DecisionPoint

March 2019

DecisionPoint

DP WEEKLY/MONTHLY WRAP: Broad Market Divergences

by Carl Swenlin

This is a new chart I will be adding to my weekly commentary. My concentration has always been on the S&P 500 Index, but I realized that I needed to broaden my scope somewhat to include other segments of the the broad market, and this is my first effort... Read More 

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DP Alert: Short-Term Shake Up on Scoreboards - Bearish Wedge Nearly Executes

by Erin Swenlin

The OEX and Dow lost short-term BUY signals on Monday and the NDX followed today, having switched out of a ST PMO BUY signal. I thought it was time to do a review of the Scoreboard indexes, so their charts are below... Read More 

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DP WEEKLY WRAP: Fakeout Breakout; Bond Blastoff

by Carl Swenlin

Last week certain indicators had me looking for a short-term market top, and on Wednesday it looked as if it had arrived. But no. On Thursday the market moved to new rally highs on volume that wasn't too little or too much, so I thought that looked like a pretty solid breakout... Read More 

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DP Alert: SPX Momentum Failure - Negative Divergence on ST Indicators - Broken Dollar

by Erin Swenlin

The Price Momentum Oscillator (PMO) has topped underneath the signal line, something I consider especially bearish in the short term. Our short-term indicators have presented another "attention flag" divergence, which could be pointing to a more lasting decline... Read More 

DecisionPoint

DP WEEKLY WRAP: Short-Term Top Soon?

by Carl Swenlin

At the end of last week I was looking forward to some more selling to extend the decline that had started from the March 4 top. But no. Price rebounded off last Friday's low, eventually setting a new high for the rally off the December lows... Read More 

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DP Alert: Oil (USO) and Bonds (TLT) Trigger New PMO BUY Signals

by Erin Swenlin

We have a new signal to add to the DecisionPoint Scoreboards, as the OEX triggered a Long-Term BUY signal on Monday. All of the large-cap Scoreboard indexes are now on Trend Model BUY signals in three timeframes... Read More 

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DP WEEKLY WRAP: Market Breaks, Gold Fakes

by Carl Swenlin

It took over two weeks, but the market top we've been looking for finally materialized. Price broke down through a rising bottoms line that goes back to the beginning of January. Also violated was the bottom of the trading range that has lasted over two weeks... Read More 

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DP Alert: SPX Triggers New Short-Term PMO SELL Signal - Wedge Finally Breaks Down

by Erin Swenlin

This will be fairly brief today, as I am in the process of moving to a new home and it's a bit crazy over here. It's important to note the new ST PMO BUY signal, which occurred on a PMO positive crossover on the SPX daily chart... Read More 

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DP Bulletin: LT Trend Model BUYs on SPX and NDX - ST PMO SELL on Dow

by Erin Swenlin

The new Long-Term Trend Model (LTTM) BUY signals triggered on the SPX yesterday (3/4) and on the NDX today (3/5). We are probably seeing these just in time for a pullback or correction ahead. The Dow seems to agree, as it generated a new ST PMO SELL signal... Read More 

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DP WEEKLY/MONTHLY WRAP: Internals Overbought and Topping

by Carl Swenlin

The McClellan Summation Index (ratio-adjusted version) has had the longest uninterrupted upside run since 2003, when the market was coming up off of the 2000-2002 bear market lows... Read More