DecisionPoint

July 2019

DecisionPoint

DecisionPoint Mid-Week | Possible Short-Term Selling Exhaustion | Bearish Double-Top for USO

by Erin Swenlin

It's been a week of consolidation and pullback for the major indexes. Given the look of our very short-term indicators, I would expect to see a move to the upside by Friday, or certainly by next week. Energy has been struggling, though it remains the only sector with a Long-Term Trend Model SELL signal (the 50-EMA is below the 200-EMA). Every other sector is enjoying BUY signals in the intermediate and long term. Oil is not helping the Energy sector, and it doesn't look like we will see higher prices in the near term. Read More 

DecisionPoint

DP WEEKLY WRAP: New All-Time Highs, but Not for Small-Cap Stocks

by Carl Swenlin

While the broad market indexes are currently making all-time highs, the S&P 600 Small-Cap Index (IJR) is struggling and remains about -14% below its all-time highs. This lack of small-cap participation is a concern, because the large-caps can't carry the market forever. The OBV is currently in a reverse divergence -- the OBV is making a higher high, but price is not. This tells us that price can't move higher in spite of increased volume. Another set of S&P 600 indicators available on StockCharts.com shows the internal weakness of the small-cap Read More 

DecisionPoint

The Most Productive Stock in My Portfolio...and How I Found It

by Erin Swenlin

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 ultimately the final decision is based on a few important indicators: the Price Momentum Oscillator (PMO), the On-Balance Volume (OBV) and the DecisionPoint Trend Models. The winner is Alteryx Inc (AYX), which I believe I talked Read More 

DecisionPoint

DP WEEKLY WRAP: Watch Out For BPI Trend Breaks

by Carl Swenlin

With the S&P 500 and NASDAQ Composite making or equaling all-time highs, it would be appropriate to check the participation behind this up surge. The Bullish Percent Index (BPI) measures the percentage of stocks in a given index that have point & figure BUY signals. In January of 2018 we can see that participation was very healthy with the SPX BPI at over 80, NASDAQ BPI at 70, and the NYSE BPI over 70. At the late-2018 market top, BPI participation was significantly lower, about -15% to -20% for each index. Currently, there has been some improvement in the SPX BPI, down only -11% Read More