DecisionPoint August 31, 2018 at 06:54 PM
This week, as the market once again broke out of the cyclical bull market rising trend channel, it occurred to me that perhaps another parabolic advance was getting under way... Read More
DecisionPoint August 29, 2018 at 05:51 PM
The last time all four of the DecisionPoint Scoreboards were completely "green" (or on BUY signals in all three time frames as far as price trend and momentum/condition) was back on 11/6/2017. It lasted only ONE day when the SPX whipsawed back into a PMO SELL signal on 11/7... Read More
DecisionPoint August 27, 2018 at 06:24 PM
On Friday, the Dow finally saw its weekly PMO cross above its signal line and trigger a long awaited BUY signal. The SPX also added a new PMO BUY signal on its daily chart on Friday. Today, the OEX generated a ST PMO BUY signal... Read More
DecisionPoint August 24, 2018 at 05:55 PM
On Friday SPY made new, all-time intraday and closing highs, exceeding the records set on Tuesday. The daily PMO has been very flat and holding at around +1 since the end of July. This summarizes the steady price rise during that period and does not present a problem... Read More
DecisionPoint August 23, 2018 at 07:31 PM
Today I was alerted to a new Short-Term Trend Model BUY signal on USO. This signal is triggered when the 5-EMA crosses above the 20-EMA. When I went to take a look at the chart, I noted some very bullish characteristics that I thought I'd share... Read More
DecisionPoint August 22, 2018 at 05:46 PM
We've now entered the longest bull market on record when counted from the 2009 lows to the highs of yesterday... Read More
DecisionPoint August 21, 2018 at 07:42 PM
The NDX's PMO is still in decline. The SPX and OEX have rising PMOs, but no short-term PMO BUY signals. However, the Dow has recaptured its PMO BUY signal on the daily chart... Read More
DecisionPoint August 17, 2018 at 05:40 PM
On an options expiration week we normally expect low volatility, and that is what we got this week... Read More
DecisionPoint August 10, 2018 at 07:19 PM
Last week I said I expected to see new, all-time highs for SPY, and on Monday that expectation was fulfilled in a marginal way... Read More
DecisionPoint August 08, 2018 at 09:09 PM
The DecisionPoint Scoreboards are nearly all "green" with BUY signals. Today the NDX completed its green Scoreboard with a PMO BUY signal on the daily chart. The Technology Sector (XLK) and the NDX ETF (QQQ) also logged new Short-Term PMO BUY signals... Read More
DecisionPoint August 07, 2018 at 09:07 PM
Yesterday's breakout on UUP was impressive and although the Dollar pulled back slightly today, it didn't matter to the Price Momentum Oscillator (PMO) as it crossed its signal line and triggered a BUY signal... Read More
DecisionPoint August 03, 2018 at 05:58 PM
On Thursday, when Apple's (AAPL) market cap went over the $1 trillion mark, Dennis Gartman (The Gartman Letter) said something to the effect that this is the kind of thing we see at market tops, not in the middle of a long advance. I felt the same way... Read More
DecisionPoint August 02, 2018 at 07:59 PM
The ST Trend Model Neutral signal that the NDX carried for a few days gave way to a new BUY signal as the 5-EMA launched above the 20-EMA on today's strong rally. I've annotated the change on the DecisionPoint Scoreboards below... Read More
DecisionPoint August 01, 2018 at 09:06 PM
The monthly charts 'went final' yesterday after the market closed, so it's time to review and prepare for next month. I highly recommend you check out the video version on today's MarketWatchers LIVE show where I had more time and space to discuss... Read More
DecisionPoint July 31, 2018 at 09:25 PM
The DecisionPoint Scoreboards were blemished by the loss of the green BUY signals on the NDX. The weekly PMO on the Dow has been holding out for awhile, but it is rising suggesting momentum is still positive in the intermediate term... Read More
