DecisionPoint

August 2018

DecisionPoint

DP Weekly/Monthly Wrap: Is Another Parabolic Advance Beginning?

by Carl Swenlin

This week, as the market once again broke out of the cyclical bull market rising trend channel, it occurred to me that perhaps another parabolic advance was getting under way... Read More 

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DP Alert: DP Scoreboards All "Green" - Dollar at a Decision Point

by Erin Swenlin

The last time all four of the DecisionPoint Scoreboards were completely "green" (or on BUY signals in all three time frames as far as price trend and momentum/condition) was back on 11/6/2017. It lasted only ONE day when the SPX whipsawed back into a PMO SELL signal on 11/7... Read More 

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DP Bulletin: Weekly PMO BUY Signal on Dow; PMO BUY Signals for OEX and SPX...NDX Lags

by Erin Swenlin

On Friday, the Dow finally saw its weekly PMO cross above its signal line and trigger a long awaited BUY signal. The SPX also added a new PMO BUY signal on its daily chart on Friday. Today, the OEX generated a ST PMO BUY signal... Read More 

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DP Weekly Wrap: SPY New All-Time Highs; Crude New BUY Signal; Has Gold Bottomed?

by Carl Swenlin

On Friday SPY made new, all-time intraday and closing highs, exceeding the records set on Tuesday. The daily PMO has been very flat and holding at around +1 since the end of July. This summarizes the steady price rise during that period and does not present a problem... Read More 

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Is Oil Ready to Gush?

by Erin Swenlin

Today I was alerted to a new Short-Term Trend Model BUY signal on USO. This signal is triggered when the 5-EMA crosses above the 20-EMA. When I went to take a look at the chart, I noted some very bullish characteristics that I thought I'd share... Read More 

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DP Alert: Market Indicators Suggest Short-Term Weakness - PMO SELL for Dollar

by Erin Swenlin

We've now entered the longest bull market on record when counted from the 2009 lows to the highs of yesterday... Read More 

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DP Bulletin: Dow Recovers PMO BUY Signal

by Erin Swenlin

The NDX's PMO is still in decline. The SPX and OEX have rising PMOs, but no short-term PMO BUY signals. However, the Dow has recaptured its PMO BUY signal on the daily chart... Read More 

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DP Weekly Wrap: Pushing New Highs, but Volume Not Impressive

by Carl Swenlin

On an options expiration week we normally expect low volatility, and that is what we got this week... Read More 

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DP Weekly Wrap: Skinny Breakout Fails

by Carl Swenlin

Last week I said I expected to see new, all-time highs for SPY, and on Monday that expectation was fulfilled in a marginal way... Read More 

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DP Alert: New PMO BUY Signal on NDX - Dollar Pulls Back a Little More

by Erin Swenlin

The DecisionPoint Scoreboards are nearly all "green" with BUY signals. Today the NDX completed its green Scoreboard with a PMO BUY signal on the daily chart. The Technology Sector (XLK) and the NDX ETF (QQQ) also logged new Short-Term PMO BUY signals... Read More 

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Dollar Gains Momentum, PMO BUY Signal Triggered

by Erin Swenlin

Yesterday's breakout on UUP was impressive and although the Dollar pulled back slightly today, it didn't matter to the Price Momentum Oscillator (PMO) as it crossed its signal line and triggered a BUY signal... Read More 

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DP Weekly Wrap: Apple Hits $1 Trillion

by Carl Swenlin

On Thursday, when Apple's (AAPL) market cap went over the $1 trillion mark, Dennis Gartman (The Gartman Letter) said something to the effect that this is the kind of thing we see at market tops, not in the middle of a long advance. I felt the same way... Read More 

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NDX Erases ST Neutral Signal - Insult to Injury...TLT Adds Another SELL Signal

by Erin Swenlin

The ST Trend Model Neutral signal that the NDX carried for a few days gave way to a new BUY signal as the 5-EMA launched above the 20-EMA on today's strong rally. I've annotated the change on the DecisionPoint Scoreboards below... Read More 

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DP Alert: TLT Triggers a Long-Term SELL Signal - Monthly Chart Review

by Erin Swenlin

The monthly charts 'went final' yesterday after the market closed, so it's time to review and prepare for next month. I highly recommend you check out the video version on today's MarketWatchers LIVE show where I had more time and space to discuss... Read More 

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DP Bulletin: NDX Loses Its Short-Lived BUY Signals

by Erin Swenlin

The DecisionPoint Scoreboards were blemished by the loss of the green BUY signals on the NDX. The weekly PMO on the Dow has been holding out for awhile, but it is rising suggesting momentum is still positive in the intermediate term... Read More