DecisionPoint

October 2017

DecisionPoint

Swenlin Trading Oscillators Reaching Oversold Levels

by Erin Swenlin

The Swenlin Trading Oscillator (STO) is an overbought/oversold indicator that can assist in identifying short-term tops and bottoms. There are two versions, one using advances and declines (STO-B), and one using advancing and declining volume (STO-V)... Read More 

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Beware of the Parabolic Price Move - Intel (INTC) Example

by Erin Swenlin

As I was preparing for today's MarketWatchers LIVE broadcast this morning, Tom asked me to take a look at a handful of large cap breakout charts. The one that jumped out at me was that of Intel Corp (INTC). The chart pattern is worrisome... Read More 

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DP Weekly Wrap: Another Blink Moment

by Carl Swenlin

Last week there was a one-day decline that didn't actually last a whole day. On Wednesday this week there was a rather more robust decline, but it didn't last a full day either, and the market took back a good chunk of its losses by the closing bell... Read More 

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DP Bulletin: NDX Whipsaws Back to PMO BUY Signal

by Erin Swenlin

Just a quick headline! NDX whipsawed back into a PMO BUY signal after two days on a SELL. After today's brilliant move by the technology sector, the PMO was yanked back up above its signal line... Read More 

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Momentum Failing on SPX - New PMO SELL Signal - Dow Holds PMO BUY Signal

by Erin Swenlin

I updated the DecisionPoint Scoreboards yet again today. Yesterday saw the new PMO SELL signals on the NDX and OEX and today the SPX has followed suit by generating its own PMO SELL signal... Read More 

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DP Alert: PMO SELL Signals on SPY, OEX and NDX - Climactic Indicators Suggest "Rally Pop"

by Erin Swenlin

Two important changes occurred on our DP Scoreboards today. The OEX and NDX both logged new PMO SELL signals as their PMOs crossed below their signal lines. I had expected the SPX to follow suit, but by an incredibly thin margin, its PMO BUY signal survived... Read More 

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Dollar Greening Up - IT Trend Model BUY Signal and Inverse H&S

by Erin Swenlin

On Friday, Gold minted a new IT Trend Model Neutral signal, so it isn't surprising to see the opposite occur for the Dollar. Looking at the chart of UUP, there are plenty of bullish characteristics... Read More 

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DP Weekly Wrap: If You Blinked, You Missed It!

by Carl Swenlin

Back in September the market had a small pullback that took all of three days (blue circle on chart below)... Read More 

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Healthcare Sector Feeling Better

by Erin Swenlin

Tom Bowley and I have been talking on MarketWatchers LIVE about sector rotation and how the healthcare sector is getting more "healthy". Today I got confirmation that this sector is back in favor... Read More 

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New PMO SELL Signal on Small-Cap ETFs, IJR and IWM

by Erin Swenlin

The short-term rally in large-cap indexes like the SPX, OEX and INDU was not contagious for the S&P 600 or Russell 2000. Below I've annotated their associated ETFs, IJR and IWM to show you the new PMO SELL signals... Read More 

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DP Alert: Is the Rally Exhausted? - PMO BUY Signal on Bonds

by Erin Swenlin

Teflon rally, perma-rally, overbought rally, irrational exuberance...whatever you call it, our indicators are suggesting at a least pause in the action, if not a pullback... Read More 

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DP Weekly Wrap: Parabolic Neutralized

by Carl Swenlin

Last week I identified a short-term parabolic advance, a pattern in which price advances in an ever-steepening upward curve. Typically parabolics become too steep and they collapse... Read More 

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Put/Call Ratios At Simultaneous Lows - Bearish for the Market

by Erin Swenlin

A MarketWatchers LIVE viewer emailed me today and suggested I revisit the Put/Call Ratio chart. Upon recommendation, I did just that and was glad that he pointed it out to me so that I could point it out to you... Read More 

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Gold Narrowly Avoids IT Trend Model Neutral but Not Out of the Woods

by Erin Swenlin

Carl and I have been watching the Gold chart carefully for a likely Intermediate-Term Trend Model (ITTM) Neutral Signal. However, with the rally of the last two days, both the 20-EMA and 50-EMA have slowed their descent... Read More 

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DP Alert: Market Rally Pop, No Follow-Through

by Erin Swenlin

No changes to the DP Scoreboards today, but you can see that every signal is a BUY signal except the IT PMO signal on the NDX. Check out my ChartWatchers article to learn more about why that is the case... Read More 

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DP Weekly Wrap: Impervious Rally

by Carl Swenlin

I awoke Monday morning to news of the outrage that had taken place in Las Vegas the night before, and I experienced the now all-to-familiar feelings of weariness at the state of the world... Read More 

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PMO BUY Signal on NDX Confirms Breakout - Commodities LT BUY - TLT IT Neutral Signal

by Erin Swenlin

It took the NDX two weeks to a month more to update its Short-Term PMO to a BUY signal in comparison to its peers. The dates underneath the signals on the Scoreboard tell the story of a difficult decline and then rally run for the NDX and technology in general... Read More 

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DP Indicator Spotlight: McClellan Summation Index Overbought and Rising on Major Indexes

by Erin Swenlin

Developed by Sherman and Marian McClellan, the McClellan Summation Index is a breadth indicator derived the McClellan Oscillator, which is a breadth indicator based on Net Advances (advancing issues less declining issues)... Read More 

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DP Alert: Island Formations and Gaps - More All-Time Highs - RYU Signal Change

by Erin Swenlin

No new changes on the DecisionPoint Scoreboards at this time, but we should see the IT PMO signals change on Friday. I was notified by my Technical Alert that weekly PMO crossovers occurred on all but the NDX... Read More 

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Signal Change Bulletin: New BUY Signals for NDX and Consumer Discretionary ETF (XLY)

by Erin Swenlin

Wanted to update readers on two new signal changes that triggered after the close today. You'll see that the NDX DecisionPoint Scoreboard has logged yet another change for the NDX. This time a ST Trend Model BUY signal... Read More