NEW! DecisionPoint Indicators: Golden Cross/Silver Cross Indexes

Erin Swenlin

Erin Swenlin


On our November 20, 2019 DecisionPoint show on StockCharts TV, Carl and I introduced the new Golden Cross and Silver Cross Indexes. The Golden Cross Index measures the percentage of components in an index or sector that are on LT Trend Model BUY signals (50-EMA > 200-EMA). The Silver Cross Index, meanwhile, measures the percentage of components that are on IT Trend Model BUY signals (20-EMA > 50-EMA). By tracking these readings with a signal line, we can see a clear picture of participation within an index or sector.

Below is the list of Indexes and Sectors we track the GCI/SCI for.

If you would like to add this list to your ChartLists, go to "My Account" and click "Manage ChartPacks". You'll want to download the free "DecisionPoint Market Indicators (DPMI)" ChartPack.

Below are a few indexes I've selected to talk about. You'll see that these, along with the % of stocks above their 20-EMA, can confirm a price move or give you warning that participation isn't what it should be. Below are the indicators for the SPX, S&P 400 (IJH) and S&P 600 (IJR).

We are now seeing confirmation by both GCI/SCI and % above 20-EMA is catching up. We can see nearly 3/4 of the components are participating in the IT and LT rally.

Both the GCI and SCI confirmed the breakout to new all-time highs as both reached readings higher than the previous top in September.

The struggle continues for the small-caps. While the situation is improving, participation is particularly low in comparison to the mid- and large-caps. I don't like the hesitation in SCI, nor the negative divergence with % of stocks above their 20-EMAs.

Below are a few of the sector charts. Note the annotations show you confirmations (blue) and negative divergences (red).

I hope you're as excited about the unveiling of these new indicators as we are!

Watch the latest episode of DecisionPoint with Carl & Erin Swenlin LIVE on Mondays at 5:00pm ET or on the StockCharts TV YouTube channel here!

Happy Charting! - Erin


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NOTE: The signal status reported herein is based upon mechanical trading model signals, specifically the DecisionPoint Trend Model. These define the implied bias of the price index based upon moving average relationships, but they do not necessarily call for a specific action. They are information flags that should prompt chart review. Further, they do not call for continuous buying or selling during the life of the signal. For example, a BUY signal will probably (but not necessarily) return the best results if action is taken soon after the signal is generated. Additional opportunities for buying may be found as price zigzags higher, but the trader must look for optimum entry points. Conversely, exit points to preserve gains (or minimize losses) may be evident before the model mechanically closes the signal.

Helpful DecisionPoint Links:

Erin's PMO Scan

DecisionPoint Shared ChartList and DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)


SCTR Ranking

Erin Swenlin
About the author: is a co-founder of the website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California. Learn More