DecisionPoint

August 2014

DecisionPoint

Three Metals Heat Up With New PMO BUY Signals

by Erin Swenlin

Looking at today's DecisionPoint ETF Tracker, I noticed three new PMO BUY signals on  Copper (JJC), Steel (SLX) and  Palladium (PALL). Gold (GLD) and Silver (SLV) are still suffering and haven't joined the party. Below is a cross-section of the DP ETF Tracker report where I found today's PMO BUY signals. You'll find it in the fourth spreadsheet of the report. The columns of the report tell us the signal, how many days it has been in effect, the profit/loss of the signal and the days the PMO has been rising, "R" or falling, "F". Read More 

DecisionPoint

Short-Term Weakness Possible

by Carl Swenlin

We have a set of very short-term indicators we look at every day, and they are showing some internal deterioration in that time frame (days). Note that they have been backing off from the overbought readings of just a few days ago, even as price has moved higher. The peak readings are reached at the point of maximum participation, which is also where the internals can be considered to be exhausted. We also have a set of regular short-term (days to weeks) indicators that we check daily. They have topped at very overbought levels and are most likely to begin moving Read More 

DecisionPoint

"Tracking" Down Investments With DecisionPoint Tracker Reports

by Erin Swenlin

I thoroughly enjoyed speaking at ChartCon 2014 and meeting so many that were thirsty to learn more about DecisionPoint indicators, charts and reports. At the end of my presentation, I briefly demonstrated how the DecisionPoint Tracker reports can be used to "bottom fish". It appears there are quite a few crustaceans out there as that part of my talk, even though it was at the very end, grabbed everyone's attention. Be aware that you must be at least a BASIC subscriber to access Tracker reports. You'll find them in the "DP Trackers" blog. The Tracker Read More 

DecisionPoint

DP Daily Update: Drifting Above Resistance - August 14, 2014

by Carl Swenlin

This is a sample of the DP Daily Update, which is available to StockCharts EXTRA and above subscribers. The purpose of the DecisionPoint Daily Update is to quickly review the day's action, internal condition, and Trend Model status of the broad market (S&P 500), the nine SPDR Sectors, the U.S. Dollar, Gold, Crude Oil, and Bonds. To ensure that using this daily reference will be quick and painless, we are as brief as possible, and often we let a chart speak for itself. The PMO negative divergence persists on the 10-minute bar chart, as the market continues drifting higher. Read More 

DecisionPoint

Percentage of Stocks Above Their 20/50/200-EMAs Looks Bullish

by Carl Swenlin

Our indicators, the Percentage of Stocks Above their 20/50/200EMAs, gives us a view of market internals in three time frames: the 20EMA is short-term, the 50EMA is medium-term, and the 200EMA is long-term. When they have all reached the same extreme on either side of their normal range, we begin to expect a price reversal. Back in June we noted that they had all reached the overbought side of their normal range, which suggested that a price top was in the making. However, we can see how in previous instances prices can drift sideways or higher before the actual price top finally arrives Read More 

DecisionPoint

Gold Breaks Out From Falling Wedge

by Erin Swenlin

Yesterday, gold rallied and broke out from the bullish descending wedge that was formed over the past month or so. The technical expectation of a falling wedge pattern is a breakout and it happened. Remember, that the only expectation of wedge patterns is a breakout (falling wedge) or breakdown (rising wedge), it doesn't guarantee a continuation of the breakout or breakdown. Now that the breakout has occurred, the pattern has executed and concluded. Yesterday we noted in the DecisionPoint Daily Update that the Trend Model for $GOLD would be switching from BUY to SELL as Read More