DecisionPoint

November 2018

DecisionPoint

DP Weekly/Monthly Wrap: The Monkey Did It

by Carl Swenlin

I usually spend my days at my desk noodling on the computer, reading, and casually watching business television with the sound off. (My idea of retirement... Read More 

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DP Bulletin: ST PMO BUY Signals on all Four Scoreboards - ITTM BUY for Very Bullish Healthcare SPDR (XLV)

by Erin Swenlin

This is just a quick summary of the new DecisionPoint signals that came in. Yesterday, the SPX logged a new ST PMO BUY Signal on the "relief rally." Despite declines on the remaining indexes, they all managed to trigger new ST PMO BUY signals... Read More 

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DP Alert: Dovish Fed = Relief Rally + New PMO BUY Signal for SPX

by Erin Swenlin

In the midst of recording this morning's MarketWatchers LIVE show, the Fed Chairman Powell's remarks were released. They were dovish and the market rallied in relief. The rally was strong enough to pull the ST Price Momentum Oscillator (PMO) upward and trigger a new BUY signal... Read More 

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Rising Dollar Logs New PMO BUY Signal - IT Picture Bullish

by Erin Swenlin

The Dollar has been plugging along quietly in a gently rising trend channel, while the Price Momentum Oscillator (PMO) has moved right along with it. A little over a week ago, the PMO crossed below its signal line and logged a PMO SELL signal... Read More 

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DP Weekly Wrap: Looks Like a Bear to Me

by Carl Swenlin

This monthly chart doesn't become final until the end of this month (next Friday), but there is strong evidence here that we are in a bear market. The cyclical bull market rising trend line has been decisively broken, and the monthly PMO is below the signal line and falling... Read More 

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PMO Preludes to Bear Markets - New PMO SELL Signals on Scoreboards

by Erin Swenlin

The Price Momentum Oscillators (PMOs) seem to have a few unusual characteristics in the period before bear markets. I believe that the current PMO set-up on the SPX is dangerously close to mimicking those bear market preludes... Read More 

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DP Weekly Wrap: Does SPY Have Bullish Reverse H&S? Gold Sentiment Is Looking Contrarian

by Carl Swenlin

A lot of people are seeing a reverse head and shoulders pattern developing, and it is really not hard to spot. From Friday's close, it will take a rally of a little less than 3% for price to reach the neckline. Add another 4.5% and new, all-time highs will be made... Read More 

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DP Alert: Two More ST SELL Signals - Monthly PMO SELL Signals Likely

by Erin Swenlin

Before I get into the nitty gritty here, I want to relate a story of what literally (yes, literally) just happened to me about 10 minutes ago... Read More 

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DP Bulletin #2: SPX Adds Short-Term Trend Model SELL Signal

by Erin Swenlin

The OEX added a ST Trend Model SELL signal yesterday, and today the SPX will join with its own ST Trend Model SELL signal. These signals are generated on 5/20-EMA crossovers. When it is a positive crossover, it is a BUY signal... Read More 

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DP Bulletin: OEX First to Log Short-Term SELL Signal

by Erin Swenlin

The whipsaw Short-Term Trend Model BUY signal generating on the OEX Friday below its 50-EMA was the culprit for today's ST Trend Model SELL signal. Remember that ST Trend Model signals are generated by 5/20-EMA crossovers in relation to the 50-EMA... Read More 

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DP Weekly Wrap: Break or Fake?

by Carl Swenlin

Last week SPY was below the cyclical bull market rising trend line. This week there was a post-election pop on Wednesday that caused SPY to recapture that rising trend line... Read More 

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DP Alert: Momentum Shift - New PMO BUY Signals on DP Scoreboards

by Erin Swenlin

Lots of new BUY signals are appearing on the DecisionPoint Scoreboards in the short-term timeframe. This is good news for bulls, but I don't think they can breathe easy just yet. This rally reminds me of the last big rally we had in October that was not fueled by heavy volume... Read More 

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DP Bulletin: Dow and SPX Log New BUY Signals

by Erin Swenlin

The Dow and SPX both triggered PMO BUY signals after the close yesterday. In addition, the Dow printed a ST Trend Model BUY signal. I will be writing a more comprehensive blog this evening on these signal changes that occurred on the close yesterday... Read More 

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AAPL: Another Parabolic Breakdown

by Carl Swenlin

Apple, Inc. (AAPL) is nothing if not repetitive. AAPL experiences frenzied, parabolic advances that are followed by equally dramatic corrections. This has happened no less than three times in the last 11 years with an average correction of -48%... Read More 

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DP weekly Wrap: Not a Good BUY Signal

by Carl Swenlin

In the Weekly Wrap I have been saying that a short-term buy of SPY should not be considered until the daily PMO turns up. As it happens, the PMO turned up on Thursday, but I must confess that I wasn't thrilled... Read More