DecisionPoint May 31, 2018 at 07:19 PM
Clearly I spoke too soon about having no DP Scoreboard signal changes this week. Today the Dow triggered both a PMO SELL signal and a Short-Term Trend Model Neutral signal. I'd prepare for some whipsaw. I've annotated a very small double-top that executed with Tuesday's decline... Read More
DecisionPoint May 30, 2018 at 08:20 PM
Amazing! A week without any DP Scoreboard updates. All of these indexes came very close to new PMO SELL signals yesterday with the big decline, but today's rally pop changed that quickly with all four PMOs turning back up and away from their signal lines... Read More
DecisionPoint May 29, 2018 at 05:55 PM
The markets spent much of last week consolidating or pulling back. The Financial sector was no exception. As with many of the major markets, XLF was hit especially hard today with a decline of over 3.3%... Read More
DecisionPoint May 25, 2018 at 06:37 PM
Last week I thought we had a good outlook based upon a bullish flag formation, but this week the market just added more sideways movement... Read More
DecisionPoint May 23, 2018 at 07:04 PM
It looks like I may actually have a week without a signal change on the DecisionPoint Scoreboards. Currently all trends are bullish, although momentum isn't positive in the intermediate term. The IT PMO signals are derived from the weekly PMO... Read More
DecisionPoint May 18, 2018 at 07:16 PM
Back in the day, options expiration days were characterized by high volatility and exceptionally high volume; however, in recent years the market stays relatively calm, and the high volume only appears at the end of each quarter... Read More
DecisionPoint May 17, 2018 at 06:32 PM
The Dow was the laggard but it finally managed an Intermediate-Term Trend Model BUY signal today when the 20-EMA crossed above the 50-EMA. This moves all four Scoreboards' Trend Models to BUY signals in the short-, intermediate- and long-terms... Read More
DecisionPoint May 16, 2018 at 06:13 PM
There still may be some growing pains to endure, but seeing Intermediate-Term Trend Model BUY signals beginning to populate the DP Scoreboards for the first time since March. The Dow should be joining the ITTM BUY signal party very soon... Read More
DecisionPoint May 15, 2018 at 10:33 PM
Another Intermediate-Term Trend Model BUY signal arrived on the OEX Scoreboard. The Dow is very close to the same signal. For more information, I refer you to yesterday's article about the SPX IT Trend Model BUY signal. My analysis remains the same as yesterday... Read More
DecisionPoint May 14, 2018 at 06:22 PM
The SPX is the 2nd of the four DP Scoreboard indexes to trigger a new IT Trend Model BUY signal. This signal replaces a late March Neutral signal. I've added the OEX and Dow charts below the SPX so you can see how close they are to triggering IT Trend Model BUY signals as well... Read More
DecisionPoint May 11, 2018 at 06:54 PM
On Friday the SPY 20EMA crossed up through the 50EMA, generating an Intermediate-Term Trend Model (ITTM) BUY signal for the broad market (SPY)... Read More
DecisionPoint May 09, 2018 at 06:41 PM
It's going to be one of those weeks apparently when we watch the DecisionPoint Scoreboards flip out. We have had seven signal changes starting May 4th. The reversals in the short-term trend is typical during volatile periods... Read More
DecisionPoint May 08, 2018 at 06:07 PM
The SPX and OEX both triggered new ST Trend Model BUY signals as the 5-EMAs crossed above the 20-EMAs. However, the charts are less than impressive... Read More
DecisionPoint May 07, 2018 at 06:28 PM
All four Scoreboard indexes have PMO BUY signals as of today. The Dow was the laggard, but between Friday's and today's rallies, momentum has shifted enough to push the PMO over its signal line... Read More
DecisionPoint May 04, 2018 at 06:11 PM
On Thursday the market recovered nicely from an early selloff, and today it had a strong finish. But in the market, volume equals love, and the short volume on Friday was barely a peck on the cheek... Read More
DecisionPoint May 03, 2018 at 06:03 PM
Today the SPX joined the Dow with a new PMO SELL signal. If the correction continues much longer, the OEX and NDX will follow suit. Today's action left the SPX with a long tail that tested the purple rising bottoms trendline... Read More
DecisionPoint May 02, 2018 at 07:55 PM
As noted in the signal table below, the Dow logged a new Price Momentum Oscillator (PMO) SELL signal. I've included the chart below with commentary... Read More
