DecisionPoint July 31, 2017 at 04:48 PM
Gold generated a new IT Trend Model (ITTM) BUY signal as the 20EMA crossed up through the 50EMA. In the last year there have been six ITTM signal changes, and price has been running flat for six months, a configuration that facilitates even more whipsaw... Read More
DecisionPoint July 28, 2017 at 06:22 PM
There is always something for the market to wait for. Last week it was options expiration, and this week it was the Fed meeting. There was nothing new from the Fed, so there were no market hiccups as a result. SPY made new, all-time highs again this week... Read More
DecisionPoint July 27, 2017 at 04:59 PM
Today the Dow Industrials ($INDU) PMO signal changed from a SELL to a BUY. The just retired SELL signal was only three days old because the daily PMO is currently very flat and close to its signal line. In this configuration the PMO is subject to frequent whipsaw signal changes... Read More
DecisionPoint July 26, 2017 at 01:01 AM
** While Erin is away, we will be posting some of her "greatest hits" educational blogs. Some information may be dated ** One of the features that I used frequently on the DecisionPoint.com website was Gallery View in the ChartTool... Read More
DecisionPoint July 24, 2017 at 08:27 PM
Today the Dow Industrials ($INDU) lost its recent PMO BUY signal from 7/14 and has logged a PMO SELL signal on the DP Scoreboard. The chart is below. It looks like a short-term double-top in the thumbnail... Read More
DecisionPoint July 22, 2017 at 08:00 AM
Today the Nasdaq 100 Scoreboard turned completely green. Well, it lost the only red arrow it was clinging to on the intermediation-term Price Momentum Oscillator (PMO)... Read More
DecisionPoint July 21, 2017 at 06:18 PM
Last week the market broke out of a month-long rounded top to new, all-time highs. This week there was a short snapback to the point of breakout, then on Wednesday it once again broke to new, all-time highs. Thursday and Friday it again pulled back to the point of breakout... Read More
DecisionPoint July 20, 2017 at 08:57 PM
No new changes on the DecisionPoint Scoreboards although I happen to know there is an intermediate-term PMO BUY signal waiting in the wings on the NDX. That signal will not go final until after Friday's trading... Read More
DecisionPoint July 18, 2017 at 10:39 PM
No new changes to report on the DecisionPoint Scoreboards, although if you didn't read about it last Friday, we did see FOUR new PMO BUY signals on all four indexes. The only "red" on the Scoreboards are on the IT PMO signals which are found on the weekly charts... Read More
DecisionPoint July 15, 2017 at 12:39 PM
Rounded top, schmounded top. This week the market couldn't have cared less as it broke through to new, all-time highs. The headline regarding the dollar is not exactly news, but the dollar is getting particularly weak. More on that below... Read More
DecisionPoint July 14, 2017 at 07:26 PM
There were four new Short-Term PMO BUY signals generated on the DecisionPoint Scoreboards today. The new signal summary is below as well as the charts for your review... Read More
DecisionPoint July 13, 2017 at 08:18 PM
No changes on the DecisionPoint Scoreboards. They all look the same which might be a little confusing given the bifurcated market we have witnessed over the past few weeks... Read More
DecisionPoint July 12, 2017 at 09:29 PM
Yet again, more whipsaw on the DecisionPoint Scoreboards. The Short-Term Trend Model (STTM) is highly sensitive given that it is based on 5/20-EMA crossovers. However, the main problem we have is consolidation. Price hit all-time highs, but has continued to meander sideways... Read More
DecisionPoint July 11, 2017 at 07:33 PM
No new signal changes on the DecisionPoint Scoreboards, but we did see three new Intermediate-Term Trend Model (ITTM) Neutral signals generate on three different sectors. Utilities, Consumer Discretionary and Consumer Staples... Read More
DecisionPoint July 08, 2017 at 12:12 PM
During a holiday week we don't expect much action, and this week was no exception. The market has been grinding away in a narrow range since the beginning of June, and a rounded top has formed... Read More
DecisionPoint July 07, 2017 at 05:35 PM
We have three new signals to report on the DecisionPoint Scoreboards and none of them are good. Momentum was already waning with PMO SELL signals coming in late June, but now we are seeing the destruction of upward price trends... Read More
DecisionPoint July 05, 2017 at 06:25 PM
It happened so fast that I missed it on Monday. Both the SPX and OEX generated ST Trend Model Neutral signals Friday and Monday, but today those signals have already bitten the dust as new ST Trend Model BUY signals came back to roost on the DecisionPoint Scoreboards... Read More
DecisionPoint July 01, 2017 at 12:39 PM
June has been a tedious month for the market with SPY being confined mostly within a three point range. I can't help noticing the rounded shape of June's price activity, which makes me think we may be seeing a rounded top leading to a period of falling prices... Read More
