DecisionPoint July 27, 2018 at 06:02 PM
The weekly PMO BUY signal was missed by only .02 points last week, but this week it managed to log it. The Dow now remains as the only Scoreboard with a "red arrow" or SELL signal. You'll see on the weekly chart that it is nearing that signal... Read More
DecisionPoint July 27, 2018 at 06:01 PM
Last week I thought we had a good setup for a short-term market top and correction, but news of possible progress toward a resolution of trade issues with the EU spurred the market (SPY) higher to challenge all-time highs... Read More
DecisionPoint July 26, 2018 at 07:07 PM
Dominating the news today is Facebook and its crash to earth in one day, finishing the day down almost 20%. This has been a strong stock in a strong sector, but a poor earnings report took down Facebook, and also took down the NDX about 1... Read More
DecisionPoint July 25, 2018 at 08:20 PM
New trade deals were announced regarding US-EU tariffs and that seems to have given the market an adrenaline shot. However, on the flip side, Facebook's earnings report miss is wreaking havoc on after hours trading for the technology sector... Read More
DecisionPoint July 24, 2018 at 05:19 PM
This morning while broadcasting the final market update during the MarketWatchers LIVE show, I commented on the bifurcation of the market. Large-Caps in general were enjoying a rally, but mid- and small-caps were running to the downside... Read More
DecisionPoint July 20, 2018 at 06:04 PM
I normally expect options expiration week to be dull, and with this week's range of less than one percent, I was not disappointed... Read More
DecisionPoint July 18, 2018 at 06:57 PM
The quick drop of short-term indicators is a case in point on how "oscillators must oscillate" and that overbought conditions in a strong bull market can unwind through consolidation and are therefore, not necessarily a precursor to doom and gloom... Read More
DecisionPoint July 17, 2018 at 06:24 PM
Today, both the Materials SPDR (XLB) and the equal-weight Materials ETF (RTM) posted new Price Momentum Oscillator (PMO) BUY signals. With talk of a trade war, many investors believe that the Materials sector could provide a decent hedge... Read More
DecisionPoint July 13, 2018 at 05:33 PM
On Friday the Long-Term Trend Model (LTTM) for long bonds (TLT) generated a long-term BUY signal. How that happens is that the 50EMA crosses up through the 200EMA, an event more commonly known as the "Golden Cross," because big money is sure to follow (just kidding)... Read More
DecisionPoint July 12, 2018 at 07:11 PM
The NDX killed it today with a 1.69% move higher and logging a new all-time high. The other major Scoreboard indexes managed good numbers, but none above 1% or logging all-time highs. At issue with all of the Scoreboard indexes are extremely overbought short-term indicators... Read More
DecisionPoint July 11, 2018 at 05:45 PM
I mentioned in yesterday's blog that I was expecting the PMO BUY signals to come in on the Dow and NDX. Well, NDX missed the positive crossover by less than a tenth of a point, but I suspect it'll come in tomorrow barring a particularly bad day of selling... Read More
DecisionPoint July 10, 2018 at 08:07 PM
We've had a few signal changes arrive the past few trading days that you should be aware of... Read More
DecisionPoint July 06, 2018 at 06:14 PM
Wedges are a favorite of mine because they are so reliable. For example, there is a high probability that rising wedge formations will resolve downward, so it is usually best to wait for this resolution and the aftermath before going long... Read More
DecisionPoint July 05, 2018 at 07:15 PM
Although we haven't quite seen any changes on the DP Scoreboards in the "momentum" category, detailed analysis of the PMO in all three timeframes shows signs that components of these indexes are gaining positive momentum... Read More
