DecisionPoint June 28, 2019 at 07:38 PM
So much of the time it seems we are waiting for some event that will determine what the market is going to do next. Last week it was waiting for the Fed. This week it was waiting for the meeting between President Trump and President Xi tomorrow... Read More
DecisionPoint June 26, 2019 at 09:09 PM
The market has cooled this week. There are no changes on the DP Scoreboard indexes, nor on the Sector Scoreboard. Indicators are starting to look worrisome, but we do need to see some digestion of last week's rally... Read More
DecisionPoint June 21, 2019 at 07:06 PM
The market closed at an all-time high on Thursday, then on Friday it hit an all-time intraday high; however, there are some technical problems: (1) a bearish rising wedge pattern has formed; (2) there is an OBV negative divergence; (3) volume has been thin since the June low; and... Read More
DecisionPoint June 19, 2019 at 10:30 PM
Yesterday, in a DP Bulletin, I covered the new IT BUY signals on the NDX and Dow. We should soon see the Dow's weekly PMO click a new IT BUY signal. That would only leave the Long-Term PMO SELL signals that still linger on the monthly charts... Read More
DecisionPoint June 18, 2019 at 05:36 PM
More changes to report on the DP Scoreboards, as well as a pending signal. Both the NDX and Dow Industrials garnered IT Trend Model BUY signals when the 20-EMA crossed above the 50-EMA for both. You'll note that the Dow is the only one left out on the IT PMO BUY signal train... Read More
DecisionPoint June 14, 2019 at 06:26 PM
Sometimes I can be a little slow on the uptake, and the monthly gold chart is the latest example. This week it dawned on me that gold is in its seventh year of forming a bullish saucer, which would be the reverse equivalent of a bearish rounded top... Read More
DecisionPoint June 13, 2019 at 12:01 AM
Today's Scoreboard shows a few changes, but I'm afraid these new BUY signals are arriving late. The NDX finally caught up with short-term BUY signals, and today we saw the SPX click a new IT Trend Model BUY signal when the 20-EMA crossed above the 50-EMA... Read More
DecisionPoint June 10, 2019 at 11:15 PM
On Friday, $INDU logged both a Short-Term Trend Model BUY Signal and a Price Momentum Oscillator (PMO) BUY signal. Today, the SPX and OEX joined the party. The NDX is extraordinarily close to those same BUY signals and should switch tomorrow... Read More
DecisionPoint June 07, 2019 at 06:36 PM
Some time ago on StockCharts TV I discussed volume ratios and how higher than normal ratios help identify climactic events and possible turning points. This week on Tuesday we had such an event when the SPX up volume divided by down volume produced a ratio of over 15... Read More
DecisionPoint June 05, 2019 at 07:30 PM
The number I've heard tossed around over the past few weeks regarding a gold rally is a move to $1340. Well, in just a few days, we have popped above that, and the chart suggests we will continue to see more rallying... Read More
