DecisionPoint September 30, 2019 at 06:49 PM
We certainly had an improvement in Diamond Scan results, as I saw 18 v 11 on Friday and only 90 on the Diamond Dog Scan. Also of interest, the Dogs that presented themselves showed minimal results for Utilities, Consumer Staples and Real Estate (a total of 9 of the 90)... Read More
DecisionPoint September 27, 2019 at 08:22 PM
My bullish scans continue to provide a small amount of results. Today, the Diamond Scan revealed 11 results, which is down from the 18 I had yesterday. The Diamond Dog Scan continues to produce numerous shorts. Today, there were 138, which is up from 119 yesterday... Read More
DecisionPoint September 27, 2019 at 06:58 PM
The July and September price tops are virtually identical, so I am assuming that a double top is in progress; however, it won't be a official double top until price drops below the confirmation line... Read More
DecisionPoint September 26, 2019 at 08:53 PM
The bullish results for my scans are thinning quite a bit. Today, the Diamond Scan produced 18 results while the Diamond Dog Scan produced 119. That's a small increase for the bulls (+8) and a slight decrease (-16) for bears... Read More
DecisionPoint September 25, 2019 at 10:25 PM
The bullish results for my scans are thinning quite a bit. Today, the Diamond Scan produced 10 results while the Diamond Dog Scan produced 135. The market is weak and, consequently, the pockets of strength tend to be in the defensive sectors... Read More
DecisionPoint September 25, 2019 at 10:19 PM
Technology has continued to underperform the SPX, so it shouldn't surprise anyone that a Price Momentum Oscillator (PMO) SELL signal triggered on the NDX. The chart is below the Scoreboards... Read More
DecisionPoint September 24, 2019 at 07:40 PM
When going through my Diamond scans, I realized that the bearish scan was searching on a larger domain than the bullish scan, so I adjusted it. But the bearish scan is still showing many more results... Read More
DecisionPoint September 23, 2019 at 07:07 PM
Today, I ran my Diamond PMO Scan (bullish) as well as my Diamond Dogs PMO Scan (bearish) and found they are the inverse of each other. Essentially, they shave the strong momentum performers off the top and scrape the bottom for the dogs... Read More
DecisionPoint September 20, 2019 at 07:19 PM
Like yesterday, I ran my bullish PMO scan followed by the "inverse" Scan for Dogs. Yesterday, the results were 19 and 70, respectively. Today, I had only 11 bullish candidates and 111 bearish candidates. It seemed that it would be better to look at shorting opportunities... Read More
DecisionPoint September 20, 2019 at 06:50 PM
While SPY made another all-time intraday high on Thursday, the number of S&P 500 component New Highs continued to contract from the level they had reached earlier this month. This kind of activity should be taken as a warning flag, increasing our expectation of a price top... Read More
DecisionPoint September 19, 2019 at 07:08 PM
I discovered an interesting phenomenon today. When I ran my general Price Momentum Oscillator (PMO) scan, I got 19 results... Read More
DecisionPoint September 18, 2019 at 06:38 PM
The General Price Momentum Oscillator (PMO) scan threw 12 stocks at me today. We're still not seeing huge numbers coming in on these scans, which tells me to proceed with caution. Additionally, it's been interesting to see so many Industrials and REITs in the results... Read More
DecisionPoint September 18, 2019 at 06:19 PM
The DecisionPoint indicators help give us some insight into the condition of the market. The present short-term indicator deterioration is bearish, and the very overbought readings on our ITBM and ITVM suggest lower prices ahead... Read More
DecisionPoint September 17, 2019 at 06:27 PM
My Price Momentum Oscillator (PMO) scan is still not providing too many choices; the ones that are appearing are in defensive categories. This always makes me suspicious of market conditions. Despite the SPX rising to new all-time highs, I'm only seeing around 8-11 results... Read More
DecisionPoint September 16, 2019 at 07:11 PM
I've been running my "Momentum Sleepers" scan daily in the hopes of catching some stocks that are building momentum underneath the surface. These are mostly beat-down stocks, but volume and momentum are beginning to improve... Read More
DecisionPoint September 13, 2019 at 07:18 PM
Today, I ran a variety of scans, but the results are mostly from my "Bullish EMA - Mid-Range SCTR" scan, which nearly always gives me a lot of results. Today was no exception. I had 82 results! My other scans just weren't returning the set-ups I liked, but a few snuck in... Read More
DecisionPoint September 13, 2019 at 06:52 PM
On Thursday SPY hit an all-time intraday high, but it was not confirmed by some of our internal indicators. In particular I am referring to the *Golden Cross and **Silver Cross Indexes, both of which are well below their levels when the market made its last all-time high in July... Read More
DecisionPoint September 12, 2019 at 07:22 PM
Today, I ran the WealthWise Women "Pink Line" scan, which uses the 50-SMA and a Chandelier Exit to determine entries and exits... Read More
DecisionPoint September 10, 2019 at 10:50 PM
Today I used my general Price Momentum Oscillator (PMO) scan to find my "diamonds in the rough." As it turned out, there were only ten results, which tells me that it may not be the best time to take on new longs. However, these stocks are showing some positive characteristics... Read More
DecisionPoint September 09, 2019 at 07:50 PM
Welcome to the "DecisionPoint Daily Diamonds", a newsletter in which we highlight five "diamonds in the rough," taken from the results of one of my DecisionPoint scans. Remember, these are not recommendations to buy or sell, but stocks that I found interesting... Read More
DecisionPoint September 06, 2019 at 06:18 PM
The Nasdaq Composite Index is about 2.5% below its all-time high of earlier this year, but its Bullish Percent Index (BPI), which is the percentage of Nasdaq component stocks with point and figure BUY signals, stands at only 44%... Read More
DecisionPoint September 04, 2019 at 08:17 PM
The NDX scored a PMO BUY signal, lagging slightly behind the other three Scoreboard indexes. Below the Scoreboards, I have included not only the NDX but also the other three Scoreboard indexes (SPX, OEX and INDU), as "solid line" charts rather than OHLC bars... Read More
