Another week has passed and the market isn't really showing its hand. Momentum is slowing, but we haven't seen any serious pullbacks. I have been suspicious of this market since the breakout to new all-time highs, given the soft breadth numbers and the lack of positive... READ MORE
I am finding that I get "repeats" in my scan results of stocks that I've already presented to you in recent Diamond Reports. For example, Microsoft (MSFT) and Deckers Outdoor (DECK) have found their way into today's results, but I wrote about each within... READ MORE
I would like to thank all of our veterans for their service in recognition of Veterans' Day (which was yesterday), particularly my father, who is a 20-year veteran of the USAF. As a veteran myself, I decided to take yesterday off from writing. Today's "diamonds in... READ MORE
In this episode of DecisionPoint, Carl and Erin review the action of the S&P 500 in depth, covering the climactic and short-term indicator divergences as the market climbs. (There are problems that cannot be ignored, but they are more subtle.) Carl presents his Yield Array and sees activity... READ MORE
I follow the Dollar and UUP, the companion ETF, as part of the "Big Four" in the DecisionPoint Alert. (Carl follows it as well in his Friday Weekly Wrap.) I wrote yesterday that it was looking good; today, it was among my scan results with two new BUY... READ MORE
Last Friday, all four indexes on the Scoreboards had weekly PMO crossover BUY signals. It is hard to argue a Scoreboard that is this positive, but I still see a few problems that I'll talk about further. Carl and I discussed a new version of the Swenlin Trading... READ MORE
It isn't always the case, but today I had a few "big" large-cap names hit my scans that I think could be "diamonds in the rough." At the same time, though, I had a very low-volume stock hit the radar among these giants. I&... READ MORE
Today, the Energy ETF (XLE) triggered a new Intermediate-Term Trend Model BUY signal for the first time in months. I was already seeing more energy-related stocks in my DecisionPoint scans, so I wasn't totally surprised to see that the sector is appearing to make a comeback. It has... READ MORE
In this episode of DecisionPoint, Carl and Erin talk about the negative divergences on the Swenlin Trading Oscillators. Afterwards, they dig into what the believe could be the next "bubble" - ETFs. Despite being excellent vehicles for trading, indexed ETFs could be pushing the stock market toward the... READ MORE
Today was a mixed bag as far as today's Diamonds were concerned. I ran quite a few scans, but wasn't particularly excited about many of the results. I was persistent, however, and found a handful that do look very interesting. Notably, I have three Energy stocks... READ MORE
Today saw fresh all-time highs hit on most of the broad market indexes. The weekly Price Momentum Oscillators (PMOs) just generated new Intermediate-Term BUY signals on all four DecisionPoint Scoreboard indexes (SPX, NDX, Dow and OEX). These signals are triggered when the weekly PMO crosses above its signal line on... READ MORE
It was a spooky Halloween WealthWise Women show today and, as part of the program, we played "Trick or Treat?" with securities. One of the agreed upon "treats" was Merck (MRK), which came up in my scan today as well as hitting Mary Ellen McGonagle'... READ MORE
I honestly don't keep track of all of the Diamonds that I present, but now and then I am sure that there are repeats. Three of today's Diamonds were reported to you in the past; obviously they've continued to perform or else they wouldn&... READ MORE
The market continues to reach new all-time highs, but DecisionPoint remains cautious. The negative divergences on our Swenlin Trading Oscillators (STOs) is concerning and tempers the euphoria of reaching those all-time highs. Volume has been under the annual average and the Silver and Gold Cross Indexes tell us that less... READ MORE
There were only three results on today's Diamond Scan, but I actually decided that all three passed muster. I ran a few other scans and Microsoft ("Mr. Softy" as Tom Bowley used to call it on MarketWatchers) made an appearance. I took a look at the... READ MORE
Today was an exciting day as new all-time highs were hit on many of the broad market indexes. I was salivating waiting to see what my Diamond Scan results would be! To my surprise, I only had four results. Meanwhile, the bearish Diamond Dog Scan produced 8 results. So, on... READ MORE
In this episode of DecisionPoint, Carl and Erin discussed the new all-time highs that broad markets accomplished today, but found that breadth was wanting. Volume was also suspect; a look at DP Short-Term indicators revealed serious negative divergences. Carl discussed wildfires and Generac Holdings (GNRC) and why it is prospering.... READ MORE
I found more "Momentum Sleepers" today with the scan of the same name. Quite a few have weekly charts that are encouraging. So, even though the stocks on this scan are "beat down" and likely best for shorter-term investors, I found stocks with bullish weekly charts... READ MORE
It was a new top on the SPX as today's intraday was below yesterday's. This makes the third top of a possible triple-top, but, whether that pattern appears or not, this last price top is lower than the previous two. I am still considering the possibility... READ MORE
I ran my Momentum Sleepers Scan today. I previously found this one to be quite successful in the short-term on MarketWatchers LIVE. There appears to be momentum under the surface of some very rough diamonds. I'll tell you up front that the weekly charts for these stocks aren&... READ MORE
Recently, I received an email from a reader who basically said he found that, if he traded in a bull market, he made money, whereas when he traded in a choppy or bear market, he lost money. The lesson learned is that, despite the best attempts to find the best... READ MORE
Scan results were a mixed bag of different sectors today. The charts that I found the most interesting were those that had some bullish flag formations. Not every stock today is showing that bull flag formation, but the others still look enticing. I'm personally holding off on adding... READ MORE
In this episode of DecisionPoint, Erin covered the major indexes and DP indicators, taking a deeper look at the Rydex Ratio (which is showing very bearish sentiment in place). Meanwhile, with this week marking the anniversary of both the 1929 and 1987 market crashes, Carl took us back in time... READ MORE
I've begun to incorporate the weekly charts in the Diamond Reports. When I get a large amount of scan results, I find that it helps to narrow down the field by looking at a CandleGlance of the entire list and deleting the obvious "not ready for primetime&... READ MORE
The "Chart Breakouts" Scan returned about nine different home builder stocks. I didn't care for all of them, but I did pick out three for your review. This scan generally pulls stocks that had monster days. Consequently, you may need to wait for a pullback to... READ MORE
It's only Wednesday, but we've already had quite a few Scoreboard changes this week - BUY signals all around. The Scoreboards would suggest all-time highs should be no sweat, but the short-term indicators aren't on board with that analysis. The VIX is also beginning... READ MORE
In this week's episode of DecisionPoint, Carl spent a few minutes analyzing a six-month chart of the SPX, after which Erin and Carl discussed the lack of support this recent rally is showing. Erin followed up with sentiment and DecisionPoint indicators, while Carl took his discussion of the... READ MORE
Today, I had a plethora of results from my DP Diamond Scan - 83, to be exact! So it took me a bit longer to find today's diamonds, as I studied not only the daily and weekly charts but also seasonality in order to pare down to the... READ MORE
In today's Diamond Report, I decided to look at only three stocks as I want to discuss not only their daily charts, but their weekly charts as well. Seeing strength in both timeframes can provide the option to trade in the shorter term or in the longer term.... READ MORE
In yesterday's DP Alert Mid-Week, I discussing the bullish prospects for Gold moving forward. Consequently, it was not surprising to see some Gold stocks on my various scans. I have a couple of these listed below, along with a semiconductor and solar company. The market is still quite... READ MORE
The Diamond Scan presented only six candidates for review, one of which I wrote about yesterday (COST). I opted to run one of my less restrictive scans to see if there were a few hiding out there that my Diamond Scan doesn't normally pick out. That gave me... READ MORE
We had a great rally in the markets today, but the DP Scoreboards clearly tell the tale that problems remain. In fact, yesterday we got an Intermediate-Term Trend Model Neutral signal on the NDX - and we will see the same signals on the other three shortly. These signals are... READ MORE
I have decided to add my own (not yet charted) Diamond Index section as part of the Market Outlook section below. Basically, I will list the number of results that the Diamond Scan (formerly my General PMO Scan) returns, as well as the inverse Diamond Dog Scan. I then calculate... READ MORE
In this week's episode of DecisionPoint, Erin reviewed the major market indexes as well as the DecisionPoint indicators. Meanwhile, Carl added the Percent of Stocks Below their 20-EMA and the Silver Cross Index on our standard indicator charts. It made it quite clear that not all companies participated... READ MORE
It was interesting to look at the results of the Diamond and Diamond Dog Scans today, where we had 16 bullish results and only 32 bearish results. If you recall, for the past few weeks, I've been seeing far more bearish results. I'm starting to track... READ MORE
About two weeks ago, my dad, Carl, pointed out that the FAANG stocks were forming some "impressive" bearish topping formations. I took a look and I have to agree. Despite a blow-out rally today, we both believe there is still trouble ahead. These charts in particular concern us,... READ MORE
I've seen this happen a few times. Today, I ran my Diamond PMO Scan and received 30 results that were ALL Bond ETFs. Rather than put those in, I decided, given the market environment, that I would give you some shorting opportunities. There were plenty to choose from... READ MORE
The newly minted "Golden Cross Index" and "Silver Cross Index" had negative crossovers today. I noticed that these negative crossovers tend to have serious consequences when the "stars" align on the Golden/Silver Cross Index and PMO indicators. This is in conjunction with all... READ MORE
We certainly had an improvement in Diamond Scan results, as I saw 18 v 11 on Friday and only 90 on the Diamond Dog Scan. Also of interest, the Dogs that presented themselves showed minimal results for Utilities, Consumer Staples and Real Estate (a total of 9 of the 90)... READ MORE
My bullish scans continue to provide a small amount of results. Today, the Diamond Scan revealed 11 results, which is down from the 18 I had yesterday. The Diamond Dog Scan continues to produce numerous shorts. Today, there were 138, which is up from 119 yesterday. I decided I wanted... READ MORE