DecisionPoint

July 2018

DecisionPoint

DP Bulletin: SPX Triggers New PMO BUY Signal on Weekly Chart

by Erin Swenlin

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 

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DP Weekly Wrap: Strange Behavior

by Carl Swenlin

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 

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Is Facebook (FB) a Bottom Feeding Candidate?

by Erin Swenlin

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 

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DP Alert: Stock Prices Spike on US/EU Trade Success

by Erin Swenlin

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 

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S&P 400 Stumbles with New PMO SELL Signal - Small-Cap Momentum Continues to Deteriorate

by Erin Swenlin

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 

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DP Weekly Wrap: Dull Options Expiration Week; Next Week May Be More Exciting

by Carl Swenlin

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 

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DP Alert: Short-Term Indicators Back to Neutral - PMO SELL Signal for Bonds

by Erin Swenlin

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 

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Materials Sector Picks Up Momentum

by Erin Swenlin

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 

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DP Weekly Wrap: Bonds Long-Term BUY Signal

by Carl Swenlin

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 

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NDX Snags a PMO BUY Signal - NDX ST Indicators Still Very Overbought

by Erin Swenlin

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 

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DP Alert: Dow Squeaks a PMO BUY Signal - ST Indicators Very Overbought

by Erin Swenlin

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 

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DP Scoreboards Turning Green, But Beware Short-Term Weakness

by Erin Swenlin

We've had a few signal changes arrive the past few trading days that you should be aware of... Read More 

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DP Weekly Wrap: SPY Short-Term BUY Signal

by Carl Swenlin

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 

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Momentum is on the Rise for Large-Cap Index Components

by Erin Swenlin

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