DecisionPoint

September 2017

DecisionPoint

DP Weekly/Monthly Wrap: Market Still Overbought

by Carl Swenlin

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 

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Nasdaq 100 vs. Equal-Weight NDX ETF (QQEW) - ETF Much Healthier

by Erin Swenlin

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 

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DP Alert: "Missed it By 'That' Much"

by Erin Swenlin

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 

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Another BUY Signal Bites the Dust for the NDX - New ITTM SELL Signal for UNG

by Erin Swenlin

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 

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DP Weekly Wrap: AAPL Leads Market Top

by Carl Swenlin

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 

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Technology Hit Hard, Results in PMO SELL Signal on Nasdaq 100

by Erin Swenlin

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 

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Equal-Weight ETFs Log New ITTM BUY Signals

by Erin Swenlin

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 

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DP Alert: Short-Term Overbought Conditions Suggest Upcoming Pause/Pullback

by Erin Swenlin

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 

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On Fire! Energy, Small- and Mid-Caps, Financials All Trigger ITTM BUY Signals

by Erin Swenlin

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 

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DP Weekly Wrap: Climax and Options Expiration Slow Advance

by Carl Swenlin

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 

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DP Alert: Market Takes a Pause

by Erin Swenlin

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 

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DP Bulletin: PMO BUY Signal Finally Triggers on $INDU - New PMO Signals TLT, UUP - ITTM BUY Signals IWM, XLP

by Erin Swenlin

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 

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DP Alert: IT Trend Model BUY Signal for equal-weight Industrials ETF (RGI) - Gold & Bonds Pullback

by Erin Swenlin

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 

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DP Bulletin: Whipsaw ST Trend Model BUY Signal on Dow Industrials ($INDU)

by Erin Swenlin

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 

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DP Weekly Wrap: Dollar Weak, Gold Strong

by Carl Swenlin

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 

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DP Bulletin: USO PMO BUY Signal - UUP PMO SELL Signal - XLF ITTM Neutral Signal

by Erin Swenlin

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 

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DecisionPoint BULLETIN: New! IT Trend Model BUY for Oil and ST Trend Model Neutral for Dow

by Erin Swenlin

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 

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DP Alert: PMO BUY Signals on Scoreboards and SPY - Bonds Break Out, Holding Support

by Erin Swenlin

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 

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DP Weekly Wrap: Water, Water, Everywhere . . .

by Carl Swenlin

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