DecisionPoint

October 2018

DecisionPoint

DP Alert: Monthly Charts Go "Final"

by Erin Swenlin

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 

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"DecisionPoint" Sector CandleGlance - Finding PMO Clues - XLF, XLB and XLV

by Erin Swenlin

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 

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DP Weekly Wrap: Bull Market Trend Line Broken

by Carl Swenlin

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 

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DP Alert: Afternoon Sell-Off - Indicators Oversold, Not at Extremes

by Erin Swenlin

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 

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DP Bulletin #1: Final Intermediate-Term BUY Signal Lost - Long Term Stays Bullish on All Scoreboards

by Erin Swenlin

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 

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DP Weekly Wrap: Bear Market Yet? Waiting for Retest. Gold New BUY Signal.

by Carl Swenlin

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 

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DP Alert: Sector Signal Scoreboard Pocked with New Neutral Signals

by Erin Swenlin

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 

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Irrational Exuberance? Yes - OEX Loses IT Trend Model BUY Despite Rally

by Erin Swenlin

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 

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Intermediate-Term Trend Model NEUTRAL on SPX! More Buy Signals Extinguished

by Erin Swenlin

I've been updating these Scoreboards frequently starting on October 5th. Three very important signal changes arrived Friday and today... Read More 

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DP Weekly Wrap: Picking Bottoms

by Carl Swenlin

"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 

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NDX IT Trend Model Neutral Signal - Climactic Breadth Readings Continue

by Erin Swenlin

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 

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DP Alert: Climactic Breadth Readings Could Signal Selling Exhaustion - ST Neutral on Dow

by Erin Swenlin

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 

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Where Is Support?

by Carl Swenlin

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 

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DP Bulletin #2: OEX New ST Neutral Signal - QQEW New IT Neutral Signal, NDX Next?

by Erin Swenlin

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 

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DP Bulletin #1: SPX - New ST Trend Model Neutral Signal

by Erin Swenlin

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 

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DP Weekly Wrap: Will Real Estate Be the Killer? Again?

by Carl Swenlin

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 

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DP Bulletin #2: NDX Loses 3 Day-Old PMO BUY Signal

by Erin Swenlin

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 

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DP Alert: Head & Shoulders Pattern Activates on TLT Correction

by Erin Swenlin

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 

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DP Bulletin: NDX Adds Short-Term PMO BUY Signal

by Erin Swenlin

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