If you watch MarketWatchers LIVE regularly, you've probably heard about my new scan. I've found, especially when the market has a bearish bias, that my original Price Momentum Oscillator (PMO) scan wasn't producing any results. I consider this a caution flag before I get... READ MORE
Short-term signals on the DecisionPoint Scoreboards below certainly reflect the market's weakness this month. It would seem that we are bouncing at a critical juncture. The Materials SPDR (XLB) collected an Intermediate-Term Trend Model Neutral signal, which you'll see on the DP Sector Scoreboard. The DecisionPoint... READ MORE
At present, it appears that the DecisionPoint climactic indicator chart could be suggesting a possible buying initiation. This is tricky. With volatility so high right now, often what appears to be an initiation isn't always the case. Climactic readings can persist, as we've seen with the... READ MORE
Just a short note to alert readers to the two new Short-Term Trend Model Neutral signals on the NDX and OEX. These signals are triggered when the 5-EMA crosses below the 20-EMA while ABOVE the 50-EMA. If the crossover occurs BELOW the 50-EMA, then you have a STTM SELL signal.... READ MORE
The Dow Industrials generated a ST Trend Model Neutral signal yesterday. Now, the SPX joins in with its own STTM Neutral signal. XLE triggered a new IT Trend Model SELL signal, the first to appear on the DecisionPoint Sector Scoreboard in some time. Gold may be forming a bullish declining... READ MORE
Just a quick bulletin to let you know the Dow Industrials lost the Short-Term Trend Model BUY signal, meaning it has now moved to "Neutral." The 5-EMA crossed below the 20-EMA, which is what triggered the signal change. Had the negative crossover occurred BELOW the 50-EMA, it would... READ MORE
My dad, Carl Swenlin, was a guest on MarketWatchers LIVE last Wednesday (here is a link to that show). He brought in some DecisionPoint indicator charts that I hadn't looked at in quite some time (truth be told, he hadn't looked at them in awhile either)... READ MORE
The OEX hopped on board the SELL signal train as its Price Momentum Oscillator (PMO) crossed below its signal line, which triggered its own Short-Term PMO SELL Signal. A rising wedge was nearly executed today to the downside. The PMO was yanked below its signal line, which generated the SELL... READ MORE
The Dow flipped to a new PMO SELL signal on Monday; today, we saw the SPX and NDX join in. These are just more signs that the market is angling for a pullback or correction. We saw climactic readings on the VIX and breadth; additionally, the discounts on Sprott Physical... READ MORE
Since about the beginning of March, the SPX has been outperforming the Dow on an absolute basis. Looking at the December 26, 2018-April 30, 2019 PerfChart below,, the Dow is up just above 16%, which is certainly a win. However, the SPX, our benchmark, is up almost 20% from December... READ MORE
Naturally, right after I wrote a very bullish article, the market decided to humble me somewhat with a reversal today. Yesterday, I mentioned that all-time high price resistance is generally very difficult to break above decisively (3+%). After publishing, though, Carl pointed out to me that volume on yesterday'... READ MORE
I had a feeling we would see a whipsaw right after I switched the SPX Scoreboard to a Price Momentum Oscillator (PMO) SELL Signal. The margin was incredibly thin between the PMO and its signal line. With today's rally and the market making its way to a new... READ MORE
5G is the next generation of mobile broadband and will eventually replace (or augment) your 4G LTE connection. With 5G, we should see exponentially faster download and upload speeds. All eyes are now turning toward the companies that will help launch the advent of this exciting technology. I picked out... READ MORE
At this point in the week, the SPX is down about 0.23%. I suspect there will be more downside to endure going into the last half of the week. We don't talk about broadening patterns too much, but, in the very short-term, those are what I'... READ MORE
Today, DecisionPoint reported a new Intermediate-Term Trend Model Neutral signal on Gold to Timer Digest. The signal was triggered when the 20-EMA crossed below the 50-EMA. It wasn't a SELL signal, as the 20/50-EMA crossover occurred above the 200-EMA. Don't let the "neutral"... READ MORE
There are no changes this week on the DecisionPoint Scoreboards or on the DecisionPoint Sector Scoreboard. The market appears strong, but there are a few items under the hood I'm concerned about. Good news for Gold as it just triggered a Price Momentum Oscillator (PMO) BUY signal today.... READ MORE
While I maintain the DecisionPoint Scoreboard for the large-cap SPX, OEX, NDX and Dow, Carl maintains a DecisionPoint "Sector" Scoreboard. On Friday's DecisionPoint show (which airs Fridays at 4:30p EST on StockCharts TV), Carl and I pointed out that the Materials sector triggered a new... READ MORE
Yesterday, the NDX started the PMO BUY signal party by adding the first Short-Term PMO BUY signal. Today, the other three indexes clicked ST PMO BUY signals as well. Below the Scoreboard are the charts of each signal. The Dow is struggling with overhead resistance. The NDX had a convincing... READ MORE
The OEX and Dow lost short-term BUY signals on Monday and the NDX followed today, having switched out of a ST PMO BUY signal. I thought it was time to do a review of the Scoreboard indexes, so their charts are below. Additionally, you'll find my regular mid-week... READ MORE
The Price Momentum Oscillator (PMO) has topped underneath the signal line, something I consider especially bearish in the short term. Our short-term indicators have presented another "attention flag" divergence, which could be pointing to a more lasting decline. Today, the Dollar broke down dramatically on the heels of... READ MORE
I have a chart at the bottom of this article that will explain my moving out of the bear market camp. Yes, it is delayed, but, as I explained before the December crash, I'd rather miss a bottom and rally than be hanging on for dear life during... READ MORE
We have a new signal to add to the DecisionPoint Scoreboards, as the OEX triggered a Long-Term BUY signal on Monday. All of the large-cap Scoreboard indexes are now on Trend Model BUY signals in three timeframes. Additionally, we acquired two new BUY signals on Oil and Bonds, which I&... READ MORE
This will be fairly brief today, as I am in the process of moving to a new home and it's a bit crazy over here. It's important to note the new ST PMO BUY signal, which occurred on a PMO positive crossover on the SPX daily... READ MORE
The new Long-Term Trend Model (LTTM) BUY signals triggered on the SPX yesterday (3/4) and on the NDX today (3/5). We are probably seeing these just in time for a pullback or correction ahead. The Dow seems to agree, as it generated a new ST PMO SELL signal.... READ MORE
While comparing the relative performance of the OEX, IJH and IWM to the SPX, I found an attention flag. The market is very overbought, with momentum indicators rolling over in overbought territory. The same thing goes for all the sectors. A CandleGlance of the sector SPDRs and SPX are all... READ MORE
In mid-week DP Alerts, I generally only review the SPX, as it is a Scoreboard index. However, DecisionPoint signals are reported to Timer Digest based on the SPY. Yesterday, the SPY generated a Long-Term Trend Model (LTTM) BUY signal. The SPX still has some ground to cover before it can... READ MORE
Today, we had two important signal changes. First, on the Dow Industrials, a LT Trend Model BUY signal triggered as the 50-EMA crossed above the 200-EMA. Second, USO generated an IT Trend Model BUY signal. I imagine the first question that will be asked about this new LT BUY signal... READ MORE
During today's DecisionPoint show on StockCharts TV (airing Fridays at 4:30p EST), Carl and I discussed how, while we're still bearish, there are signs of improvement. The main problem will be getting too overbought. Three signs of definite improvement are the two new IT Price... READ MORE
No changes to the DecisionPoint Scoreboards today. My concern now rests on the new bearish rising wedge that has appeared on the SPX chart. Not all of the indicators are confirming the recent rally. The newest change to the DecisionPoint Sector Scoreboard was an IT Trend Model BUY on the... READ MORE
Yesterday, I wrote about the new IT Trend Model BUY signals that are now resident on all four Scoreboards. I also noted that what used to be bearish rising wedges have become rising trend channels. Today, the Dollar posted an ST PMO BUY signal, an ST Trend Model BUY signal... READ MORE
Just a quick bulletin to let you know that the SPX, OEX and NDX have triggered new IT Trend Model BUY signals. Though Dow got off to a head start, they are now all in line. The weekly PMO determines the IT PMO signal, which are not quite close enough... READ MORE
Today, we had a new Intermediate-Term Trend Model (ITTM) BUY signal trigger on the Dow Industrials ($INDU). Additionally, the SPY (which is not on the Scoreboards) triggered a new ITTM BUY signal as well. Be sure to read Carl's DP Weekly Wrap for this week to read about... READ MORE
The market rallied nicely this morning. It started by pulling back slightly, before the less hawkish announcement that came out of the FOMC resulted in the rally pushing higher. DecisionPoint Scoreboards point to short-term strength, with BUY signals in the short term. The IT Trend Model BUY signal became official... READ MORE
Last week, the Consumer Discretionary/Cyclicals SPDR posted a new Intermediate-Term Trend Model (ITTM) BUY signal. Today, the Financial SPDR (XLF) joined in with its own ITTM BUY signal. In the long term, we can see that the only sectors with Long-Term Trend Model (LTTM) BUY signals are the defensive... READ MORE
The DecisionPoint Scoreboards are all bullish in the short term. The bearish rising wedge executed yesterday and the indicators are supporting a decline in the shorter term. The DecisionPoint Alert presents a mid-week assessment of the trend and condition of the stock market (S&P 500), the U.S.... READ MORE
Sector rotation continues to favor the defensive sectors of Health Care, Consumer Staples, Real Estate and Utilities. Some of the more aggressive sectors are perking up now, with Financials actually making the biggest gain of the past month. Utilities in that same timeframe haven't done so much, but,... READ MORE
Right now, our short-term indicators (and even our climactic ones) are suggesting decline. The rising wedge formation on the SPX is quite bearish, but I also see it as being "mature." This means that price is getting very close to the apex of the wedge. I'll... READ MORE
I decided to review the Sector Summary, Sector CandleGlance Charts and our DP Sector Scoreboard to see which sector(s) were "winners." In all honesty, depending on the timeframe, various sectors rein supreme. However, there is one particular sector that has performed well across all timeframes. Let'... READ MORE
I took a peek at these new Short-Term Trend Model (STTM) BUY signals on the DP Scoreboards. After view the charts, I came to the conclusion that, as Pat Benatar once put it, "It's a little too little, it's a little too late." If... READ MORE
A few months ago, a viewer of MarketWatchers LIVE commented that, when I talk about my Climactic Indicator chart which includes both breadth and the $VIX, it often sounds like "vixen breath". I promised viewers today that I would write about my thoughts on these climactic indicators, so... READ MORE