DecisionPoint

September 2018

DecisionPoint

DP Weekly/Monthly Wrap: Failure to Thrive

by Carl Swenlin

This chart was added almost as an afterthought in last Friday's DP Weekly Wrap, but throughout the week I kept thinking that it should elevated to the lead chart this week... Read More 

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DP Alert: Possible Selling Exhaustion in Very Short Term - Stubborn Gold

by Erin Swenlin

Advances minus declines readings over the past few days are suggesting a short-term selling exhaustion. And, what's up with Gold? It's been poised to breakout for some time and we're still waiting... Read More 

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Energy Sector Moves to IT BUY Signal - All Sectors, All on BUYs IT and LT

by Erin Swenlin

When I look at the DecisionPoint Sector Scoreboard, it is near impossible to be bearish in the longer term. When we see participation in all of the sectors that results in BUY signals across the board, the market is not generally vulnerable to a correction... Read More 

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DP Weekly Wrap: Two Indications of a Short-Term Top

by Carl Swenlin

The market (represented by SPY) has nearly reached the top of a rising wedge formation, and the VIX has reached the top Bollinger Band on our reverse scale display. There is no guarantee, but there is a pretty good chance that a short-term top is very near... Read More 

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Natural Gas (UNG) Ready to Catch Fire

by Erin Swenlin

Today I received two bullish email alerts on Natural Gas (UNG). First, the Short-Term Trend Model had triggered a BUY signal. This means the 5-EMA just crossed above the 20-EMA... Read More 

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DP Alert: Dow Takes the Lead with New PMO BUY Signal

by Erin Swenlin

Big news today was a new Price Momentum Oscillator (PMO) BUY signal on the Dow. I've noticed the bifurcation of the markets. Today saw a positive close for the Dow, OEX and SPX, but the NDX, $MID and $SML all closed lower... Read More 

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20-Year Bonds ETF (TLT) is "Officially" in a Bear Market

by Erin Swenlin

I've been trumpeting the bearish horn on TLT for some time, but today marked a series of unfortunate events for TLT. Just last week we saw a new IT Trend Model Neutral signal and today, we got the LT Trend Model SELL signal... Read More 

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DP Weekly Wrap: Gap Cleared. What's Next?

by Carl Swenlin

Last week I was concerned that the VIX had topped but had failed reach the top band on the chart -- a similar configuration occurred in January before the crash... Read More 

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DP Alert: Swenlin Trading Oscillators Are Perking Up - TLT IT Trend Model Neutral Signal

by Erin Swenlin

No changes to the DecisionPoint Scoreboards since the past week's PMO SELL signals were added. We've seen a slight rebound in the market the past few days and consequently, our short-term indicators are beginning to turn up from somewhat oversold territory... Read More 

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DP Bulletin #1: Momentum Moves Bearish on Scoreboard Indexes - SELL Signals Reinstated

by Erin Swenlin

As of today's market close, all four Scoreboards have moved back to PMO SELL signals. The OEX was the first to go on Thursday, followed by the SPX and NDX on Friday and the Dow today. Below are the daily charts for all four indexes with the new SELL signals annotated... Read More 

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DP Weekly Wrap: A Gap I Don't Like

by Carl Swenlin

Last week we were looking at a possible bearish island reversal on one hand, and nascent parabolic advance on the other. This week's decline filled the island gap, making the island proposition moot... Read More 

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No More All "Green" Scoreboards - OEX Loses PMO BUY Signal

by Erin Swenlin

The market in general is pulling back since making all-time highs last week so it isn't surprising to see PMOs now in decline. The OEX couldn't hold on to its PMO BUY signal and I suspect another decline will start flipping the other three indexes' PMOs to SELL signals as well... Read More 

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DP Alert: Short-Term Weakness Continues - Bonds Continue to Suffer But Holding Support

by Erin Swenlin

The DecisionPoint Scoreboards remain completely green, meaning all four indexes are on BUY signals in all three timeframes as far as price trend and condition. While it seems a condition we would want to celebrate, it suggests to me that the market is overextended... Read More 

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TLT Looking More and More Bearish - PMO SELL Signal - IT and LT Head & Shoulders

by Erin Swenlin

There were some new developments on the 20-year Bond ETF (TLT) that are tipping the scales bearish. We were already noticing some problems for Bonds in general, but volatile trading had made it difficult to decipher... Read More