DecisionPoint

April 2019

DecisionPoint

Dow Unable to Avoid Price Momentum Oscillator (PMO) SELL Signal

by Erin Swenlin

Since about the beginning of March, the SPX has been outperforming the Dow on an absolute basis. Looking at the December 26, 2018-April 30, 2019 PerfChart below,, the Dow is up just above 16%, which is certainly a win... Read More 

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DP WEEKLY WRAP: Steady, Quiet Advance. What's Up?

by Carl Swenlin

Since the market gapped up on the first of April, it has been quietly moving higher, making marginal new, all-time highs. Volume has been a bit thin, particularly for SPY... Read More 

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DP Alert: Volume Indicators Wave a Caution Flag

by Erin Swenlin

Naturally, right after I wrote a very bullish article, the market decided to humble me somewhat with a reversal today. Yesterday, I mentioned that all-time high price resistance is generally very difficult to break above decisively (3+%)... Read More 

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SPX Whipsaw Signals on Buying Initiation - PMO SELL Yesterday, PMO BUY Today

by Erin Swenlin

I had a feeling we would see a whipsaw right after I switched the SPX Scoreboard to a Price Momentum Oscillator (PMO) SELL Signal. The margin was incredibly thin between the PMO and its signal line... Read More 

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DP WEEKLY WRAP: New All-Time Highs, or Not?

by Carl Swenlin

As we can see on the chart below, none of the major market indexes have exceeded their previous all-time highs... Read More 

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DP Alert: Buying Exhaustion Alongside a Broadening Pattern - XLV IT Neutral Signal

by Erin Swenlin

At this point in the week, the SPX is down about 0.23%. I suspect there will be more downside to endure going into the last half of the week... Read More 

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Gold Loses Its Shine - IT Trend Model Neutral Signal - IT PMO SELL Signal Nearing

by Erin Swenlin

Today, DecisionPoint reported a new Intermediate-Term Trend Model Neutral signal on Gold to Timer Digest. The signal was triggered when the 20-EMA crossed below the 50-EMA. It wasn't a SELL signal, as the 20/50-EMA crossover occurred above the 200-EMA... Read More 

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DP WEEKLY WRAP: Nasdaq and NYSE Bullish Percent Lagging Behind

by Carl Swenlin

One of the market indicators available on StockCharts.com is the Bullish Percent Index (BPI), which calculates the percentage of stocks in a given index that are on point and figure BUY signals... Read More 

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DP Alert: New BUY Signal for Gold - TLT Rallies Off Support Despite PMO SELL Signal

by Erin Swenlin

There are no changes this week on the DecisionPoint Scoreboards or on the DecisionPoint Sector Scoreboard. The market appears strong, but there are a few items under the hood I'm concerned about... Read More 

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DP WEEKLY WRAP: Overhead Resistance Near; VIX Overbought

by Carl Swenlin

An inverted VIX with Bollinger Bands is a pretty good overbought/oversold indicator, and it is overbought when the VIX hits the upper band as it almost did today... Read More 

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DP Alert: ST PMO BUY Signals on All Four Scoreboard Indexes

by Erin Swenlin

Yesterday, the NDX started the PMO BUY signal party by adding the first Short-Term PMO BUY signal. Today, the other three indexes clicked ST PMO BUY signals as well. Below the Scoreboard are the charts of each signal. The Dow is struggling with overhead resistance... Read More