The Technology Sector is still leading the market, but participation within that sector is beginning to fade considerably from the levels measured at the market top on June 10: The Silver Cross Index, which shows the percent of stocks with the 20EMA above the 50EMA, is down -20%...
Today the OEX triggered a new PMO crossover BUY signal. The OEX chart looks somewhat positive given the bullish ascending triangle and new BUY signal; however, resistance seems to be holding and the OBV shows a bearish reverse divergence...
I've made it to Texas! We are in Big Spring TX and I'm thankful to have your reader requests today to save me a little time as I'm definitely ready for some rest...
Carl and I have been bullish Gold for some time and it is continuing to pay off. It has certainly been one of the super stars lately and based on the 10 minute bar chart below it is set up to continue higher...
Today on the Consumer Staples ETF (XLP), the 50-EMA crossed above the 200-EMA which technically puts XLP in a "bull market" configuration. However, the chart isn't that impressive to me right now. As Staples generally do, it is in a trading range and it hasn't busted out yet...
Well today I am in Ft Walton Beach FL. The Diamond PMO Scan continues to produce plenty of results to sift through. Of the 53 that were returned from the scan, I found five that look very interesting. They happen to come from the Healthcare and Technology sectors...
The S&P 500 preliminary earnings results for 2020 Q1 are out, and based upon GAAP (Generally Accepted Accounting Principals) earnings, the S&P 500 is far above its normal value range...
We had two signal changes in the short term. The NDX had a ST PMO crossover BUY signal kick in. The Dow managed a ST Trend Model BUY signal when the 5-EMA crossed above the 20-EMA. I've included their charts below the DP Scoreboards below...
I am writing to you today from my uncle's Alabama lake house. I'll put a few pictures at the bottom when I write my travel diary at the end of today's post. I was amazed at the Diamond PMO Scan results once again. Today I had 50 to sift through...
I mentioned to Erin on our StockCharts TV show this week that I thought that the market participation was narrowing somewhat like it did in 2000...
In this episode of DecisionPoint, Carl reviews the DecisionPoint charts that track "fair value" based on earnings and earnings estimates...
What's interesting to note today is the large-cap big names are really driving this market. The SPX was up 0.5%, the SPY was up 0.7% and yet the Equal-Weight SP500 ETF (RSP) was only up 0.14%...
Today the 50-EMA crossed above the 200-EMA on the Materials ETF (XLB). This triggered a new Long-Term Trend Model BUY signal. The chart below (from our Sector ChartList on DecisionPoint.com) shows that XLB broke out of a symmetrical triangle continuation pattern...
Today I found a few interesting stocks from my "Momentum Sleepers" scan. It's an excellent scan to find bottom fishing opportunities as it finds stocks that are showing positive momentum under the surface...
Our Short-Term Trend Model triggered three Neutral signals on the DP Scoreboards today. While that may be counterintuitive, it really tells us that there continues to be weakness under the surface and despite a nearly 1...
I am really impressed with the choices coming out of my Diamond PMO Scan. Interestingly, Sprouts Farmers Market (SFM) appeared in the results today, but I already covered it last Thursday. It's doing well...
On our StockCharts TV show I featured this chart. The Technology Sector recently made all-time highs, but, at the same time, a large number of negative signs threw a lot of shade on the picture...
Utilities have been in a declining trend since the beginning of the month and now they have formed a large double-top on the daily chart. The IT Trend Model SELL signal triggered when the 20-EMA crossed below the 50-EMA while the 50-EMA was below the 200-EMA...
Reader requests were a little light today, but I picked out the ones that could be considered Diamonds. One of the requests was whether a particular ETF was a good hedge right now...
In this episode of DecisionPoint, Erin reviews the Nasdaq 100's PMO BUY Signal and its whipsaw back into a SELL signal on Wednesday. Carl showed us his new "market bias" view of the Swenlin Trading Oscillators (STOs) and IT Breadth/Volume (ITBM/ITVM)...