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Archived Posts

DP BULLETIN: NDX Generates PMO SELL Signal

by Erin Heim

As promised to the MarketWatchers LIVE viewers and my DecisionPoint Faithful, I am updating you on the latest DP Scoreboard signal change. The NDX's momentum finally deteriorated enough to generate a PMO SELL Signal. The other three indexes (SPX, OEX, INDU) triggered PMO SELL signals earlier this month. I'm noticing a small double-top formation now on the NDX. An execution would require a drop...  Read More

11/20 MarketWatchers LIVE Recap - Monday Set-Ups - DecisionPoint Report

by Erin Heim

  Welcome to the recap of Monday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

Natural Gas Follows Crude?

by Bruce Fraser

In the prior post, we evaluated Crude Oil which appeared to have completed a Reaccumulation. Natural Gas has a family resemblance to Crude Oil, but seems to be in a slightly different position. Early in 2016 $NATGAS and $WTIC began important rallies that lasted through the year and then entered large trading ranges. Please take a few minutes and compare $WTIC (  Read More

Friday: The Tale Of Two Markets

by Tom Bowley

Market Recap for Friday, November 17, 2017 It was an interesting day on Friday.  While most of our major indices struggled and finished in negative territory with the Dow Jones, S&P 500 and NASDAQ falling 0.43%, 0.26% and 0.15%, respectively, the Russell 2000 continued its torrid advance of late, rising another 0.40%.  The Russell 2000 had lagged the other major...  Read More

TJX Companies Reverses with Big Spinning Top

by Arthur Hill

Retail stocks surged last week and discounter TJX Companies ($TJX) bounced off support with high volume. Technically, the big trend is still down because the 50-day EMA is below the 200-day EMA and TJX is below the 200-day EMA. These EMAs are not shown on the chart to keep it clean. Despite the overall downtrend, TJX looks promising from a bullish standpoint because it reversed at support on  Read More

Nike, Skechers Lead Rally In Footwear Stocks

by Tom Bowley

Skechers (SKX) rallied approximately 40% after its most recent quarterly earnings report and Nike (NKE) has gone from 2017 lows to nearly a 2017 high in the past five weeks, highlighting a significant rally in the Dow Jones U.S. Footwear Index ($DJUSFT).  The DJUSFT rallied 3.21% on Friday alone and is on the verge of a very significant breakout: The DJUSFT is heavily weighted toward NKE  Read More

High Yield Bond ETF is Bouncing Sharply Off Support, Telecom Weakest Sector

by John Murphy

The recent selloff in high yield junk bonds has attracted a lot of attention in the financial media. My Tuesday message showed the iBoxx High Yield Corporate Bond iShares (HYG) headed down for a test of chart support at its August low and its 200-day moving average. Chart 1 shows the HYG scoring an upside reversal day yesterday after touching its 200-day average (green circle). That positive...  Read More

Focusing on Solid Earnings can Boost your Risk Adjusted Returns

by John Hopkins

One by-product of focusing on stocks that beat earnings handily is the opportunity to boost overall returns. I know this for a fact as we studied the performance of almost 40 stocks that were trade alerts to EarningsBeats members over the past six months and found that on a risk adjusted basis, returns were almost 5 times that of the S&P. For example, when we issue a trade alert to our...  Read More

Here Are Five S&P 500 Stocks Poised To Rise Through December

by Tom Bowley

I'm a big historian and a fan of the "history repeats itself" theory.  But I'm a bigger fan of technical analysis where price action simply doesn't lie.  You can listen to all the CNBC "hype" if you'd like, where their "experts" provide their favorite picks.  I look at the charts of some of these "can't-miss" trades, shake my head and change the channel. Call me crazy, but I like...  Read More

What Does a Flat Yield Curve Look Like Anyway?

by Arthur Hill

I hear talk that the yield curve is flattening and that this is a problem for the stock market. While it is true that the spread between the 10-yr T-Yield ($UST10Y) and 2-yr T-Yield ($UST2Y) is the lowest since 2007, the yield curve itself is by no means flat. The chart below shows the 10-yr yield in black and the 2-yr yield in red (top window). Notice that the 10-yr yield has...  Read More

Currencies Are At An Important Inflection Point

by Greg Schnell

The Yen ($XJY), the Euro ($XEU) and the US Dollar ($USD) are all at important inflection points this week. Stay tuned as this could really decide the direction of Gold, Silver and other commodities this week. Starting with the Yen, this is a critical one to watch, Gold tracks it quite closely. With this close tracking, a break to the upside in the Yen could lead to a big  Read More

Commodities Countdown Video Recording 2017-11-17

by Greg Schnell

The Commodities Countdown Video Recording With Greg Schnell 2017-11-17 is now available. If you would like more commodity related stories,  check out the entire Commodities Countdown blog. There are also some tips on scanning and breadth in October 2017. Commodities Countdown Video  Read More

Fox (FOXA) Pounces On Six Month Highs

by Greg Schnell

21st Century Fox (FOXA) has been creating the news the last few weeks with merger, acquisitions, and parts spinoffs all part of the discussion. It closed the week at six month highs and above an important 5-year support and resistance line.  With all of this smoke, there must be a little fire behind the scenes, but this resistance area is extremely important for the stock as it has...  Read More

11/17 MarketWatchers LIVE Recap - Bookmark This! Erin's Chart Pattern Samples

by Erin Heim

  Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

DP Weekly Wrap: Incongruous Sentiment

by Carl Swenlin

When I posted the NAAIM (National Association of Active Investment Managers) Exposure Index this week, I thought to myself, "What's wrong with this picture?". To clarify, rather than stay fully invested all the time, NAAIM members adjust their exposure based upon their assessment of market conditions, and exposure can be anywhere from +200% to -200%. Although, the Exposure Index has never been...  Read More

Sentiment Is Almost Bearish Enough

by Erin Heim

Sentiment charts haven't been all that enlightening with mostly neutral readings. However, we are reaching bearish levels that generally result in a rally. Here's my interpretation of the latest sentiment from the put/call ratios, AAII, NAAIM and Rydex Ratio.  What I pointed out in today's MarketWatchers LIVE show was that the CBOE put/call...  Read More

Buffett-isms and Bezos-isms: Great Investing Insights

by Gatis Roze

"Rule #1:  Never lose Money." "Rule #2:  Never forget Rule #1."                                      -Warren Buffett Sure, a lot of investors dissect every word that Warren Buffett writes in the annual report for Berkshire Hathaway.  For years, these Buffett-isms have provided investors...  Read More

Members Only

Weekly Market Review & Outlook (with Video) - Small Caps and Retailers Take the Lead - Energy Hits Moment of Truth

by Arthur Hill

.... Broad Strength in the Nasdaq 100 .... IJR Bounces from Oversold Levels .... Small-cap Sector Leaders .... Healthcare and Consumer Discretionary Surge .... Retail SPDR Goes for a Bottom .... Starbucks, Nike and Disney Power XLY Higher .... SPY Bounces as QQQ Hits New High .... Four Sectors Correct (XLF, XLI, XLB, XLV) .... Bobby, Billy and Arthur Debate XLE .... XES: H&S versus Rising...  Read More

Berkshire Hathaway (BRK.B) Attractive to Long-term Investors

by Tushar Chande

Berkshire Hathaway, buffeted by tax plan headlines, has pulled back into support, and offers a potential entry point for long-term investors. The market itself has seen selling in the short-term time frame. However, intermediate-term and long-term trends are still bullish, as they have been all year.   Chart 1: Berkshire Hathaway (BRK.B) retests its prior breakout at 182, with support...  Read More

Russell 2000 Soars After Nearing Initial Fibonacci Retracement Level

by Tom Bowley

Market Recap for Thursday, November 16, 2017 U.S. indices spiked sharply higher on Thursday's open in contrast to many recent days where the bulls have found themselves underwater in early action, trying to reclaim control of the action throughout the balance of the session.  Yesterday, there wasn't a battle.  The bulls won decidedly and with one day of solid gains,  Read More

S&P 600 Bounces Off Support - IT Indicators Oversold

by Erin Heim

I had this article in the queue yesterday with the headline "S&P 600 Nearing Important Support". Well, it turned out to be a bounce off that support today. Small-caps have been hit hard while most large-cap indexes spent the last month consolidating and moving slightly lower. You could say $SML had a correction over the last month. Nice thing is that I can use the word "had" when...  Read More