DecisionPoint

July 2017

DecisionPoint

DP Alert: Gold Generates New BUY Signal

by Carl Swenlin

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 

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DecisionPoint Weekly/Monthly Wrap -- Possible Top

by Carl Swenlin

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 

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DP Bulletin: Dow Industrials ($INDU) Trigger PMO BUY Signal

by Carl Swenlin

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 

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Erin's Hits: Customizing Gallery View Charts

by Erin Swenlin

** 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 

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DP Bulletin: Dow Industrials ($INDU) Trigger PMO SELL Signal

by Erin Swenlin

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 

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DP Bulletin: NDX Triggers IT PMO BUY Signal - Equal-Weight Consumer Discretionary (RCD) IT Trend Model BUY Signal

by Erin Swenlin

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 

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DecisionPoint Weekly Wrap -- Another Breakout to New, All-Time Highs

by Carl Swenlin

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 

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DP Alert: SPY Closes on All-Time High - Utilities ETFs ITTM BUY Signals - PMO BUY Signal on Gold

by Erin Swenlin

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 

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DP Alert: All-Time Highs Create New Support Level for SPY

by Erin Swenlin

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 

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DecisionPoint Weekly Wrap -- Dollar In Trouble

by Carl Swenlin

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 

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DP Bulletin: FOUR New Short-Term PMO BUY Signals on All Scoreboards

by Erin Swenlin

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 

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DP Alert: Indicators Looking Bullish in Short and Intermediate Terms - XLU Triggers IT Trend Model Neutral Signal

by Erin Swenlin

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 

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Short-Term Trend Model Whipsaws Plague DecisionPoint Scoreboards

by Erin Swenlin

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 

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DP Alert: Rounded Top Concerning - Gold Breaks Through Neckline

by Erin Swenlin

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 

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DecisionPoint Weekly Wrap -- Still Topping

by Carl Swenlin

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 

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DP Bulletin: New IT PMO SELL Signal on NDX - ST Trend Model Neutrals for SPX and OEX

by Erin Swenlin

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 

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Short-Term Price Trend Turning Up? Equal-Weight Consumer Staples ETF (RHS) ITTM Neutral Signal

by Erin Swenlin

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 

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DecisionPoint Weekly/Monthly Wrap -- Topping In Progress?

by Carl Swenlin

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