As of today's market close, all four Scoreboards have moved back to PMO SELL signals. The OEX was the first to go on Thursday, followed by the SPX and NDX on Friday and the Dow today. Below are the daily charts for all four indexes with the new... READ MORE
The market in general is pulling back since making all-time highs last week so it isn't surprising to see PMOs now in decline. The OEX couldn't hold on to its PMO BUY signal and I suspect another decline will start flipping the other three indexes'... READ MORE
The DecisionPoint Scoreboards remain completely green, meaning all four indexes are on BUY signals in all three timeframes as far as price trend and condition. While it seems a condition we would want to celebrate, it suggests to me that the market is overextended. The consolidation and small decline on... READ MORE
There were some new developments on the 20-year Bond ETF (TLT) that are tipping the scales bearish. We were already noticing some problems for Bonds in general, but volatile trading had made it difficult to decipher. Today there is no denying the negative bias as both a Short-Term Trend Model... READ MORE
The market made new all-time highs this week, but with the upcoming holiday and short trading week, look for consolidation or continued sell-off. The indicators in the very short term and short term are suggesting a selling initiation. Add to that the highly bullish sentiment charts and it spells weakness... READ MORE
The last time all four of the DecisionPoint Scoreboards were completely "green" (or on BUY signals in all three time frames as far as price trend and momentum/condition) was back on 11/6/2017. It lasted only ONE day when the SPX whipsawed back into a PMO... READ MORE
On Friday, the Dow finally saw its weekly PMO cross above its signal line and trigger a long awaited BUY signal. The SPX also added a new PMO BUY signal on its daily chart on Friday. Today, the OEX generated a ST PMO BUY signal. I had thought the NDX... READ MORE
Today I was alerted to a new Short-Term Trend Model BUY signal on USO. This signal is triggered when the 5-EMA crosses above the 20-EMA. When I went to take a look at the chart, I noted some very bullish characteristics that I thought I'd share. You'... READ MORE
We've now entered the longest bull market on record when counted from the 2009 lows to the highs of yesterday. While there are mixed opinions whether it will hold up much longer, our DP Scoreboards and intermediate-term indicators are still far too bullish to put me in the... READ MORE
The NDX's PMO is still in decline. The SPX and OEX have rising PMOs, but no short-term PMO BUY signals. However, the Dow has recaptured its PMO BUY signal on the daily chart. The Dow may seem to be recovering more quickly, but honestly it didn't... READ MORE
This week the market was rocking and rolling with large price swings. The DecisionPoint Scoreboards reflect new negative momentum for each of the indexes, but after logging those Price Momentum Oscillator (PMO) SELL signals, the market did an about-face and began to pull PMOs back up or slow their descent.... READ MORE
The DecisionPoint Scoreboards are nearly all "green" with BUY signals. Today the NDX completed its green Scoreboard with a PMO BUY signal on the daily chart. The Technology Sector (XLK) and the NDX ETF (QQQ) also logged new Short-Term PMO BUY signals. It appears the tech sector is... READ MORE
Yesterday's breakout on UUP was impressive and although the Dollar pulled back slightly today, it didn't matter to the Price Momentum Oscillator (PMO) as it crossed its signal line and triggered a BUY signal. While studying the OHLC chart for UUP, I realized if I looked... READ MORE
The ST Trend Model Neutral signal that the NDX carried for a few days gave way to a new BUY signal as the 5-EMA launched above the 20-EMA on today's strong rally. I've annotated the change on the DecisionPoint Scoreboards below. TLT triggered a Long-Term Trend... READ MORE
The monthly charts 'went final' yesterday after the market closed, so it's time to review and prepare for next month. I highly recommend you check out the video version on today's MarketWatchers LIVE show where I had more time and space to discuss. The... READ MORE
The DecisionPoint Scoreboards were blemished by the loss of the green BUY signals on the NDX. The weekly PMO on the Dow has been holding out for awhile, but it is rising suggesting momentum is still positive in the intermediate term. Not to be alarmist, but the NDX has reached... READ MORE
The weekly PMO BUY signal was missed by only .02 points last week, but this week it managed to log it. The Dow now remains as the only Scoreboard with a "red arrow" or SELL signal. You'll see on the weekly chart that it is nearing... READ MORE
Dominating the news today is Facebook and its crash to earth in one day, finishing the day down almost 20%. This has been a strong stock in a strong sector, but a poor earnings report took down Facebook, and also took down the NDX about 1.45% as investors were... READ MORE
New trade deals were announced regarding US-EU tariffs and that seems to have given the market an adrenaline shot. However, on the flip side, Facebook's earnings report miss is wreaking havoc on after hours trading for the technology sector. It'll be interesting to see whether this... READ MORE
This morning while broadcasting the final market update during the MarketWatchers LIVE show, I commented on the bifurcation of the market. Large-Caps in general were enjoying a rally, but mid- and small-caps were running to the downside. After the market close, I received an email alert that the S&... READ MORE
My expectation for week end was two new weekly PMO BUY signals. Instead we got only one. The SPX missed its weekly PMO BUY signal by hair or technically, by two one-hundredths of a point. The OEX managed to squeak its out and the Dow is finally seeing a possible... READ MORE
The quick drop of short-term indicators is a case in point on how "oscillators must oscillate" and that overbought conditions in a strong bull market can unwind through consolidation and are therefore, not necessarily a precursor to doom and gloom. I've been writing about these indicators... READ MORE
Today, both the Materials SPDR (XLB) and the equal-weight Materials ETF (RTM) posted new Price Momentum Oscillator (PMO) BUY signals. With talk of a trade war, many investors believe that the Materials sector could provide a decent hedge. I don't know if that is true, but I do... READ MORE
The NDX killed it today with a 1.69% move higher and logging a new all-time high. The other major Scoreboard indexes managed good numbers, but none above 1% or logging all-time highs. At issue with all of the Scoreboard indexes are extremely overbought short-term indicators. These conditions need to... READ MORE
I mentioned in yesterday's blog that I was expecting the PMO BUY signals to come in on the Dow and NDX. Well, NDX missed the positive crossover by less than a tenth of a point, but I suspect it'll come in tomorrow barring a particularly bad... READ MORE
We've had a few signal changes arrive the past few trading days that you should be aware of. While these new green arrows look promising, the DecisionPoint Swenlin Trading Oscillators (STOs) suggest we may experience some short-term weakness before pushing past overhead resistance at June price tops. The... READ MORE
I've presented my favorite PMO scan numerous times during the MarketWatchers LIVE show, but also in articles. Here's a link to my article on that scan. However today I wanted to present my "Chart Breakouts" scan. I use this scan during the MarketWatchers LIVE... READ MORE
Although we haven't quite seen any changes on the DP Scoreboards in the "momentum" category, detailed analysis of the PMO in all three timeframes shows signs that components of these indexes are gaining positive momentum. The PMO Analysis charts below are in the DecisionPoint Market Indicator... READ MORE
Another day of decline after a head fake at the open when prices gapped up and rallied. The Nasdaq and Russell 2000 never caught a break as they began their decline right out of the gate. These two indexes have shown great relative strength, but are now taking it on... READ MORE
Today and yesterday saw four new signal changes on the DecisionPoint Scoreboards. The NDX has now joined in on short-term weakness in price trend and condition. Our short-term market indicators are starting to get oversold, but they continue in their downward trend. I came into this week expecting the SPX... READ MORE
We added two more SELL signals to the DecisionPoint Scoreboards. Both the SPX and OEX triggered Price Momentum Oscillator (PMO) SELL signals. Apparently someone forgot to tell the NDX that it was time to relinquish BUY signals. However, maybe its hearing the whispers given it tumbled a bit farther today... READ MORE
Yesterday the Dow lost its PMO BUY signal and today it's lost its Short-Term Trend Model BUY signal. Looking at the NDX Scoreboard sitting next to the Dow Scoreboard, a bifurcated market between NDX and Dow. Both the NDX and Russell 2000 continue to set new all-time highs... READ MORE
The DecisionPoint Scoreboards nearly made it to "all green" as the NDX was the first to manage a PMO crossover on the weekly chart and the others seemed sure to follow until this recent pullback. To make matters worse, the Dow which had just managed a PMO BUY... READ MORE
On Friday, the weekly charts went "final". With that finalization, the NDX which had been carrying a positive Price Momentum Oscillator (PMO) crossover throughout the week, finally posted the IT PMO BUY signal on its DP Scoreboard. Additionally, sentiment charts were very interesting this week. The National Association... READ MORE
The DecisionPoint Scoreboards remain bullish, except for intermediate-term PMO SELL signals. Those should be replaced by BUY signals soon as all four indexes have rising PMOs. In fact, the NDX already has the PMO positive crossover on its weekly chart, it just has to remain by the close on Friday... READ MORE
I have alerts set on my ChartList of sector SPDRs that alert me to Trend Model and PMO signal changes (Check our Support area for directions on how to set these). Today the alarm triggered when the Real Estate SPDR (XLRE) had a Long-Term Trend Model BUY signal. An LT... READ MORE
So far this week, we had only two signal changes. The Dow moved from ST Trend Model Neutral and ST PMO SELL back to BUY signals after only a few days. The only area of concern for these Scoreboards is the IT PMO SELL signals which are found on the... READ MORE
After yesterday's strong rally, the Dow managed to drop its bearish signals and collect two BUY signals in the short term. Today, the Dow was down slightly, but it didn't affect these signals which remained after the close. The indicators for the Dow are looking healthy... READ MORE
Bonds enjoyed quite a rally over the past two weeks which isn't a surprise given Bond Yields took a nose-dive. The daily chart of the $TYX shows how yields crashed. However, they are now bouncing off strong support at 2.95%. They may not be able to avoid... READ MORE
With today's close, all of the monthly charts have 'gone final'. This means that any signals that appear on monthly charts are the final signals for the month. While we don't have any new monthly/long-term signals, it is always instructional to look at... READ MORE