DecisionPoint June 29, 2017 at 09:04 PM
Today brought a plethora of new DecisionPoint timing signals...all bearish. As far as the DP Scoreboards are concerned, the Dow initiated a PMO SELL signal on the daily chart today. This puts all four indexes on PMO SELL signals... Read More
DecisionPoint June 28, 2017 at 07:00 PM
I love to use the Advanced Scanning Workbench and find it absolutely invaluable in my investment mining process. Every other Monday, I review the PMO scan that I've chosen for the day and use the results to create my "Monday Set-Ups" symbol list... Read More
DecisionPoint June 27, 2017 at 06:37 PM
As annotated on the DecisionPoint Scoreboard Summary, the Nasdaq 100 just triggered a new Short-Term Trend Model (STTM) Neutral signal as the 5-EMA crossed below the 20-EMA on the daily chart. Today's breakdown took out support at the May high and closed just below the 50-EMA... Read More
DecisionPoint June 24, 2017 at 12:06 PM
SPY began the week with a breakout on very high volume that subsequently looks like a minor blowoff, as price retreated back into the June trading range... Read More
DecisionPoint June 22, 2017 at 07:38 PM
The S&P 500 triggered a new PMO SELL signal yesterday at the close. Today, the S&P 100 joined in with its own PMO SELL signal... Read More
DecisionPoint June 21, 2017 at 07:50 PM
Today on MarketWatchers LIVE (airs M/W/F Noon - 1:30p EST) during the regular market updates, I noticed technology was rallying strongly... Read More
DecisionPoint June 20, 2017 at 06:56 PM
No new signals yet on the DecisionPoint Scoreboards, but with index PMOs in decline, I suspect we will see some more if the bulls can't get a rally to stick. Last Friday, the OEX weekly PMO had a negative crossover SELL signal... Read More
DecisionPoint June 17, 2017 at 10:57 AM
About three weeks ago I began looking for the market to consolidate or correct because of price being very overbought based upon its extreme departure from the 200EMA... Read More
DecisionPoint June 15, 2017 at 05:54 PM
No new signal changes to report, but I do want to mention that the PMO for the NDX continues lower with no hesitation. For the other three indexes, the PMO BUY signals are intact, but short-term PMOs are now all declining... Read More
DecisionPoint June 13, 2017 at 05:21 PM
Yesterday saw the addition of a PMO SELL signal in the short term (daily chart) for the Nasdaq 100. Interestingly, if you look at the other three, their PMOs have turned up today... Read More
DecisionPoint June 12, 2017 at 06:37 PM
As the market closed, I received a Technical Alert that the NDX had triggered a PMO SELL signal. Additionally, I received notice that a new Intermediate-Term Trend Model (ITTM) BUY signal just occurred today on the Financial SPDR (XLF). I've updated the NDX Scoreboard... Read More
DecisionPoint June 10, 2017 at 11:43 AM
Last week I wrote: ". . . the spike in S&P 500 New Highs makes me think that the market may be on the verge of another consolidation or correction that could last several weeks." I still think that outlook is viable, based upon this week's price action... Read More
DecisionPoint June 09, 2017 at 05:01 PM
As the week closes, we did see one new signal change on the DecisionPoint Scoreboards that I wanted to point out. The S&P 100 (OEX) triggered a new PMO BUY signal on the weekly chart... Read More
DecisionPoint June 07, 2017 at 08:46 PM
During today's MarketWatchers LIVE Show (12:00 - 1:30p MWF), the big news was the correction on Oil. Oil prices dropped more than 5 percent after the government reported an unexpected increase in crude inventories... Read More
DecisionPoint June 06, 2017 at 08:57 PM
The markets have been backing off this week but so far it hasn't shifted any short-term timing signals on the DecisionPoint Scoreboards. Gold rallied today and finally hurdled long-term overhead resistance along a declining tops trendline that originally formed in 2012... Read More
DecisionPoint June 03, 2017 at 11:23 AM
Last week I wrote: ". . . our short- and intermediate-term indicators suggest that we will see a few more weeks of rally before another correction/consolidation... Read More
DecisionPoint June 01, 2017 at 07:43 PM
Admittedly I was surprised that the market had just a brilliant day given the very bearish configuration of short-term market indicators. Apparently I should have paid more attention to the short-term buy signals that were produced over the past week or two... Read More
