DecisionPoint

May 2018

DecisionPoint

DP Bulletin #1: Dow Bearish with PMO SELL Signal and STTM Neutral Signal

by Erin Swenlin

Clearly I spoke too soon about having no DP Scoreboard signal changes this week. Today the Dow triggered both a PMO SELL signal and a Short-Term Trend Model Neutral signal. I'd prepare for some whipsaw. I've annotated a very small double-top that executed with Tuesday's decline... Read More 

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DP Alert: Small-Caps Bifurcate Market - Possible Buying Initiation Lining Up

by Erin Swenlin

Amazing! A week without any DP Scoreboard updates. All of these indexes came very close to new PMO SELL signals yesterday with the big decline, but today's rally pop changed that quickly with all four PMOs turning back up and away from their signal lines... Read More 

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Financial SPDR (XLF) Triggers PMO SELL Signal AND Trend Model Neutral Signal!

by Erin Swenlin

The markets spent much of last week consolidating or pulling back. The Financial sector was no exception. As with many of the major markets, XLF was hit especially hard today with a decline of over 3.3%... Read More 

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DP Weekly Wrap: From Flag to Churn

by Carl Swenlin

Last week I thought we had a good outlook based upon a bullish flag formation, but this week the market just added more sideways movement... Read More 

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DP Alert: Intermediate-Term Indicators Remain Bullish - Worst Could Be Over

by Erin Swenlin

It looks like I may actually have a week without a signal change on the DecisionPoint Scoreboards. Currently all trends are bullish, although momentum isn't positive in the intermediate term. The IT PMO signals are derived from the weekly PMO... Read More 

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DP Weekly Wrap: Bullish Flag Forming

by Carl Swenlin

Back in the day, options expiration days were characterized by high volatility and exceptionally high volume; however, in recent years the market stays relatively calm, and the high volume only appears at the end of each quarter... Read More 

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DP Bulletin #3: Trend Models on BUY Signals in All Timeframes as Dow Triggers ITTM BUY

by Erin Swenlin

The Dow was the laggard but it finally managed an Intermediate-Term Trend Model BUY signal today when the 20-EMA crossed above the 50-EMA. This moves all four Scoreboards' Trend Models to BUY signals in the short-, intermediate- and long-terms... Read More 

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DP Alert: Short-Term Weakness Should Clear Soon - $90/Barrel Not Out of the Questiorm

by Erin Swenlin

There still may be some growing pains to endure, but seeing Intermediate-Term Trend Model BUY signals beginning to populate the DP Scoreboards for the first time since March. The Dow should be joining the ITTM BUY signal party very soon... Read More 

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DP Bulletin #2: OEX Adds IT Trend Model BUY Signal

by Erin Swenlin

Another Intermediate-Term Trend Model BUY signal arrived on the OEX Scoreboard. The Dow is very close to the same signal. For more information, I refer you to yesterday's article about the SPX IT Trend Model BUY signal. My analysis remains the same as yesterday... Read More 

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DP Bulletin #1: SPX Generates a New Intermediate-Term Trend Model BUY Signal

by Erin Swenlin

The SPX is the 2nd of the four DP Scoreboard indexes to trigger a new IT Trend Model BUY signal. This signal replaces a late March Neutral signal. I've added the OEX and Dow charts below the SPX so you can see how close they are to triggering IT Trend Model BUY signals as well... Read More 

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DP Weekly Wrap: SPY New BUY Signal

by Carl Swenlin

On Friday the SPY 20EMA crossed up through the 50EMA, generating an Intermediate-Term Trend Model (ITTM) BUY signal for the broad market (SPY)... Read More 

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DP Alert: NDX First to Get IT BUY Signal - Bullish Indicators - Dow ST BUY Signal

by Erin Swenlin

It's going to be one of those weeks apparently when we watch the DecisionPoint Scoreboards flip out. We have had seven signal changes starting May 4th. The reversals in the short-term trend is typical during volatile periods... Read More 

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DP Bulletin #2: SPX and OEX Garner New Short-Term Trend Model BUY Signals

by Erin Swenlin

The SPX and OEX both triggered new ST Trend Model BUY signals as the 5-EMAs crossed above the 20-EMAs. However, the charts are less than impressive... Read More 

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DP Bulletin #1: Short-Term PMO BUY Signal Logged on Dow Industrials

by Erin Swenlin

All four Scoreboard indexes have PMO BUY signals as of today. The Dow was the laggard, but between Friday's and today's rallies, momentum has shifted enough to push the PMO over its signal line... Read More 

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DP Weekly Wrap: Strong Finish, but Where's the Love?

by Carl Swenlin

On Thursday the market recovered nicely from an early selloff, and today it had a strong finish. But in the market, volume equals love, and the short volume on Friday was barely a peck on the cheek... Read More 

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DP Bulletin: SPX Joins Dow with a New ST PMO SELL Signal

by Erin Swenlin

Today the SPX joined the Dow with a new PMO SELL signal. If the correction continues much longer, the OEX and NDX will follow suit. Today's action left the SPX with a long tail that tested the purple rising bottoms trendline... Read More 

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DP Alert: Dow Logs PMO SELL Signal - ST and IT Negative Divergences! - ITTM Neutral for Gold

by Erin Swenlin

As noted in the signal table below, the Dow logged a new Price Momentum Oscillator (PMO) SELL signal. I've included the chart below with commentary... Read More