DecisionPoint

May 2019

DecisionPoint

DP WEEKLY/MONTHLY WRAP: Intermediate-Term Trend Model Back to NEUTRAL from BUY

by Carl Swenlin

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 

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DP Alert: Scoreboard Indexes Nearing Neutral Signals - More Whipsaw on UUP PMO

by Erin Swenlin

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 

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DP WEEKLY WRAP: "Golden Cross" Index Generates SELL Signal

by Carl Swenlin

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 

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DP Mid-Week Review: ST Indicators Top Too Soon - TLT Stalling at Resistance

by Erin Swenlin

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 

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DP WEEKLY WRAP: Double Top Scenario Still Fits

by Carl Swenlin

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 

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DP Alert Mid-Week: ST Indicators Rising Quickly, Not Necessarily Good - XLB ITTM Neutral Signal

by Erin Swenlin

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 

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Climactic Indicators Suggest Possible Buying Initiation

by Erin Swenlin

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 

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DP WEEKLY WRAP: Double Top In Progress

by Carl Swenlin

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 

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DP Bulletin: NDX and OEX New ST Trend Model Neutral Signals

by Erin Swenlin

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 

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DP Alert: SPX Neutral Signal - I Spy a Bullish Falling Wedge on Gold - XLE ITTM SELL Signal

by Erin Swenlin

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 

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DP Bulletin: New ST Trend Model Neutral Signal on the DOW - First to Fall

by Erin Swenlin

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 

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DP WEEKLY WRAP: Nasdaq Composite Record High Not Supported by Internals

by Carl Swenlin

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 

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DP Bulletin: OEX Triggers ST PMO SELL Signal

by Erin Swenlin

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 

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DP Alert: PMO SELL Signals on SPX & NDX - Gold Sentiment Very Bearish

by Erin Swenlin

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