Today the Nasdaq Composite ETF (ONEQ) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model "Silver Cross" BUY Signal. The PMO has turned up above its signal line which is bullish so let's hope for a test of the 200-day EMA...
Welcome to another Reader Request Day. The pool of stocks wasn't very large, but I did find some "Diamonds in the Rough" hiding in them. Interestingly, today the majority of requests were from the Healthcare sector...
In his speech today, Fed Chairman Powell indicated that the next rate increase should be smaller than what we have had...
As of today, the Dow Jones Industrial Average has advanced to just over +20% from its October low, which by some standards means it has entered a new bull market. Does that mean that the worst is over and that the rest of the market will follow suit? Maybe...
Chairman Powell delivered for the market, suggesting the Fed could begin paring back the size of rate hikes as soon as December. There will still be hikes, but likely not as spartan. The market was loved the news, seeing gains well above 5% for many stocks and ETFs...
Thanksgiving came and went and now the market appears to be suffering from a turkey hangover--you know the ones, too much turkey and then sleepiness. However, at the end of trading today we started to see a rising trend develop...
The market didn't return from the holidays strong, it has been more like a hangover. We don't like the way the market is acting so while I have some good picks today, expanding your exposure right now is risky...
Today the Utilities Sector (XLU) 20-day EMA crossed up through the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. After reviewing the sector charts in this morning's DecisionPoint Trading Room, Utilities (XLU) looked the most favorable...
On this week's edition of The DecisionPoint Trading Room, Carl begins the Trading Room with a discussion on what falling wedge chart patterns are and why they have the expectation of an upside conclusion...
Market conditions are still gradually improving as the Dow Jones Industrial Average (DIA) and the Consumer Staples Sector (XLP) 50-day EMAs crossed up through their 200-day EMAs (Golden Cross), generating LT Trend Model BUY Signals...
Hope everyone had a lovely Thanksgiving! The market was rather quiet today--not surprise given the holiday yesterday. "Diamonds in the Rough" finished higher overall this week. This morning only one was trading lower. We actually finished the day with four trading lower...
Today the Industrial Sector (XLI) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY signal...
Today I relied primarily on our ETF Tracker to find picks. The scans really didn't produce much in the way of results so I spent the afternoon eye-balling our ETF Tracker list. The list is available to StockCharts subscribers if you want it...
Today the Industrial Select Sector SPDR (XLI) 50-day exponential moving average (EMA) crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY signal...
The rally was on today! You can see on the 5-minute candlestick below that once it started, it really didn't subside. Currently, the 5-minute RSI is overbought, but the 5-minute PMO is still on a crossover BUY signal...
Great day in the market, especially on holiday trading. Typically you see rather tame volatility. We did see very low volume so we should keep today's rally in perspective...
In John Mauldin's free newsletter, Thoughts from the Frontline, he stated in regards to the FTX failure, "There appears to be a great deal of contagion brewing. I think that FTX has the potential to be the biggest financial debacle of our lives...
On this week's edition of The DecisionPoint Trading Room, Carl starts the show with a look at Bitcoin alongside the market overview. Erin finds two sectors with promise, as well as a review of the groups within...
Today the Technology Sector (XLK) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY signal. It may be arriving a little too late as the market begins to slump. The technicals look okay. The RSI is positive and the PMO is rising...
We watch the 30-Year Fixed Mortgage Interest Rate because, for the most part, people buy homes based upon the maximum monthly payment they can afford. As rates rise, a fixed monthly payment will carry a smaller mortgage amount...