DecisionPoint

December 2017

DecisionPoint

DP Yearly Wrap 2017

by Carl Swenlin

Last week we were looking at a rising wedge formation, which we said normally resolves downward. This week price moved through the bottom of the wedge sideways, but that doesn't really qualify as a downward resolution, which would necessarily require price to move, well, down... Read More 

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DP Alert: NDX Logs New SELL Signal - Gold Shines - ST Indicators Rising Again

by Erin Swenlin

I hope you and yours had a fantastic and warm Christmas! As Bob Cratchit so eloquently put it, "I was making rather merry yesterday". The holidays continue as does holiday trading into the new year... Read More 

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DP Weekly Wrap: Bitcoin Collapse

by Carl Swenlin

Two weeks ago I led with a chart of the Bitcoin Index... Read More 

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DP Bulletin: Dollar (UUP) ITTM SELL Signal - ITTM Neutral Signals for XLU and RYU

by Erin Swenlin

The Dollar (UUP) continues to form a bearish head and shoulders pattern in textbook fashion. The decline continues and consequently, there was a negative 20/50-EMA crossover BELOW the 200-EMA which constitutes an Intermediate-Term Trend Model (ITTM) SELL signal... Read More 

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DP Alert: UUP PMO SELL Signal - IT Indicators Toppy

by Erin Swenlin

The DecisionPoint Scoreboards remain completely "green". Hard to argue with the strength of this bull market in all three timeframes. However, the intermediate-term indicators are trying to top and have a negative crossover. ST indicators continue to fall... Read More 

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Using Volatility Index Charts to Analyze Short-Term Trading Conditions

by Erin Swenlin

I am often asked why I use an inverted scale on my Volatility Index charts. The answer is that I find it to be an excellent overbought/oversold indicator in the short term when it's flipped... Read More 

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DP Alert: PMO BUY for NDX Finally - Gold Sentiment Suggests Rally

by Erin Swenlin

The only red arrow left on the DP Scoreboards was erased today as the NDX triggered a PMO BUY signal on the daily chart. The last time we saw no red on the Scoreboards, it lasted about two days... Read More 

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DP Weekly Wrap: NAAIM Exposure Index Highest Reading Ever

by Carl Swenlin

This week the National Association of Active Investment Managers (NAAIM) Exposure Index reached the highest reading since its inception in 2006... Read More 

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DP Alert: Short-Term Head & Shoulders Still Viable on Dollar (UUP)

by Erin Swenlin

No new changes to the DecisionPoint Scoreboards. The NDX is holding onto its PMO SELL signal and it still has some margin to cover before the new PMO BUY signal can generate... Read More 

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Utilities Sector Dimming - UUP Garners a New IT Trend Model BUY

by Erin Swenlin

We've seen some very interesting sector rotation this past year as the market continues to climb higher. Money doesn't seem to really be leaving the market, just rotating from one sector to the next. The Utilities sector was a good run through October and into November... Read More 

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DP Alert: Short-Term and Intermediate-Term Indicators Bullish - NDX STTM BUY Signal

by Erin Swenlin

On Friday, the NDX logged a new ST Trend Model BUY signal. Currently DP indicators are looking bullish and seeing improvement in the technology sector is encouraging for the market in general... Read More 

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DP Weekly Wrap: BitBubble

by Carl Swenlin

In the DP Weekly Wrap I normally lead with a chart of the market, but this week Bitcoin was so prominent in the news, I thought a chart of the Bitcoin Index would be more appropriate... Read More 

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Bull/Bear Market Rules and Head & Shoulders Patterns (UUP and TLT)

by Erin Swenlin

I'm sure many have heard the phrases, "Bull Market Rules Apply" or "Bear Market Rules Apply". I thought today I'd give you two examples of how these "rules" interact with chart patterns... Read More 

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DP Alert: Indicators Topping - Gold Triggers PMO SELL and STTM SELL Signals - NDX STTM Neutral

by Erin Swenlin

First and foremost I am pointing out the new ST Trend Model Neutral signal that arrived today on the NDX. Despite attempting to rally from the recent decline, price was unable to move high enough to prevent this Neutral signal from appearing... Read More 

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DP Weekly Wrap: Blowoff

by Carl Swenlin

There were a couple of news stories on which to blame Friday's pullback, but my opinion is that the vertical up move of the prior three days was a short-term blowoff that needed to be corrected... Read More 

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Dow Logs New PMO BUY Signal - UUP Triggers an IT Trend Model SELL Signal

by Erin Swenlin

Two important signal changes arrived today that you need to know about. First, the Dow Industrials triggered a new ST PMO BUY signal. Talk about a bifurcated market, the NDX gets a PMO SELL signal yesterday and today the Dow continues its parabolic rise and logs a BUY signal... Read More