A subscriber wrote to us and noted that we have the highest bull reading since 2018 on the American Association of Individual Investors (AAII) poll. Sentiment is contrarian, meaning when everyone is very bullish, it is likely time for a reversal or market top...
Excellent time in the Diamond Mine this morning! The recording is linked below. Additionally, I've posted next week's link. When you register, be sure to keep the receipt with the "join" information...
You may ask why I used the qualification of "the most overvalued advancing market...
It happened again today. The Volatility Index ($VIX) punctured the upper Bollinger Band on our inverted log scale. Why does this matter? Typically punctures of the upper Band precede declines...
It's Reader Request Day for Diamonds! I was proud and pleased when the requests came in and they were stocks that were already on my radar as they came up in scans this week. I've selected three requests and all of them were in my scan results this week...
The Communication Services Sector (XLC) has been rallying for about a week, moving toward new all-time highs. Today, XLC successfully broke out to new all-time highs alongside a brand new PMO crossover BUY signal...
Today, I ran a scan that I've not used in some time; not because it isn't a profitable one, but because many times I get too many choices or find that the stocks have had a strong rally day and could use a pullback...
The market was overheated and today it cooled its heels. The Swenlin Trading Oscillators (STOs) on the SPX are rising, but I thought I'd look at the STOs on a few other indexes for perspective. I wasn't thrilled with what I am seeing...
Today I hosted The Final Bar on StockChartsTV for David Keller who is current on vacation. Before the show I ran my Diamond PMO Scan and found a ton of symbols to review. I have picked my favorite three which includes two metals that you may or may not have considered previously...
In this episode of DecisionPoint, Carl and Erin review the surge to new all-time highs and reveal the indicators that are confirming this breakout. There are a few problem indicators, but in general the market is looking healthy. Hear their outlook for the SPY moving forward...
The SPY soared to new all-time highs. While the bullishness of the SPY will become apparent as I analyze it in today's report, I have some heartburn regarding the small-caps. They were up today +0.43%, but the SPY was up a full percentage point more at +1.44%...
All of our monthly charts went "final" after trading yesterday, so as part of today's Weekly Wrap, we'll be looking at all of them...
More all-time highs and a breakout has flipped the script on sector rotation. We are now seeing Technology back in the limelight. But that isn't the only sector enjoying the rally, Consumer Discretionary is back on track while Industrials and Materials are maintaining strength...
In this week's edition of Chartwise Women, with President Biden's infrastructure plan laid out, Erin and Mary Ellen share the stocks that are pivoting back into favor...
The market hit fresh all-time highs today which isn't completely surprising given the very positive Swenlin Trading Oscillators over the past week. However, not only the STOs, but many of our other indicators are now showing negative divergences with these all-time highs...
The market logged a new all-time high today with Technology and Consumer Discretionary leading the way. It appears these aggressive sectors are waking up again and could push the market even higher...
Gold plummeted today and that has it down -2.67% for the week. I decided to open with the weekly chart so we can see longer-term support levels. Currently price is seated right on support at about 1675. This is where it needs to rebound...
Thank you all for your patience as I took off Diamonds last week. It was a great mid-week retreat to wine country. We tasted some amazing reds and joined a couple of wine clubs...
In this episode of DecisionPoint, Erin flies solo and gives us an in-depth market review of the SPY, The Big Four (Dollar, Gold, Crude and Bonds) and a thorough sector review. As part of the sector review, she demonstrates how she mines for her "Diamond of the Week...
Today the PMO line on both the SPX and SPY crossed above its signal line which triggered new crossover BUY signals. The SPX wasn't the only new crossover BUY signal, the OEX also had a positive PMO crossover...