DecisionPoint June 29, 2018 at 06:52 PM
Monthly charts were finalized on Friday, so we can get an up-to-date assessment of the very long-term. On the SPY monthly chart below, note that the cyclical bull market up trend has taken price on a very wide departure from the secular bull market rising trend line... Read More
DecisionPoint June 27, 2018 at 07:29 PM
Another day of decline after a head fake at the open when prices gapped up and rallied. The Nasdaq and Russell 2000 never caught a break as they began their decline right out of the gate. These two indexes have shown great relative strength, but are now taking it on the chin... Read More
DecisionPoint June 26, 2018 at 07:21 PM
Today and yesterday saw four new signal changes on the DecisionPoint Scoreboards. The NDX has now joined in on short-term weakness in price trend and condition. Our short-term market indicators are starting to get oversold, but they continue in their downward trend... Read More
DecisionPoint June 22, 2018 at 06:33 PM
The market has been turned back from the horizontal resistance drawn across the March top, but it has managed to stay above the support drawn across the May tops... Read More
DecisionPoint June 21, 2018 at 10:26 PM
We added two more SELL signals to the DecisionPoint Scoreboards. Both the SPX and OEX triggered Price Momentum Oscillator (PMO) SELL signals. Apparently someone forgot to tell the NDX that it was time to relinquish BUY signals... Read More
DecisionPoint June 20, 2018 at 06:28 PM
Yesterday the Dow lost its PMO BUY signal and today it's lost its Short-Term Trend Model BUY signal. Looking at the NDX Scoreboard sitting next to the Dow Scoreboard, a bifurcated market between NDX and Dow... Read More
DecisionPoint June 19, 2018 at 06:47 PM
The DecisionPoint Scoreboards nearly made it to "all green" as the NDX was the first to manage a PMO crossover on the weekly chart and the others seemed sure to follow until this recent pullback... Read More
DecisionPoint June 15, 2018 at 06:08 PM
The bearish rising wedge formation we had been watching resolved upward last week, though not by a decisive margin. This week price reached, then retreated from horizontal resistance, forming a top which created a new rising wedge formation... Read More
DecisionPoint June 13, 2018 at 09:14 PM
The DecisionPoint Scoreboards remain bullish, except for intermediate-term PMO SELL signals. Those should be replaced by BUY signals soon as all four indexes have rising PMOs... Read More
DecisionPoint June 12, 2018 at 06:27 PM
I have alerts set on my ChartList of sector SPDRs that alert me to Trend Model and PMO signal changes (Check our Support area for directions on how to set these). Today the alarm triggered when the Real Estate SPDR (XLRE) had a Long-Term Trend Model BUY signal... Read More
DecisionPoint June 08, 2018 at 06:03 PM
Rising wedge formations normally resolve downward, but sometimes they don't. While I was expecting the normal bearish resolution of the current rising wedge, the market wasn't having it, and it pressed higher for a breakout on Wednesday... Read More
DecisionPoint June 06, 2018 at 06:03 PM
So far this week, we had only two signal changes. The Dow moved from ST Trend Model Neutral and ST PMO SELL back to BUY signals after only a few days. The only area of concern for these Scoreboards is the IT PMO SELL signals which are found on the weekly chart... Read More
DecisionPoint June 05, 2018 at 06:52 PM
After yesterday's strong rally, the Dow managed to drop its bearish signals and collect two BUY signals in the short term. Today, the Dow was down slightly, but it didn't affect these signals which remained after the close... Read More
DecisionPoint June 01, 2018 at 06:18 PM
Last week I wrote: ". . . the market seems to be set up for a pullback or correction. . . . Recent declines have been very short-lived, so I can't make a case for anything too serious." What we got on the first trading day of this week was a sharp -1... Read More
DecisionPoint May 31, 2018 at 08:25 PM
With today's close, all of the monthly charts have 'gone final'. This means that any signals that appear on monthly charts are the final signals for the month... Read More
