DecisionPoint

September 2019

DecisionPoint

DP Daily Diamonds - Real Estate is the Place Says the Diamond Scan

by Erin Swenlin

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

DP Daily Diamonds - Real Estate Continues to Perform on Scans

by Erin Swenlin

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

DP WEEKLY WRAP: A Test of Support Is Coming, Then Maybe Some Downside

by Carl Swenlin

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

DP Daily Diamonds - Pink Line Scan Interesting Finds

by Erin Swenlin

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

DP Daily Diamonds - Heavy Utilities

by Erin Swenlin

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

DP Alert Mid-Week - NDX New PMO SELL Signal - Gold Head & Shoulders?

by Erin Swenlin

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

DP Daily Diamonds - Shorting Opportunities

by Erin Swenlin

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

DP Daily Diamonds - Mostly Defensive Plays

by Erin Swenlin

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

DP Daily Diamonds - Market Weakness Merits "Flawed Diamonds" Shorts

by Erin Swenlin

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

DP WEEKLY WRAP: Fading New Highs Spell Trouble

by Carl Swenlin

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

DecisionPoint Daily Diamonds - The Long and Short of It

by Erin Swenlin

I discovered an interesting phenomenon today. When I ran my general Price Momentum Oscillator (PMO) scan, I got 19 results... Read More 

DecisionPoint

DP Daily Diamonds - More Industrials and REITs (Including a Repeat)

by Erin Swenlin

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

DP Alert: Overbought IT Indicators Suggest Rough Waters Ahead

by Erin Swenlin

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

DecisionPoint Daily Diamonds - PMO Scan Pulls "Defensive" Stocks

by Erin Swenlin

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

DecisionPoint Daily Diamonds - "Momentum Sleepers"

by Erin Swenlin

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

DP Daily Diamonds - Yummy Flowers

by Erin Swenlin

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

DP WEEKLY WRAP: Golden Cross and Silver Cross Indexes Not Confirming SPY Record High

by Carl Swenlin

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

DecisionPoint Daily Diamonds - Might Need Some Pullbacks

by Erin Swenlin

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

DecisionPoint Daily Diamonds - Industrials and Healthcare

by Erin Swenlin

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

DecisionPoint Daily Diamonds - "Carl's Scan"

by Erin Swenlin

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

DP WEEKLY WRAP: Internal Support Substantially Erroded

by Carl Swenlin

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

DP Alert Mid-Week: Reverse Head Shoulders/Triple Bottom on Indexes - PMO BUY for NDX

by Erin Swenlin

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