DecisionPoint May 31, 2019 at 06:57 PM
Today the SPY 20EMA crossed down through the 50EMA and the IT Trend Model for SPY changed from BUY to NEUTRAL. As usual, this signal is an information flag to encourage us to take a closer look at the situation... Read More
DecisionPoint May 29, 2019 at 06:13 PM
I was somewhat surprised that the SPX, NDX and OEX did not lose their IT Trend Model BUY signals today. However, I would look for those signal changes tomorrow after the close. In order to avoid these Neutral signals, price would need to climb above the 50-EMA... Read More
DecisionPoint May 24, 2019 at 07:02 PM
When the 50EMA crosses up through the 200EMA, it is commonly known as a "Golden Cross," because it signals the potential for a long-term bullish outcome... Read More
DecisionPoint May 22, 2019 at 07:57 PM
No changes on the DecisionPoint Scoreboards. The short-term is still weak; our short-term Swenlin Trading Oscillators turned down this week after barely reaching positive territory. TLT rallied further but was unable to push past strong resistance at the March high... Read More
DecisionPoint May 17, 2019 at 05:40 PM
Last week I asserted that the market was in the process of forming a major double top. This week, in spite of some price action attempting to refute that assertion, the double top is still evolving... Read More
DecisionPoint May 15, 2019 at 07:42 PM
Short-term signals on the DecisionPoint Scoreboards below certainly reflect the market's weakness this month. It would seem that we are bouncing at a critical juncture... Read More
DecisionPoint May 14, 2019 at 06:55 PM
At present, it appears that the DecisionPoint climactic indicator chart could be suggesting a possible buying initiation. This is tricky. With volatility so high right now, often what appears to be an initiation isn't always the case... Read More
DecisionPoint May 10, 2019 at 06:39 PM
A few weeks ago, when the market began challenging the 2018 price highs, I pointed out that there was a potential for a double top. Since then, a second top has clearly formed, and the potential for more downside must be considered... Read More
DecisionPoint May 09, 2019 at 04:53 PM
Just a short note to alert readers to the two new Short-Term Trend Model Neutral signals on the NDX and OEX. These signals are triggered when the 5-EMA crosses below the 20-EMA while ABOVE the 50-EMA. If the crossover occurs BELOW the 50-EMA, then you have a STTM SELL signal... Read More
DecisionPoint May 08, 2019 at 06:51 PM
The Dow Industrials generated a ST Trend Model Neutral signal yesterday. Now, the SPX joins in with its own STTM Neutral signal. XLE triggered a new IT Trend Model SELL signal, the first to appear on the DecisionPoint Sector Scoreboard in some time... Read More
DecisionPoint May 07, 2019 at 06:40 PM
Just a quick bulletin to let you know the Dow Industrials lost the Short-Term Trend Model BUY signal, meaning it has now moved to "Neutral." The 5-EMA crossed below the 20-EMA, which is what triggered the signal change... Read More
DecisionPoint May 03, 2019 at 07:03 PM
This week the Nasdaq Composite Index closed at a new, all-time high, but the Bullish Percent Index (BPI) is a long way from confirming that. The BPI is the percentage of Nasdaq Composite stocks that are on point and figure BUY signals, and Friday's reading is 55%... Read More
DecisionPoint May 02, 2019 at 06:31 PM
The OEX hopped on board the SELL signal train as its Price Momentum Oscillator (PMO) crossed below its signal line, which triggered its own Short-Term PMO SELL Signal. A rising wedge was nearly executed today to the downside... Read More
DecisionPoint May 01, 2019 at 07:16 PM
The Dow flipped to a new PMO SELL signal on Monday; today, we saw the SPX and NDX join in. These are just more signs that the market is angling for a pullback or correction... Read More
