DecisionPoint

August 2019

DecisionPoint

DP WEEKLY WRAP: Seriously Suspecting September Seasonality

by Carl Swenlin

The month of September has a reputation for being a bad month for the stock market. After the October 1987 Crash, the month of October carried a bad rep for years, but more recently we are told that it's really September we have to watch out for. On the old decisionpoint... Read More 

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DP Mid-Week Alert: Volatility Still a Problem

by Erin Swenlin

The DecisionPoint Scoreboards are still very bearish; in spite of a recovery this week so far (1.43% higher for the SPX), the charts aren't favorable. I've analyzed volatility, breadth and our indicators and was only able to find one note of positivity... Read More 

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DP WEEKLY WRAP: Inversion Aversion; Failed Double Bottom

by Carl Swenlin

The oft-referenced "yield curve" refers to the relationship between the yield of the 10-Year T-Bond and the 2-Year T-Bond... Read More 

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DP Mid-Week Alert: Dow Loses IT PMO Buy - Indicators Moving Bullish

by Erin Swenlin

The market continues to churn and consolidate sideways this week. The good news is that our indicators are starting to perk up. As of last Friday, the Dow generated a new IT Price Momentum Oscillator (PMO) SELL signal. Basically, the weekly PMO dropped below its signal on Friday... Read More 

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DP WEEKLY WRAP: All That Drama for a Net Change of Less Than One Percent for the Week

by Carl Swenlin

On the last trading day of July the market (SPY) resolved a rising wedge pattern with the expected breakdown, and that began what has turned out to be a very turbulent August. (Note how the volume for almost every day has exceeded the one-year average... Read More 

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DP Mid-Week: More Like a Dead Mouse Bounce - IT Neutral Signals

by Erin Swenlin

The market has been flinging us around a lot this past week. I had been looking for a better bounce off the 200-EMA than we got; usually we use the term "dead cat" bounce, but in this case it was so small that I call it a "dead mouse" bounce... Read More 

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DP Mid-Week Alert: Possible Silver Lining on the Short-Term Horizon

by Erin Swenlin

It's been a difficult week for the markets since the last publication of the Mid-Week Alert and the knife is falling fast. However, I'm putting my hands out there right now to catch it based on signs of life on our short-term indicators... Read More 

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DP WEEKLY WRAP: Was Technical Analysis At All Helpful This Week?

by Carl Swenlin

While I work, I watch a business news channel with the sound turned down. It's not really a necessary activity, it's just what I do... Read More 

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Monthly Chart Review | SELL Signals on Major Indexes | Double-Top on SPX

by Erin Swenlin

While the Fed didn't do anything unexpected, market participants were not excited about the language of Chairman Powell. The 10-minute bar chart below shows the spike in volume that finished the day, which is the biggest volume finish in the past two weeks... Read More