DecisionPoint

June 2018

DecisionPoint

DP Weekly Wrap: Monthly Charts Finalized

by Carl Swenlin

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 

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DP Alert: Dow and Materials (XLB) Log ITTM Neutral - Dollar & Oil Killing It!

by Erin Swenlin

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 

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DP Scoreboards Shout Short-Term Weakness

by Erin Swenlin

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 

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DP Weekly Wrap: Market Trying to Correct; Gold LT SELL Signal

by Carl Swenlin

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 

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DP Bulletin: SPX and OEX Trigger PMO SELL Signals

by Erin Swenlin

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 

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DP Alert: Dollar (UUP) PMO BUY Signal - Dow Loses Another BUY Signal

by Erin Swenlin

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 

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DP Bulletin: Dow First to Lose Its PMO BUY Signal - Will Others Follow?

by Erin Swenlin

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 

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DP Weekly Wrap: Market Still Strong

by Carl Swenlin

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 

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DP Alert: Short-Term Bearish Indicators - Gold Decouples from Dollar

by Erin Swenlin

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 

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Real Estate Sector SPDR (XLRE) Shows LT New Bullish Bias

by Erin Swenlin

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 

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DP Weekly Wrap: Market Approaching Overhead Resistance

by Carl Swenlin

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 

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DP Alert: Indicators Bullish, But Beware Very Short-Term Buying Exhaustion

by Erin Swenlin

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 

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Dow Whipsaws Back to Short-Term BUY Signals

by Erin Swenlin

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 

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DP Weekly Wrap: A Pullback Is Still Likely

by Carl Swenlin

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 

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Monthly Charts Go Final - Long-Term Outlook

by Erin Swenlin

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