The bullish results for my scans are thinning quite a bit. Today, the Diamond Scan produced 18 results while the Diamond Dog Scan produced 119. That's a small increase for the bulls (+8) and a slight decrease (-16) for bears. However, I got 16 results from the WealthWise... READ MORE
The bullish results for my scans are thinning quite a bit. Today, the Diamond Scan produced 10 results while the Diamond Dog Scan produced 135. The market is weak and, consequently, the pockets of strength tend to be in the defensive sectors. For today's piece, I have three... READ MORE
Technology has continued to underperform the SPX, so it shouldn't surprise anyone that a Price Momentum Oscillator (PMO) SELL signal triggered on the NDX. The chart is below the Scoreboards. Gold topped today, with it now looking like a possible head-and-shoulders reversal pattern. Meanwhile, the Dollar meanders in... READ MORE
When going through my Diamond scans, I realized that the bearish scan was searching on a larger domain than the bullish scan, so I adjusted it. But the bearish scan is still showing many more results. Diamond PMO Scan (bullish) versus the Diamond Dogs PMO Scan (bearish) showed an increase... READ MORE
Today, I ran my Diamond PMO Scan (bullish) as well as my Diamond Dogs PMO Scan (bearish) and found they are the inverse of each other. Essentially, they shave the strong momentum performers off the top and scrape the bottom for the dogs. Today, we saw 23 bullish stocks versus... READ MORE
Like yesterday, I ran my bullish PMO scan followed by the "inverse" Scan for Dogs. Yesterday, the results were 19 and 70, respectively. Today, I had only 11 bullish candidates and 111 bearish candidates. It seemed that it would be better to look at shorting opportunities. Yesterday, I... READ MORE
After challenging the all-time highs, the market has continued to chop along. In spite of a lackluster few weeks, the weekly Price Momentum Oscillator (PMO) managed to cross above its signal line on both the SPX and OEX, while the Dow is just about there. The surprise to me was... READ MORE
I discovered an interesting phenomenon today. When I ran my general Price Momentum Oscillator (PMO) scan, I got 19 results. That's more than we've seen the last few days, but then I decided I'd also run my Scan for Dogs, which is basically the... READ MORE
The General Price Momentum Oscillator (PMO) scan threw 12 stocks at me today. We're still not seeing huge numbers coming in on these scans, which tells me to proceed with caution. Additionally, it's been interesting to see so many Industrials and REITs in the results. Today,... READ MORE
The DecisionPoint indicators help give us some insight into the condition of the market. The present short-term indicator deterioration is bearish, and the very overbought readings on our ITBM and ITVM suggest lower prices ahead. Currently, the trend of the markets is bullish, with all three of our trend models... READ MORE
My Price Momentum Oscillator (PMO) scan is still not providing too many choices; the ones that are appearing are in defensive categories. This always makes me suspicious of market conditions. Despite the SPX rising to new all-time highs, I'm only seeing around 8-11 results. I did get two... READ MORE
I've been running my "Momentum Sleepers" scan daily in the hopes of catching some stocks that are building momentum underneath the surface. These are mostly beat-down stocks, but volume and momentum are beginning to improve. I use a "speedy" Price Momentum Oscillator (PMO) and... READ MORE
Today, I ran a variety of scans, but the results are mostly from my "Bullish EMA - Mid-Range SCTR" scan, which nearly always gives me a lot of results. Today was no exception. I had 82 results! My other scans just weren't returning the set-ups I... READ MORE
Today, I ran the WealthWise Women "Pink Line" scan, which uses the 50-SMA and a Chandelier Exit to determine entries and exits. Many times, these stocks will have "popped" on the day I get the results for this scan, so these all did have big moves... READ MORE
Today I used my general Price Momentum Oscillator (PMO) scan to find my "diamonds in the rough." As it turned out, there were only ten results, which tells me that it may not be the best time to take on new longs. However, these stocks are showing some... READ MORE
Welcome to the "DecisionPoint Daily Diamonds", a newsletter in which we highlight five "diamonds in the rough," taken from the results of one of my DecisionPoint scans. Remember, these are not recommendations to buy or sell, but stocks that I found interesting. The objective is to... READ MORE
Very soon, I will be launching a daily newsletter for DecisionPoint that will give you some stocks that have presented themselves in one of my many DecisionPoint scans. I do the analysis so you don't have to. I don't make trading recommendations, and certainly no promises... READ MORE
The NDX scored a PMO BUY signal, lagging slightly behind the other three Scoreboard indexes. Below the Scoreboards, I have included not only the NDX but also the other three Scoreboard indexes (SPX, OEX and INDU), as "solid line" charts rather than OHLC bars. I was curious to... READ MORE
The DecisionPoint Scoreboards are still very bearish; in spite of a recovery this week so far (1.43% higher for the SPX), the charts aren't favorable. I've analyzed volatility, breadth and our indicators and was only able to find one note of positivity. At this point,... READ MORE
Last week, Mary Ellen McGonagle and I had the pleasure of speaking at The Money Show as part of the "Women on Wealth" panel, where we discussed how we can bring women to the "investment table" through education, engagement and empowerment. The presentation was unexpectedly powerful... READ MORE
The market continues to churn and consolidate sideways this week. The good news is that our indicators are starting to perk up. As of last Friday, the Dow generated a new IT Price Momentum Oscillator (PMO) SELL signal. Basically, the weekly PMO dropped below its signal on Friday. Amazingly, the... READ MORE
The market has been flinging us around a lot this past week. I had been looking for a better bounce off the 200-EMA than we got; usually we use the term "dead cat" bounce, but in this case it was so small that I call it a "... READ MORE
John Murphy joined us on MarketWatchers LIVE on Thursday (8/8/19) and showed us some very interesting charts on the Sector SPDRs. The deterioration of nearly all of them prompted me to look at them using the Price Momentum Oscillator (PMO) in CandleGlance. Let's start by looking... READ MORE
It's been a difficult week for the markets since the last publication of the Mid-Week Alert and the knife is falling fast. However, I'm putting my hands out there right now to catch it based on signs of life on our short-term indicators. The market is... READ MORE
While the Fed didn't do anything unexpected, market participants were not excited about the language of Chairman Powell. The 10-minute bar chart below shows the spike in volume that finished the day, which is the biggest volume finish in the past two weeks. The question is whether it... READ MORE
On today's DecisionPoint show, we looked at some of the intermediate-term analysis charts and found some disturbing negative divergences. Below are the charts you need to see. Starting off with the NYSE Composite, price has been flat, which explains the flat reading for percent above 200-EMA. However, there... READ MORE
Last week, I wrote about the bearishness of our indicators, excepting our very short-term analysis of breadth and the $VIX, which were pointing to higher prices this week. Well, there's been a character change on our short- and intermediate-term indicators that you should see. There were no real... READ MORE
Chartwise Women is a new show on StockCharts TV featuring myself and Mary Ellen McGonagle. Our mission is encompassed in three "E's": Engagement, Education and Empowerment. During each show, we talk conversationally about our "Wisdom of the Week", followed by "What's... READ MORE
Sometimes, you get more than you bargained for. That said, you stand a much better chance of finding those successful (and many times parabolic) stocks when you start with a good analysis process. The DecisionPoint Analysis Process does just that. I find my prospective investments using various technical scans, but... READ MORE
Be prepared! I have a plethora of charts this week to share that focus only on the S&P 600. If you look closely, you can see that, even before the last two days of an impressive rally, the indicators were already suggesting a renewed interest in small-cap stocks.... READ MORE
The market has cooled this week. There are no changes on the DP Scoreboard indexes, nor on the Sector Scoreboard. Indicators are starting to look worrisome, but we do need to see some digestion of last week's rally. Gold has been on fire! I'm starting to... READ MORE
Yesterday, in a DP Bulletin, I covered the new IT BUY signals on the NDX and Dow. We should soon see the Dow's weekly PMO click a new IT BUY signal. That would only leave the Long-Term PMO SELL signals that still linger on the monthly charts. Indicators,... READ MORE
More changes to report on the DP Scoreboards, as well as a pending signal. Both the NDX and Dow Industrials garnered IT Trend Model BUY signals when the 20-EMA crossed above the 50-EMA for both. You'll note that the Dow is the only one left out on the... READ MORE
Viewers of MarketWatchers LIVE know how much I rely on my scans to find all those interesting symbols I review. In a ChartWatchers article last month, I shared my new favorite scan (Bullish EMA | Midrange SCTR), where I adjusted my time-tested "scan to rule them all" and found... READ MORE
Today's Scoreboard shows a few changes, but I'm afraid these new BUY signals are arriving late. The NDX finally caught up with short-term BUY signals, and today we saw the SPX click a new IT Trend Model BUY signal when the 20-EMA crossed above the 50-EMA.... READ MORE
On Friday, $INDU logged both a Short-Term Trend Model BUY Signal and a Price Momentum Oscillator (PMO) BUY signal. Today, the SPX and OEX joined the party. The NDX is extraordinarily close to those same BUY signals and should switch tomorrow. Notice that, on price, today's high pierced... READ MORE
The number I've heard tossed around over the past few weeks regarding a gold rally is a move to $1340. Well, in just a few days, we have popped above that, and the chart suggests we will continue to see more rallying. This week's climactic indicator... READ MORE
This week, all four of the Scoreboard indexes (SPX, OEX, NDX, Dow) switched to IT Trend Model Neutral signals. This is just added insult to injury, given the ST Neutral and SELL signals that posted earlier this month. Today, the Dow lost its IT Price Momentum Oscillator (PMO) BUY signal.... READ MORE
I was somewhat surprised that the SPX, NDX and OEX did not lose their IT Trend Model BUY signals today. However, I would look for those signal changes tomorrow after the close. In order to avoid these Neutral signals, price would need to climb above the 50-EMA. As you can... READ MORE
No changes on the DecisionPoint Scoreboards. The short-term is still weak; our short-term Swenlin Trading Oscillators turned down this week after barely reaching positive territory. TLT rallied further but was unable to push past strong resistance at the March high. The DP Mid-Week Review presents a mid-week assessment of the... READ MORE