DecisionPoint

DP Alert: New BUY Signal for S&P 100 - S&P 600 (IJR) New ITTM Neutral Signal

The DecisionPoint Scoreboards updated with a new signal change today. The $OEX just managed a new Short-Term Trend Model BUY signal. The 5-EMA crossed above the 20-EMA triggering the signal. Right now price is running along the declining tops trendline. The PMO is no longer rising and that is a problem.

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MarketWatchers LIVE Kick-Off - Recap of Market Indicators

MarketWatchers LIVE kicked off today at noon EST! Tom Bowley and I host this new webcast Monday, Wednesday and Friday from 12:00p - 1:30p EST. Very soon we will have a public ChartList available for the show as well as a MarketWatchers LIVE blog that will recap some of the important charts and topics discussed that day. Right now we don't quite have the collaborative ability to put detailed recaps together, but we soon will. Be sure and follow our new Twitter feed @MktWatchersLIVE and feel free to leave your comments, symbol requests etc. This will be THE place to interact with the show live, contribute to polls, etc. The Facebook page is nearly ready for prime time so look for the MarketWatchers LIVE Facebook page in the coming week. 

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DecisionPoint Weekly Wrap 3/31/17

*** IMPORTANT NOTE: We are making some changes to our DecisionPoint blogs and webinars starting on April 1st. Click here for more details. ***


The DecisionPoint Weekly Wrap presents an end-of-week assessment of the trend and condition of the stock market (S&P 500), the U.S. Dollar, Gold, Crude Oil, and Bonds. We have a happy coincidence with Friday also being the end of the month, so we can wrap the week and the month in this commentary.

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Short-Term Trend Model/PMO Scan from 3/29 DecisionPoint Report Webinar - James River Group (JRVR) Analyzed

Yesterday during the DecisionPoint Report webinar I decided to run a short-term scan and run through the results with my viewers. You can find the webinar here. I promised to write a blog article with the text of the scan so that Extra members can copy and paste directly into the scanning workbench. Yesterday the scan returned seven charts. Today it returned 36 charts.


SHORT-TERM TREND MODEL--PMO RISING SCAN

[type = stock] AND [Daily SMA(20,Daily Volume) > 50000]
and [country is US]
AND[today's PMO Line(35,20,10)<today's PMO Signal(35,20,10)]
AND [today's PMO Line(35,20,10) > yesterday's PMO Line(35,20,10)]
AND [yesterday's PMO Line(35,20,10) > 2 days ago PMO Line(35,20,10)] 
AND [2 days ago PMO Line(35,20,10) > 3 days ago PMO Line(35,20,10)]
AND [today's ema(50,close) > today's ema(200,close)]
AND [today's ema(5,close) X today's ema(20,close)]

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Net Advances-Declines Indicators Rock the Ultra-Short Term

The DecisionPoint universe is evolving. As many of you are aware, some of our indicators will be retired. Two of the indicators many are concerned about losing are the Climactic Volume Indicator and Participation Index. Writing a blog everyday and doing regular webinars during the week tends to keep my focus on the shorter term. In order to better dissect the short term, DecisionPoint has create an "Ultra-Short-Term" timeframe. We define the ultra-short-term timeframe as hours to a day or two. These signals have a very short shelf life.

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DecisionPoint Weekly Wrap 3/24/17

*** IMPORTANT NOTE: We are making some changes to our DecisionPoint blogs and webinars starting on April 1st. Click here for more details. ***

Welcome to the DecisionPoint Weekly Wrap, where I make an end-of-week assessment of the internal condition, and trend of the stock market (S&P 500), the U.S. Dollar, Gold, Crude Oil, and Bonds.

There were no changes to the DecisionPoint Scoreboards today, but we did see some short-term softening earlier this week with three new NEUTRAL signals.

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AAPL: Correction Due

Apple (AAPL) has rallied +60% from its May 2016 low, which was also the the low for the previous bear market for AAPL. The price advance for the last month-and-a-half has been pretty vigorous, but the PMO (Price Momentum Oscillator) has topped and crossed down through its signal line, so a correction seems likely.

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Investors Feeling Bearish = Good for the Market

I thought this "yin yang" symbol was actually a nice metaphor for sentiment. When we look at the sentiment numbers on a chart they are expressed as a percentage. For example, 31% are bullish, 39% are bearish, and the rest fall into the neutral category. It's a fixed space where bulls and bears move together as a part of the whole, balancing each other out. When sentiment moves to one extreme it is generally a warning sign that the market will be moving in the opposite direction.

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Chart Spotlight on Pfizer, Inc. (PFE)

Chart Spotlights will be a regular addition to the DecisionPoint blog and have already been incorporated into the DecisionPoint Report webinars. The purpose of the Chart Spotlight is not to recommend a particular stock, it is a learning exercise. Many readers and viewers want to understand how to pull up a chart and find the most important characteristics for making their own investment decisions.

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