DecisionPoint

April 2018

DecisionPoint

Monthly Charts Reveal Bearish Bias - Review of Major Indexes, Dollar, Gold, Oil & Bonds

by Erin Swenlin

All of our monthly charts went "final" today so it is time for a review of the current signals and their implications. The DecisionPoint Scoreboards show BUY signals on all of the four major indexes and that is not changing today... Read More 

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DP Weekly Wrap: Consumer Discretionary (XLY) Back on BUY Signal

by Carl Swenlin

The Consumer Discretionary sector (XLY) switched from NEUTRAL to BUY when the 20EMA crossed up through the 50EMA... Read More 

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DP Bulletin #3: NDX PMO Whipsaws Back to a BUY

by Erin Swenlin

Not surprisingly, the NDX which had triggered a Price Momentum Oscillator (PMO) SELL yesterday, whipsawed into a new PMO BUY Signal. With a rally that moved price higher by 2.08%, the PMO was jerked back up... Read More 

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DP Bulletin #2: NDX Logs New PMO SELL Signal

by Erin Swenlin

All four DecisionPoint Scoreboard indexes logged ST Trend Model SELL signals yesterday and now the NDX has added insult to injury with a new PMO SELL signal. This SELL signal was generated when the NDX Price Momentum Oscillator (PMO) crossed below its signal line... Read More 

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DP Bulletin: ST Trend Model SELL Signals on NDX, Dow, SPX & OEX

by Erin Swenlin

This is a bulletin to let you know that the DecisionPoint Short-Term Trend Model has generated new SELL signals for all four indexes on the DecisionPoint Scoreboards. After the sizable decline to finish off today, the 5-EMAs all tumbled below the 20-EMAs... Read More 

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Short-Term Swenlin Trading Oscillator Divergence Could be a Serious Warning Sign

by Erin Swenlin

There was one indicator that gave us a very good warning sign just prior to the Jan/Feb correction. The same warning sign is flashing right now. The Swenlin Trading Oscillators (STOs) have a breadth version and a volume version... Read More 

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DP Weekly Wrap: Technology Whipsaw

by Carl Swenlin

The technology sector (XLK) switched from NEUTRAL to BUY on Thursday, but reversed from BUY to NEUTRAL on Friday... Read More 

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Tech Sector (XLK) Clicks to IT Trend Model BUY Signal

by Erin Swenlin

As noted in the DecisionPoint Sector Scoreboard, a new IT Trend Model BUY signal was added. Before this BUY signal, there were only two sectors on IT BUY signals and they were in somewhat defensive areas of the market, Utilities and Energy... Read More 

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DP Alert: Will Dollar Ever Breakout? - Market Short-Term Overbought

by Erin Swenlin

This week the DP Scoreboards turned short-term bullish. Unfortunately, I suspect this breakout won't hold long if the short-term indicators continue to stretch into very overbought territory... Read More 

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Major Shakeup on DecisionPoint Scoreboards - Short-Term BUY Signals Everywhere

by Erin Swenlin

Since Friday, the DecisionPoint Scoreboards have been adding short-term buy signal after short-term buy signal. With today's breakouts from consolidation zones, I believe they are timely... Read More 

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DP Weekly Wrap: Weak Volume Undermines Rally

by Carl Swenlin

Market action was a little choppy this week, but SPY managed to eke out a small gain; unfortunately, volume was weak and did not confirm the rally. The PMO bottomed and crossed up through the signal line, giving a PMO BUY signal... Read More 

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DP Bulletin #2: OEX Hops Aboard the PMO BUY Signal Train

by Erin Swenlin

Another new signal to report on the DecisionPoint Scoreboards, the OEX has logged a Price Momentum Oscillator (PMO) BUY signal to join the Dow which triggered its PMO BUY signal yesterday. The NDX PMO has some distance to close before we'll see its signal change... Read More 

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DP Bulletin: Dow is First to Regain Short-Term PMO BUY Signal

by Erin Swenlin

The Dow is the first to shed it's previous Price Momentum Oscillator (PMO) SELL signal. The SELL signal had been in place since 2/2/18... Read More 

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Small-Cap ETFs In Trouble - Possible Head and Shoulders Formations

by Erin Swenlin

After the market close, my technical alert activated on IJR, the S&P 600 ETF with a new Intermediate-Term Trend Model Neutral signal. I noted that this same signal has already been hit on IWM, the Russell 2000 ETF... Read More 

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DP Weekly Wrap: Choppy Week Closes Down

by Carl Swenlin

On the SPY chart last week I thought I saw a reverse flag formation, although it was not as tightly defined as I would like... Read More 

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Indicators - ST Overbought with Negative Divergences Sprinkled on Top

by Erin Swenlin

It was heady to feel the bullish exuberance pulsing around the MarketWatchers LIVE show, but now that the day is over and the indicators are ready for review. I was seriously disappointed not to see the supporting evidence I wanted so I too could enjoy some bullish exuberance... Read More 

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DP Alert: Bounce Back for Cyclicals and Technology Eases Bear Market Fears

by Erin Swenlin

I was concerned earlier this week when we lost the IT Trend Model BUY signals in the aggressive technology and cyclicals sectors. However, both of these sectors have surged over the past two days which does allay fears of a bear market setting up... Read More 

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Intermediate-Term Trend Model NEUTRAL Triggered on NDX - No ITTM BUY Signals on SPDRs

by Erin Swenlin

Today the NDX succumbed to peer pressure and dropped its Intermediate-Term Trend Model BUY signal. The Scoreboards below are clear: Long term has a bullish bias, but serious damage has been done in the short and intermediate terms... Read More