DecisionPoint January 30, 2019 at 08:14 PM
The market rallied nicely this morning. It started by pulling back slightly, before the less hawkish announcement that came out of the FOMC resulted in the rally pushing higher. DecisionPoint Scoreboards point to short-term strength, with BUY signals in the short term... Read More
DecisionPoint January 29, 2019 at 05:41 PM
Last week, the Consumer Discretionary/Cyclicals SPDR posted a new Intermediate-Term Trend Model (ITTM) BUY signal. Today, the Financial SPDR (XLF) joined in with its own ITTM BUY signal... Read More
DecisionPoint January 25, 2019 at 06:47 PM
Last week we were focused on the SPY rising wedge formation, the technical expectation for which was that it would break down. Well, on Tuesday it did break down, but there was no follow through afterwards... Read More
DecisionPoint January 23, 2019 at 07:08 PM
The DecisionPoint Scoreboards are all bullish in the short term. The bearish rising wedge executed yesterday and the indicators are supporting a decline in the shorter term... Read More
DecisionPoint January 18, 2019 at 07:51 PM
Just last week I wrote: There are two impending fundamental events to which the market is likely to react positively: (1) resolution of the trade issues with China; and (2) ending the government shutdown... Read More
DecisionPoint January 16, 2019 at 08:52 PM
Right now, our short-term indicators (and even our climactic ones) are suggesting decline. The rising wedge formation on the SPX is quite bearish, but I also see it as being "mature." This means that price is getting very close to the apex of the wedge... Read More
DecisionPoint January 15, 2019 at 07:06 PM
I decided to review the Sector Summary, Sector CandleGlance Charts and our DP Sector Scoreboard to see which sector(s) were "winners." In all honesty, depending on the timeframe, various sectors rein supreme... Read More
DecisionPoint January 11, 2019 at 06:02 PM
One of my favorite chart patterns is the wedge. Rising or falling, they arrive frequently and usually resolve predictably. On this chart there happen to be two rising wedge formations. The first one led us into the bull market top in September/October of 2018... Read More
DecisionPoint January 09, 2019 at 07:47 PM
I took a peek at these new Short-Term Trend Model (STTM) BUY signals on the DP Scoreboards. After view the charts, I came to the conclusion that, as Pat Benatar once put it, "It's a little too little, it's a little too late... Read More
DecisionPoint January 08, 2019 at 07:15 PM
A few months ago, a viewer of MarketWatchers LIVE commented that, when I talk about my Climactic Indicator chart which includes both breadth and the $VIX, it often sounds like "vixen breath"... Read More
DecisionPoint January 04, 2019 at 06:32 PM
With another short-covering rally, I am reminded that the primary benefit of using price charts is that they provide context... Read More
DecisionPoint January 02, 2019 at 06:52 PM
**Special Announcement** Don't miss this Friday's DecisionPoint show at 4:30pm EST on StockCharts TV, where Carl will be joining me to discuss our outlook for 2019! During today's MarketWatchers LIVE show, I showed viewers what the DP Scoreboards looked like at the beginning of 2... Read More
