able to recover and hold support after dipping below $361--not today. The morning was positive, but by lunchtime investors decided they had indigestion and the selling began...
I was pleasantly surprised this morning when I found out all but one "Diamond in the Rough" was negative. However, by the end of the day, the 4% average gain of the morning was pared back to 2.64% gain with two stocks and an ETF finishing lower...
We generally don't pay attention to upgrades and downgrades, but Apple (AAPL) fell heavily today apparently on news that Bank of America downgraded the stock...
I had a handful of great reader requests this week! Great job, everybody who submitted! I think most of these are ready for primetime. My main hesitation is the state of the market. It was supposed to finish higher and rally today... no such luck...
As we saw a positive divergence materialize on the $SPX with New Lows, we thought it a good time to bring out the NYSE New Highs/New Lows chart, which has also seen a positive divergence between shrinking New Lows and price bottoms that were moving lower...
As we saw a positive divergence materialize on the $SPX with New Lows, we thought it a good time to bring out the NYSE New Highs/New Lows chart. It also has a positive divergence between shrinking New Lows and price bottoms that were moving lower...
The market rallied strongly (finally!) and brought some new candidates on the bullish side rather than on the inverse side. Inverse ETFs still show rising momentum, but in the short term aren't likely to pay off...
Today the Consumer Staples Sector (XLP) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL signal...
Still not having luck with my scans as they are written. It now takes a few tweaks just to get results. The biggest tweak? Allowing EMAs to be configured negatively (20-day < 50-day < 200-day EMAs). I don't like that for my portfolio...
Today the Energy Sector 20-day EMA crossed down through the 50-day EMA (Dark Cross). Since the crossover took place above the 200-day EMA, a NEUTRAL signal was generated. On the bright side, price is holding July price lows...
On this week's edition of The DecisionPoint Trading Room, Carl reacts to a viewer question about why he thinks the market will likely retrace 55% or more from the bull market high. He focuses on earnings, which he goes through in detail...
With the S&P 500 within one percent of the June lows, we can consider that a retest is in progress. More on the market later...
Another horrible week for the SPY. The Fed technically upset the apple cart, but tensions were high before the announcement of a 75 point rate hike. Reality seems to be setting in for most investors and traders that this market has more downside ahead...
I knew well ahead of the 2006-2007 real estate crash that problems were coming, but I didn't really understand the cause...
This is probably the most colorful chart in our arsenal. It is a yield array with every interest rate time horizon...
It isn't fun to trade these days. It is more stressful and difficult to say the least. Reader Requests were rather slim today. I would like to say that you should send in any symbol of interest. It doesn't have to be a "Diamond in the Rough"...
The emotions today were easy to spot on the 5-minute candlestick chart of the SPY. Traders were holding their breath the past few days before the FOMC announcement on rate hikes...
I have to wonder what I will do when I actually see numerous ETFs with rising momentum. Currently there aren't many unless they are inverses. Therefore, today I pulled out some inverse ETFs for your review. Many ETFs are juiced (2x or 3x) so keep that in mind...