DecisionPoint September 29, 2017 at 06:06 PM
Last week I thought that a market correction was beginning, but all we got was a one-day, downside blip that ended at the low on Monday. From there the market edged higher, closing at new, all-time highs on Thursday and Friday... Read More
DecisionPoint September 28, 2017 at 06:52 PM
Within the past week, we've seen the $NDX beaten up. However, it really has been the result of a few large-cap stocks that have taken the NDX so low. I think this can be most clearly seen when you compare the equal-weight NDX ETF (QQEW) with the $NDX... Read More
DecisionPoint September 27, 2017 at 06:28 PM
It's clear looking at the NDX Scoreboard that technology has been taking it on the chin. Today, tech titans like Micron (MU), Apple (AAPL) and Advanced Micro Devices (AMD) had a great day and consequently pushed the NDX upward... Read More
DecisionPoint September 25, 2017 at 07:25 PM
The Nasdaq 100 lost its PMO BUY signal on Friday and today it loses its ST Trend Model BUY signal (along with important support!). Natural Gas (UNG) had just picked up an IT Trend Model BUY signal, but it has whipsawed away into an ITTM SELL signal... Read More
DecisionPoint September 22, 2017 at 06:14 PM
We usually feature a SPY chart in this space, but Apple (AAPL) has really grabbed my attention recently. I have been watching it for a few weeks as it formed a rounded top, and finally broke down through horizontal support on Thursday... Read More
DecisionPoint September 22, 2017 at 11:32 AM
As you can see below, the NDX's steep decline has thrown the Price Momentum Oscillator (PMO) below its signal line. I don't expect to see similar readings from the other indexes as they haven't been hit as hard as techs on the latest declines... Read More
DecisionPoint September 20, 2017 at 06:39 PM
DecisionPoint tracks not only the sector SPDRS, but we also follow the equal-weight versions. For more information about the benefits of trading equal-weight ETFs, you can read this article written by Carl... Read More
DecisionPoint September 19, 2017 at 05:45 PM
It may seem strange that all of the Scoreboards are green except in the area of intermediate-term PMO signals. A look at the weekly charts for all four indexes reveals all but the NDX weekly PMO are rising up toward IT PMO BUY signals... Read More
DecisionPoint September 18, 2017 at 06:42 PM
The last two days have issued SIX new Intermediate-Term Trend Model (ITTM) BUY signals. It shouldn't be a surprise that the Energy SPDR (XLE) and Natural Gas (UNG) triggered given the buzz around that sector last week on MarketWatchers LIVE and headlines on our StockCharts... Read More
DecisionPoint September 15, 2017 at 05:17 PM
For a few weeks I have been expecting an upside breakout, and on Monday the breakout finally happened. The internal action on that day indicated that a buying climax had taken place, an event that very often leads to some post-climax churning or pullback... Read More
DecisionPoint September 14, 2017 at 06:52 PM
A day passed with no signal changes for the DP Scoreboards, but also for the SPDRs and their equal-weight counterparts that DecisionPoint follows. The market is taking a short pause... Read More
DecisionPoint September 13, 2017 at 07:12 PM
Lots of new signals today! Three important PMO signals arrived on the Dow, Bonds (TLT) and Dollar (UUP); not to mention two important Intermediate-Term Trend Model BUY signals on Russell 2000 ETF (IWM) and Consumer Staples SPDR (XLP)... Read More
DecisionPoint September 12, 2017 at 07:04 PM
No changes to the DP Scoreboards. We're just waiting on the Dow to log a PMO BUY signal. Reviewing the chart of the Dow we can see that a PMO BUY signal should trigger on the next positive close, if not sooner. Today's breakout to new all-time highs was impressive... Read More
DecisionPoint September 11, 2017 at 07:30 PM
The Dow's 5/20-EMAs have been braiding and unfortunately that causes whipsaw signals. Today saw the recent 9/6 ST Trend Model Neutral signal fall away in favor of a new BUY signal... Read More
DecisionPoint September 08, 2017 at 05:47 PM
Last week there was a high-volume breakout above a declining tops line. This week price pulled back to the line, bounced somewhat higher, then moved sideways the rest of the week... Read More
DecisionPoint September 07, 2017 at 06:17 PM
Signal changes keep coming in with three important new ones today. USO had already logged a new IT Trend Model BUY signal this week and today gets to add a PMO positive crossover BUY signal to the chart... Read More
DecisionPoint September 06, 2017 at 05:24 PM
My email inbox presented two new important signals. First is the Intermediate-Term Trend Model (ITTM) BUY signal for USO. We've been watching it as it managed to find support and rallied strongly. Second is the Short-Term Trend Model (STTM) Neutral signal on the Dow Industrials... Read More
DecisionPoint September 05, 2017 at 08:05 PM
A few new Price Momentum Oscillator (PMO) BUY signals appeared on the DP Scoreboards Thursday and Friday. Friday, the SPY generated a PMO BUY signal as well... Read More
DecisionPoint September 01, 2017 at 05:45 PM
Greg Morris gave us an article on "Fake News!" this week, and it prompted me to reflect on how much "Flood News" we have gotten: Reporters standing in water, reporters standing in front of water, reporters standing in the rain in front of water and in the water... Read More
