DecisionPoint October 31, 2018 at 07:36 PM
It's been some time since I've written about the monthly charts. Carl usually is the lucky one to cover them given the end of the month often hits on a Friday when he writes the Weekly Wrap... Read More
DecisionPoint October 30, 2018 at 07:14 PM
I'm going to show you one of the ways you can use a "DecisionPoint" CandleGlance ChartStyle to immediately see, on one page, the health of all market sectors... Read More
DecisionPoint October 26, 2018 at 06:53 PM
I normally don't show an in-progress monthly chart because a monthly chart isn't final until the end of the month, but this week's market action was so severe, I thought that a 'big picture' view would be most helpful... Read More
DecisionPoint October 24, 2018 at 07:01 PM
Today's sell-offs (over 3% on the SPX , almost 4.5% on the Nasdaq and 3.79% drop on the Russell 2000) were deep and painful, but you don't need me to tell you that. I would like to be the bearer of good news, but I can't find much out there... Read More
DecisionPoint October 22, 2018 at 05:49 PM
On Friday, after the market closed, the Dow saw its Price Momentum Oscillator (PMO) on the weekly chart sink below its signal line, generating an IT PMO SELL signal. Today, insult was added to injury as a new IT Trend Model Neutral signal triggered... Read More
DecisionPoint October 19, 2018 at 07:02 PM
Despite a great rally on Tuesday, a sharp decline on Thursday took it all back, and the market finished the week barely changed. This was an options expiration week, so I think that probably had something to do with it... Read More
DecisionPoint October 17, 2018 at 06:58 PM
A mere two weeks ago, the Sector Signal Scoreboard (2nd slide below) was all "green" as each sector was on IT Trend Model BUY signals. The DP Scoreboards below were completely green at the beginning of September... Read More
DecisionPoint October 16, 2018 at 06:26 PM
This morning on MarketWatchers LIVE, Tom and I were very cautious regarding today's rally. John Murphy and Arthur Hill are bearish. Carl is undecided but erring on the side of caution... Read More
DecisionPoint October 15, 2018 at 07:22 PM
I've been updating these Scoreboards frequently starting on October 5th. Three very important signal changes arrived Friday and today... Read More
DecisionPoint October 12, 2018 at 06:38 PM
"The road to trading glory is littered with the bodies of those who tried to pick bottoms." -- Carl Swenlin (once upon a bad day) To use an expression made popular by the late Kennedy Gammage, bottom picking is for "swingin' riverboat gamblers... Read More
DecisionPoint October 11, 2018 at 06:32 PM
The Intermediate-Term Trend Model Neutral signal generated today on the Nasdaq 100 (NDX) replaced a May 9, 2018 BUY signal. It was another exhausting day as we watched the correction continue with prices free falling lower... Read More
DecisionPoint October 10, 2018 at 06:56 PM
We had another change to the DecisionPoint Scoreboards today. The Short-Term Trend Model initiated a Neutral signal on the Dow (chart is below Scoreboards) when the 5-EMA crossed below the 20-EMA while above the 50-EMA... Read More
DecisionPoint October 10, 2018 at 05:34 PM
After a day like this, the first question I ask is where is support? That question is not fully answered on this daily chart, but there is something worth noting here... Read More
DecisionPoint October 09, 2018 at 05:38 PM
Another BUY signal is lost on the DP Scoreboard Summary. The OEX joins the SPX and NDX with a new ST Trend Model Neutral Signal. Interestingly, today the equal-weight Nasdaq 100 ETF (QQEW) logged a new IT Trend Model Neutral signal... Read More
DecisionPoint October 08, 2018 at 06:19 PM
Just a quick bulletin for my readers. The SPX just triggered a Short-Term Trend Model Neutral signal. The 5-EMA crossed below the 20-EMA while the 20-EMA was above the 50-EMA which generated the Neutral signal v. a SELL signal... Read More
DecisionPoint October 05, 2018 at 07:19 PM
The root cause of the Financial Crisis was real estate speculation combined with Wall Street's perennial, casual disregard for other people's money... Read More
DecisionPoint October 04, 2018 at 09:10 PM
Well that didn't last long. The NDX had finally joined the Dow with a Scoreboard complete with BUY signals on Friday. Today's pullback erased that as the PMO was yanked downward and back under its signal line... Read More
DecisionPoint October 03, 2018 at 05:46 PM
No new changes on the DecisionPoint Scoreboards since last week's PMO BUY signal on the NDX. Hard to believe the OEX and SPX haven't followed suit with the Dow and NDX. The OEX is nearing the BUY signal and should trigger tomorrow barring a large decline... Read More
DecisionPoint October 01, 2018 at 11:09 AM
On Friday, the Nasdaq 100 (NDX) switched to a Short-Term Price Momentum Oscillator (PMO) BUY signal. It joins the Dow which already had a PMO BUY signal that was logged on 9/19/18. The SPX and OEX are the laggards right now. I've annotated the PMO BUY signal... Read More
