DP ALERT WEEKLY WRAP: Small-Caps Get On Board
Unlike the SPY, Small-Caps (IJR) finished the day higher on follow through from yesterday's rally. This breakout is coming out of symmetrical triangle that suggested we would see the breakout...
Unlike the SPY, Small-Caps (IJR) finished the day higher on follow through from yesterday's rally. This breakout is coming out of symmetrical triangle that suggested we would see the breakout...
Published on 2024-03-28T23:13:31Z by Erin Swenlin, Carl Swenlin
It was an excellent week for Diamonds in the Rough with our average being up +1.72% while the SPY was only up +0.36%. This is what we shoot for. The rest of the spreadsheet looks very positive as well with a handful of stocks up double digits...
Published on 2024-03-28T21:41:27Z by Erin Swenlin
The late Yale Hirsch (Stock Trader's Almanac) has long been known for identifying the six-month periods of positive and negative seasonality in the stock market. The positive period is November through April, and the negative period is May through October...
Published on 2024-03-28T18:51:32Z by Carl Swenlin
Today the Utilities Sector (XLU) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal on today's big rally...
Published on 2024-03-27T22:43:38Z by Erin Swenlin, Carl Swenlin
Thank you to those who sent in reader requests today, all two of you! I know the schedule change likely had an effect on getting them in a day early. I like today's choices, but two of them don't have good weekly charts...
Published on 2024-03-27T21:46:25Z by Erin Swenlin
We were perusing the Advance-Decline Line charts that we have and noticed something that surprised us. The Nasdaq Advance-Decline Line is trending lower while prices continue higher. This is negative divergence we didn't expect to see...
Published on 2024-03-26T23:30:27Z by Erin Swenlin, Carl Swenlin
We were perusing the Advance-Decline Line charts that we have and noticed something that surprised us. The Nasdaq Advance-Decline Line is trending lower while prices continue higher. This is negative divergence we didn't expect to see...
Published on 2024-03-26T22:44:46Z by Erin Swenlin
It was not a good day for the ETF scans. They came up mostly empty. My third selection today came from me hunting and playing hide and seek with our ETF Tracker ChartList (available to members). One of the themes today was Bonds ETFs...
Published on 2024-03-26T21:56:40Z by Erin Swenlin
The market opened with a gap down, continuing the decline that began the last five minutes of trading on Friday. The gap posed resistance for the market all through the trading day. When gaps are covered by price, you'll usually see follow through in that direction...
Published on 2024-03-25T23:48:10Z by Carl Swenlin, Erin Swenlin
I didn't realize this week was shortened until I'd already set the date for the Diamond Mine to Friday morning. The trading room will be moved to Thursday this week. As you can see you are getting a Monday report...
Published on 2024-03-25T22:35:23Z by Erin Swenlin
Today Carl and Erin reviewed the Boeing (BA) chart together discussing the technical ramifications of the step down of the CEO and two other board members. We do note that the CEO will finish out the year so problems could continue throughout the year...
Published on 2024-03-25T18:09Z by Erin Swenlin
Reddit Inc (RDDT) debuted yesterday to much fanfare. It opened with a bang shooting prices up over 20%, but since then it has cooled losing the original gains. IPOs are interesting animals...
Published on 2024-03-23T00:00:42Z by Erin Swenlin, Carl Swenlin
I discussed with you last Friday how I was unhappy with that week's picks. Most of them were in the negative. However, this week those "Diamonds in the Rough" have perked up with one position up over 14% and another up over 16%! I hope to see this week mature similarly...
Published on 2024-03-22T22:35:11Z by Erin Swenlin
One way to get the temperature of the broad market in general is to take a look at the NYSE. Today saw a nice rally, a rally that was larger than the SPX itself. New Highs have hit levels we have not seen in over two and half years...
Published on 2024-03-21T23:32:37Z by Erin Swenlin, Carl Swenlin
I only had three people submit reader requests today. I was able to take one from each of their selections. Feel free to send in one or more symbol requests by Thursday. It is more fun when I have a large group to choose from...
Published on 2024-03-21T22:27:27Z by Erin Swenlin
Today the iShares 20+ Year Bond ETF (TLT) 20-day EMA crossed down through the 50-day EMA (Dark Cross) below the 200-day EMA, generating an IT Trend Model SELL Signal...
Published on 2024-03-20T23:53:53Z by Erin Swenlin, Carl Swenlin
I run all my scans each day and it is always interesting to see which produce the best results. Today saw a plethora of PMO "surges" above the signal line and the PMO Crossover Scan came in big. I have one from each...
Published on 2024-03-20T22:44:39Z by Erin Swenlin
One thing we constantly say is that parabolic advances are hazardous to your health. What is a parabolic? It is when price advances at an ever-increasing rate of ascent because of a buying frenzy...
Published on 2024-03-19T23:30:37Z by Carl Swenlin, Erin Swenlin
I was mildly surprised today when many of the selections came from the Healthcare sector. This hasn't been a healthy area of the market to invest in (pun intended) and internals still aren't as favorable as I'd like but the stocks selected do look like leaders...
Published on 2024-03-19T22:39:21Z by Erin Swenlin
The market gapped up on a high note at the beginning of the trading day likely led by the news of an AI conference hosted by NVIDIA (NVDA)...
Published on 2024-03-18T23:12:04Z by Erin Swenlin, Carl Swenlin