DecisionPoint

January 2019

DecisionPoint

DP Alert: Gold Breaks Out and Adds PMO BUY Signal - Dollar PMO SELL Signal

by Erin Swenlin

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 

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Financial SPDR (XLF) Adds New IT Trend Model BUY Signal

by Erin Swenlin

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 

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DP Weekly Wrap: Rising Wedge Breakdown Sets Less Accelerated Rising Trend Line

by Carl Swenlin

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 

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DP Alert: Selling Initiation Signals - Dollar (UUP) New PMO BUY Signal

by Erin Swenlin

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 

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DP Weekly Wrap: Trade News Dominates; Technicals Lurk

by Carl Swenlin

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 

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DP Alert: Short-Term Indicators and Mature Rising Wedge Suggest a Downturn

by Erin Swenlin

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 

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And the Winning Sector is....

by Erin Swenlin

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 

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DP Weekly Wrap: Expect Breakdown from Rising Wedge

by Carl Swenlin

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 

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DP Alert: New ST BUY Signals on DP Scoreboards - LT BUY for Gold

by Erin Swenlin

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 

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Exhausting Vixen Breath...(Or 'VIX and Breadth' Buying Exhaustion)

by Erin Swenlin

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 

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DP Weekly Wrap: The Market Eats the Shorts Again, but Context Helps Preserve Sanity

by Carl Swenlin

With another short-covering rally, I am reminded that the primary benefit of using price charts is that they provide context... Read More 

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DP Alert: Signal Changes Galore! Dow, UUP, USO, TLT

by Erin Swenlin

**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