Welcome to this holiday week Diamonds Recap. I hope everyone is having a wonderful Thanksgiving weekend! This week we get another prize for beating the SPY again. While that isn't the goal of DecisionPoint Diamonds, I always feel satisfaction when we do...
Today volume was well below average, so holiday trading has now begun after yesterday's high volume upside initiation climax. As I studied the 5-month candlestick chart of the SPY, I noticed a bullish ascending triangle...
(This article was published as a free article on StockCharts.com ChartWatchers blog.) We have all heard that "a rising tide raises all boats," and at DecisionPoint...
Despite this being a "holiday trading" week, the market and its participants haven't left for vacation yet. We had a high volume rally day...
The Diamond PMO Scan only produced two results. I always get concerned when this happens because it suggests there are not that many momentum trades available and that could signal market weakness. This is why I have more than one scan...
I decided to stay up late and do the DP Diamonds Report today instead of Wednesday to prep for Thanksgiving. I wavered somewhat as I sat down to write this given the late hour, but I knew I would be unhappy with myself on Wednesday if I didn't do it now...
The holiday trading week opened with the SPY higher on the day, but looking at the 5-month candlestick chart we see that overall, price is moving sideways. Volume was about average on the day...
In this episode of DecisionPoint, as we head into the holiday week, Carl and Erin talk about why the Dow sometimes seems to outperform the SPX (today was a great example!)...
We look at the 10-minute bar chart to understand the market gyrations of the week. The SPX has formed three trading ranges and price is set to test the bottom of the 'middle' trading range starting Monday...
The purpose of the Diamonds Report is to do the scanning for you, select candidates that are bullish based on the DecisionPoint Analysis Process and then explain the analysis...
I flipping through some of my indicator charts that I haven't looked at for at least a month. The chart that caught my eye today was our Rydex Ratio chart...
After sifting through the reader requests today, I decided that clearly great minds do think alike. I ran my scans and picked my "diamond in the rough" for today before sifting through the requests. One of today's reader requests was Big Five Sporting Goods (BGFV)...
I have a robust email box full of subscriber and viewer questions. I also get them during the free DecisionPoint Trading Room. It is my absolute pleasure to communicate with my subscribers (hence the trading rooms) so feel free to send me your questions...
Before I begin, I want to remind everyone to register for Friday's subscriber-only "Diamond Mine" trading room at the registration link provided below or here...
The lone SELL signals on the DecisionPoint Sector Signal table have been owned by the beat down Energy sector. Today I was finally able to replace the IT Trend Model SELL signal with a new BUY signal. You'll note that XLE's 20-EMA crossed above the 50-EMA or had a "Silver Cross"...
I had been wondering why I wasn't seeing many Energy sector stocks coming through on my scans when it occurred to me that except for a few bottom fishing scans, my regular scans all require the 50-EMA to be greater than the 200-EMA which means it would be on a "Golden Cross" as f...
In this episode of DecisionPoint, Carl and Erin follow up their discussion regarding very short-term initiation and buying climaxes that have occurred recently...
Today we had more climactic readings on our very short-term indicators. Friday's was clearly a buying initiation as prices popped today and new all-time high was logged. Who is supporting this rally as far as the sectors? Below I have the Sector RRG chart...
Energy was the big winner this week as it gapped up on the open Monday. Since then price has consolidated somewhat and could be forming a reverse island formation. Looking under the hood at our indicators for XLE, we have quite a few that are very overbought...
While we often see Diamonds outperform, this was a particularly good week for one of our Industrial sector picks. As far as our "Diamond of the Week" for free subscribers, Netflix (NFLX), it was up on the week and continues to hold important support...