DecisionPoint March 29, 2019 at 06:46 PM
This is a new chart I will be adding to my weekly commentary. My concentration has always been on the S&P 500 Index, but I realized that I needed to broaden my scope somewhat to include other segments of the the broad market, and this is my first effort... Read More
DecisionPoint March 27, 2019 at 09:22 PM
The OEX and Dow lost short-term BUY signals on Monday and the NDX followed today, having switched out of a ST PMO BUY signal. I thought it was time to do a review of the Scoreboard indexes, so their charts are below... Read More
DecisionPoint March 22, 2019 at 07:00 PM
Last week certain indicators had me looking for a short-term market top, and on Wednesday it looked as if it had arrived. But no. On Thursday the market moved to new rally highs on volume that wasn't too little or too much, so I thought that looked like a pretty solid breakout... Read More
DecisionPoint March 20, 2019 at 07:29 PM
The Price Momentum Oscillator (PMO) has topped underneath the signal line, something I consider especially bearish in the short term. Our short-term indicators have presented another "attention flag" divergence, which could be pointing to a more lasting decline... Read More
DecisionPoint March 15, 2019 at 06:40 PM
At the end of last week I was looking forward to some more selling to extend the decline that had started from the March 4 top. But no. Price rebounded off last Friday's low, eventually setting a new high for the rally off the December lows... Read More
DecisionPoint March 13, 2019 at 09:41 PM
We have a new signal to add to the DecisionPoint Scoreboards, as the OEX triggered a Long-Term BUY signal on Monday. All of the large-cap Scoreboard indexes are now on Trend Model BUY signals in three timeframes... Read More
DecisionPoint March 08, 2019 at 05:54 PM
It took over two weeks, but the market top we've been looking for finally materialized. Price broke down through a rising bottoms line that goes back to the beginning of January. Also violated was the bottom of the trading range that has lasted over two weeks... Read More
DecisionPoint March 06, 2019 at 07:52 PM
This will be fairly brief today, as I am in the process of moving to a new home and it's a bit crazy over here. It's important to note the new ST PMO BUY signal, which occurred on a PMO positive crossover on the SPX daily chart... Read More
DecisionPoint March 05, 2019 at 08:34 PM
The new Long-Term Trend Model (LTTM) BUY signals triggered on the SPX yesterday (3/4) and on the NDX today (3/5). We are probably seeing these just in time for a pullback or correction ahead. The Dow seems to agree, as it generated a new ST PMO SELL signal... Read More
DecisionPoint March 01, 2019 at 06:26 PM
The McClellan Summation Index (ratio-adjusted version) has had the longest uninterrupted upside run since 2003, when the market was coming up off of the 2000-2002 bear market lows... Read More
