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Today the Health Care Sector (XLV) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. Today's rally did come off support, but this sector has been in decline for some time which is why we see such poor participation readings...

Published on 2024-12-21T00:09:34Z by Carl Swenlin, Erin Swenlin

The SPY was hit hard on Wednesday and it changed the face of the market to negative. However, today we saw a healthy snapback that has all of wondering if the decline is already over...

Published on 2024-12-20T22:30:57Z by Erin Swenlin

Nearly all of our charts currently show deeply oversold conditions. While this is usually a good thing, in a market downturn, it isn't necessarily your friend. As you can guess, we believe that Wednesday's big decline was the beginning of something more serious...

Published on 2024-12-20T19:15:03Z by Erin Swenlin

Today the Semiconductor ETF (SMH) 20-day EMA crossed down through the 50-day EMA (Dark Cross), above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal. Yes, again! This is the fifth IT Trend Model signal change within the last four weeks--the seventh in six months...

Published on 2024-12-19T23:37:17Z by Carl Swenlin, Erin Swenlin

We got the snapback that I did not expect today as bargain hunters entered the arena. I don't believe this will last. Readers came up empty. I had four requests, but I wasn't enamored of the charts. Three out of the four had declining PMOs...

Published on 2024-12-19T22:46:08Z by Erin Swenlin

The Fed cut rates another 25 basis points but expressed some hawkishness regarding future cuts. The market didn't like that and began selling off...

Published on 2024-12-18T23:45:57Z by Erin Swenlin, Carl Swenlin

So much for Santa Claus keeping the market elevated. We could be in for more bloodbath before Christmas given the deep decline we experienced today on hawkish guidance for next year by the Fed...

Published on 2024-12-18T22:43:51Z by Erin Swenlin

Today the Energy Sector ETF (XLE) 20-day EMA crossed down through the 50-day EMA (Dark Cross), above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal. We're seeing a virtually uninterrupted decline from the November top, which is the top of a wide trading range...

Published on 2024-12-18T00:16:38Z by Carl Swenlin, Erin Swenlin

The scans are really struggling to produce "Diamonds in the Rough", but I did manage to find some good looking candidates for your review. In general I would say the market will likely inch higher or sideways through the end of the month. January will not be good so buckle up...

Published on 2024-12-17T23:27:55Z by Erin Swenlin

Today the Semiconductor (SMH) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. This is the fourth signal in less than three weeks, generated by the movement of SMH within a very narrow range...

Published on 2024-12-16T23:43:08Z by Carl Swenlin, Erin Swenlin

Today Erin looks at the Broadcom (AVGO) chart and compares it to the NVIDIA (NVDA) chart...

Published on 2024-12-16T19:08:21Z by Erin Swenlin

Today the 20+ Year Treasury Bond ETF (TLT) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. Unfortunately, this is another case of whipsaw-- the third LT signal change in four weeks--and it confuses rather than clarifies...

Published on 2024-12-14T00:16:02Z by Carl Swenlin, Erin Swenlin

Well it was pretty obvious on the spreadsheet that the market was down four out of the last five trading days. The spreadsheet definitely suffered. We had three stops hit this week and one for the week before...

Published on 2024-12-13T22:53:34Z by Erin Swenlin

After the November pullback, GLD began to rally again. This week, on Wednesday, price exceeded the nearest November top, which made official the new rising trend from the November low...

Published on 2024-12-13T21:34:34Z by Carl Swenlin

SPY 10-Minute Chart: Yesterday's gap up on rate cut optimism was countered today by inflation fears (so they say). The result is an island reversal, which implies more downside to come. Selling picked up into the close...

Published on 2024-12-12T23:47:52Z by Carl Swenlin, Erin Swenlin

Thank you as usual to the usual suspects that sent in symbol requests today. There weren't many to choose from but I can see why when I look at the slim results I keep seeing on my Diamonds scans. In any case, I was able to find three symbols that look very interesting...

Published on 2024-12-12T22:51:58Z by Erin Swenlin

Today on Silver (SLV), the 20-day EMA crossed above the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. SLV has been in a nice rising trend for some time. The PMO is on a new Crossover BUY Signal as well...

Published on 2024-12-12T00:20:32Z by Erin Swenlin, Carl Swenlin

Yesterday I didn't get many symbols out of my scans and was left with a handful of okay stocks not great ones. Well, one of them underwent a price shock today. Yahoo Finance had news that Bausch and Lomb (BLCO) had some kind of acquired a new company, Elios Vision...

Published on 2024-12-11T23:24:07Z by Erin Swenlin

Today the Semiconductor ETF (SMH) 20-day EMA crossed down through the 50-day EMA (Dark Cross), above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal. If this chart seems familiar, that is because this is the third signal change in two weeks...

Published on 2024-12-10T23:58:38Z by Carl Swenlin, Erin Swenlin

The amount of results from Diamond Scans is thinning out. Two of my scans only turned up one symbol each. Consequently, I expanded the universe I was searching on (I usually only do SP1500, Dow 65 and NDX) and it did get me a few more symbols to look at...

Published on 2024-12-10T23:00:46Z by Erin Swenlin