DecisionPoint

October 2019

DecisionPoint

DP Daily Diamonds - Trick or Treat? Treats (I Think)!

by Erin Swenlin

It was a spooky Halloween WealthWise Women show today and, as part of the program, we played "Trick or Treat?" with securities. One of the agreed upon "treats" was Merck (MRK), which came up in my scan today as well as hitting Mary Ellen McGonagle's radar... Read More 

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DP Daily Diamonds - Repeats? They Came Up on Today's Scans

by Erin Swenlin

I honestly don't keep track of all of the Diamonds that I present, but now and then I am sure that there are repeats. Three of today's Diamonds were reported to you in the past; obviously they've continued to perform or else they wouldn't have shown up... Read More 

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DP Alert Mid-Week: Extreme Negative Divergences on Short-Term Indicators

by Erin Swenlin

The market continues to reach new all-time highs, but DecisionPoint remains cautious. The negative divergences on our Swenlin Trading Oscillators (STOs) is concerning and tempers the euphoria of reaching those all-time highs... Read More 

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DP Daily Diamonds - Mr. Softy (MSFT) Made the List

by Erin Swenlin

There were only three results on today's Diamond Scan, but I actually decided that all three passed muster. I ran a few other scans and Microsoft ("Mr. Softy" as Tom Bowley used to call it on MarketWatchers) made an appearance... Read More 

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DP Daily Diamonds - Only 4 Diamond Scan Results on Market All-Time Highs?

by Erin Swenlin

Today was an exciting day as new all-time highs were hit on many of the broad market indexes. I was salivating waiting to see what my Diamond Scan results would be! To my surprise, I only had four results. Meanwhile, the bearish Diamond Dog Scan produced 8 results... Read More 

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DP Show: All-Time Highs - Where's the Breadth?

by Carl Swenlin, Erin Swenlin

In this episode of DecisionPoint, Carl and Erin discussed the new all-time highs that broad markets accomplished today, but found that breadth was wanting. Volume was also suspect; a look at DP Short-Term indicators revealed serious negative divergences... Read More 

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DP WEEKLY WRAP: Crash Coming?

by Carl Swenlin

Because of some recent articles I have seen, I decided to discuss the crashes in 1929 and 1987 on Monday's regular DecisionPoint show on StockCharts TV... Read More 

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DP Daily Diamonds - More Momentum Sleepers

by Erin Swenlin

I found more "Momentum Sleepers" today with the scan of the same name. Quite a few have weekly charts that are encouraging... Read More 

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DP Alert Mid-Week: BUY Signal for Oil As Price Gushes Higher

by Erin Swenlin

It was a new top on the SPX as today's intraday was below yesterday's. This makes the third top of a possible triple-top, but, whether that pattern appears or not, this last price top is lower than the previous two... Read More 

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DP Daily Diamonds - Momentum Sleepers -- Shorter-Term Appeal

by Erin Swenlin

I ran my Momentum Sleepers Scan today. I previously found this one to be quite successful in the short-term on MarketWatchers LIVE. There appears to be momentum under the surface of some very rough diamonds... Read More 

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DP Daily Diamonds - Small-Caps Dominate Scans - A Look At Seasonality Too!

by Erin Swenlin

Recently, I received an email from a reader who basically said he found that, if he traded in a bull market, he made money, whereas when he traded in a choppy or bear market, he lost money... Read More 

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DP Daily Diamonds - Bull Flags Appearing on Daily and Weekly Charts

by Erin Swenlin

Scan results were a mixed bag of different sectors today. The charts that I found the most interesting were those that had some bullish flag formations. Not every stock today is showing that bull flag formation, but the others still look enticing... Read More 

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DP Show: Anniversary of 1929 and 1987 Crashes - Does History Tell Us to Expect the Same?

by Carl Swenlin, Erin Swenlin

In this episode of DecisionPoint, Erin covered the major indexes and DP indicators, taking a deeper look at the Rydex Ratio (which is showing very bearish sentiment in place)... Read More 

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DP WEEKLY WRAP: Triple Top Now?

by Carl Swenlin

The breakout above the short declining tops line last week was extended upward this week, and that has kind of messed up my double top scenario. Now it appears that a triple top may be in progress, and the expected outcome for that is really no different than for a double top... Read More 

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DP Daily Diamonds - Short- and Intermediate-Term Ideas

by Erin Swenlin

I've begun to incorporate the weekly charts in the Diamond Reports. When I get a large amount of scan results, I find that it helps to narrow down the field by looking at a CandleGlance of the entire list and deleting the obvious "not ready for primetime" stocks... Read More 

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DecisionPoint Diamonds - Home Builders Breaking Out

by Erin Swenlin

The "Chart Breakouts" Scan returned about nine different home builder stocks. I didn't care for all of them, but I did pick out three for your review. This scan generally pulls stocks that had monster days... Read More 

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DP Mid-Week Alert: Swenlin Trading Oscillators Leave Doubt About Reaching All-Time Highs

by Erin Swenlin

It's only Wednesday, but we've already had quite a few Scoreboard changes this week - BUY signals all around. The Scoreboards would suggest all-time highs should be no sweat, but the short-term indicators aren't on board with that analysis... Read More 

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DP Show: Indicators Don't Support All Time Highs

by Carl Swenlin, Erin Swenlin

In this week's episode of DecisionPoint, Carl spent a few minutes analyzing a six-month chart of the SPX, after which Erin and Carl discussed the lack of support this recent rally is showing... Read More 

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DP Diamonds - These Stocks Look Good in All Timeframes with Great Seasonality Too!

by Erin Swenlin

Today, I had a plethora of results from my DP Diamond Scan - 83, to be exact! So it took me a bit longer to find today's diamonds, as I studied not only the daily and weekly charts but also seasonality in order to pare down to the best looking "diamonds in the rough... Read More 

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DecisionPoint Diamonds - Daily and Weekly Charts of Three Diamonds in the Rough

by Erin Swenlin

In today's Diamond Report, I decided to look at only three stocks as I want to discuss not only their daily charts, but their weekly charts as well. Seeing strength in both timeframes can provide the option to trade in the shorter term or in the longer term... Read More 

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DP WEEKLY WRAP: Can't Fight the News

by Carl Swenlin

Last week I said, "There is a declining trend line drawn from the mid-September top. If that is taken out, I will pretty much give up on the double top idea." When I wrote that, I had in mind a solid, deliberate advance to new, all-time highs... Read More 

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DP Daily Diamonds - Glittering with Gold

by Erin Swenlin

In yesterday's DP Alert Mid-Week, I discussing the bullish prospects for Gold moving forward. Consequently, it was not surprising to see some Gold stocks on my various scans. I have a couple of these listed below, along with a semiconductor and solar company... Read More 

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DP Daily Diamonds - Spotlight on Five REITs

by Erin Swenlin

The Diamond Scan presented only six candidates for review, one of which I wrote about yesterday (COST). I opted to run one of my less restrictive scans to see if there were a few hiding out there that my Diamond Scan doesn't normally pick out. That gave me 16 results... Read More 

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DP Alert Mid-Week: Bull Flag on Gold with Goldbugs Fueling the Fire

by Erin Swenlin

We had a great rally in the markets today, but the DP Scoreboards clearly tell the tale that problems remain. In fact, yesterday we got an Intermediate-Term Trend Model Neutral signal on the NDX - and we will see the same signals on the other three shortly... Read More 

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DP Daily Diamonds - Defensive Sectors Lead the Charge

by Erin Swenlin

I have decided to add my own (not yet charted) Diamond Index section as part of the Market Outlook section below. Basically, I will list the number of results that the Diamond Scan (formerly my General PMO Scan) returns, as well as the inverse Diamond Dog Scan... Read More 

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DP Show: Market Still Tenuous - Indicators Show Bearish Divergence

by Carl Swenlin, Erin Swenlin

In this week's episode of DecisionPoint, Erin reviewed the major market indexes as well as the DecisionPoint indicators. Meanwhile, Carl added the Percent of Stocks Below their 20-EMA and the Silver Cross Index on our standard indicator charts... Read More 

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DP Daily Diamonds - Revisiting Carl's Scan

by Erin Swenlin

It was interesting to look at the results of the Diamond and Diamond Dog Scans today, where we had 16 bullish results and only 32 bearish results. If you recall, for the past few weeks, I've been seeing far more bearish results... Read More 

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DP WEEKLY WRAP: Double Top Abort?

by Carl Swenlin

The market was treating my double top assessment pretty well, but on Friday price got back above the recently broken support; however, on the two-day rally SPX volume fell below the one-year average, failing to validate the advance... Read More 

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DP Daily Diamonds - Diamond Scan Exclusively Bonds - Shorting Opportunities Instead

by Erin Swenlin

I've seen this happen a few times. Today, I ran my Diamond PMO Scan and received 30 results that were ALL Bond ETFs. Rather than put those in, I decided, given the market environment, that I would give you some shorting opportunities... Read More 

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DP Alert Mid-Week: Golden Cross and Silver Cross Indexes Ugly Negative Crossovers

by Erin Swenlin

The newly minted "Golden Cross Index" and "Silver Cross Index" had negative crossovers today. I noticed that these negative crossovers tend to have serious consequences when the "stars" align on the Golden/Silver Cross Index and PMO indicators... Read More