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Archived Posts

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Bearish Rising Wedge and Possible Island Formation Call for Caution

by Erin Heim

Trading continues to be sideways and we now have an island reversal possibly setting up on the SPY chart. There were no Scoreboard changes. The purpose of the DecisionPoint Alert Daily Update is to quickly review the day's action, internal condition, and Trend Model status of the broad market (S&P 500), the nine SPDR Sectors, the U.S. Dollar, Gold, Crude Oil, and Bonds. To  Read More

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GOLD CONTINUES RALLY BUT NEARS RESISTANCE -- SO DO GOLD MINERS

by John Murphy

GOLD REACHES THREE-MONTH HIGH... The price of gold continues to rise. Chart 1 shows the Gold Shares SPDR (GLD) trading at the highest level in three months. It has reached a point, however, where some overhead resistance may appear. For one thing, it has retraced 62% of its November/December decline. For another, there's potential resistance along its October low. Its...  Read More

Expeditors Hits Reversal Zone and Turns

by Arthur Hill

Expeditors International of Washington (EXPD), a logistics services provider, is part of the Dow Transports and the Industrials SPDR. The stock caught my eye because it is in a long-term uptrend and recently pulled back to a potential reversal zone. First, the long-term trend is clearly up because the stock hit a 52-week high in early December. Also notice that the 50-day EMA is above the  Read More

Working With Parabolic Setups - Webinar Skim 2017-02-07

by Greg Schnell

I spent the webinar discussing the Canadian sectors as well as working with parabolic surges. The Energy chart is broken. The real question is does it get support here around the 40 WMA? The Canadian Industrials are still trying to hold their trend line. The chart is on shaky ground this week. Utilities are doing just the opposite. Real Estate and Income Trusts are also breaking out...  Read More

Dow Jones Sets New All-Time High

by Tom Bowley

Market Recap for Tuesday, February 7, 2017 The Dow Jones moved into blue sky, all-time high territory intraday on Tuesday as it touched 20155.  If there was any bad news, it's that the move didn't hold into the close as the Dow came up 10 points short of closing at an all-time high.  Still, there's clearly a bid under the market and any type of selloff is difficult to...  Read More

Cooling Energy ETFs - New Intermediate-Term Trend Model Neutral Signals on XLE and RYE

by Erin Heim

Both the Energy SPDR (XLE) and its counterpart, the equally-weighted Energy ETF (RYE) triggered new Intermediate-Term Trend Model Neutral signals when the 20-EMAs crossed below the 50-EMAs while the 50-EMA was below the 200-EMA. We consider a stock, index...  Read More

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Morning Rally Quashed - USO STTM Neutral Signal on Breakdown - NDX Rallies

by Erin Heim

The market opened higher and appeared to be ready to continue higher. However, bears took control and brought prices back to a "no change" for the day. No changes on the DecisionPoint Scoreboards. PMOs are all in decline on SELL signals except for the NDX which is currently on a BUY signal and as of today, has a rising PMO. The NDX has mostly decoupled from the major indexes and hit new  Read More

NetScout (NTCT) Breaks Through Resistance

by Greg Schnell

NetScout has been climbing for a while but a few months ago stalled at resistance. The price action this week pushed the chart through resistance. The volume last week was well above average and the price action this week looks to confirm the action. Tom Bowley and I will be doing a webinar this weekend to help our members get a fresh outlook on the market. Tom and I both have some exciting...  Read More

Key Relative Ratios Argue For Continuing Rally

by Tom Bowley

Market Recap for Monday, February 6, 2017 Please be sure to subscribe to my blog at the bottom of this article and all of my articles will be sent to your e-mail address as soon as they're published.  Thanks!  :-) It's noteworthy to point out that Apple (AAPL) closed above 130 per share for the first time in its history yesterday.  While that didn't exactly light  Read More

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Webinar Recording - Minimal Selling Pressure - Are Small-Caps Ending their Correction? - HACK and IGN Lead Techs - Defense Breaks Out

by Arthur Hill

  ----- Webinar Video ----- Art's Charts ChartList ----- Today I will start out with simple close-only charts for SPY, QQQ and IJR. Close-only charts filter out the intraday noise and gaps that may occur between sessions. These charts show us just how dull the market...  Read More

AAPL starting to lead technology sector rotation again

by Julius de Kempenaer

Summary Inside Financials, money is shifting from GS & JPM to V AAPL turning back up towards leading quadrant, makes it leading stock in technology XOM and CVX confirm weak rotation for Energy sector Opposite rotations for DIS and WMT inside Staples sector   Quick scan The Relative Rotation Graph above holds the 30 components of the Dow Jones Industrials Index ($INDU). The two stocks...  Read More

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Market Reflects Indecision

by Erin Heim

The market was generally quiet on very low volume and formed an "inside" OHLC bar. There was no follow-through on Friday's big rally, leaving us wondering whether the Trump effect is helping or hindering. It certainly is providing plenty of fodder for talking heads as a "go to" explanation for just about any market activity, positive or negative. There is some indecision out there and the...  Read More

Oil & Gas Equipment & Services SPDR Stalls after Big Surge

by Arthur Hill

The Oil & Gas Equipment & Services SPDR (XES) surged to 52-week highs in November and early December. It is clear after this surge that the bigger trend is up. First, the 40-week Slope turned positive in late July and remains positive. Second, the ETF broke out of a large triangle consolidation in late November. Third, 52-week highs happen in uptrends, not downtrends.  XES became...  Read More

Someone Is Lighting Up Marijuana Stocks (WEED.TO)

by Greg Schnell

Recently one of Canada's Marijuana related companies changed their ticker symbol to WEED.TO and since then the stock has started to trade a little better. The company's previous ticker was CGC.TO for Canopy Growth Corporation. Here is the chart. The company changed the ticker symbol 5 days ago. Marijuana is the new party stock. Discussed at every house...  Read More

Financials Lead Dow Jones Back Above 20,000

by Tom Bowley

Market Recap for Friday, February 3, 2017 Financials (XLF, +2.02%) had another huge day with consumer finance, investment services and banks leading the charge.  The former had been struggling with a negative divergence over the past couple months while remaining in an uptrend.  But just after testing its 50 day SMA, the group rallied strongly on Friday to breakout:  Read More

Net Cash Flow Going In Wrong Direction

by Carl Swenlin

With some broad market indexes making record highs, one would think that total mutual fund assets would be following suit. But no. As of the end of December Total Stock Mutual Fund Assets were still below the record highs set in 2015, and are failing to confirm record price highs. (These data are collected by the Investment Company Institute and are published a month in arrears...  Read More

Using Support, Resistance And Trendlines To Better Your Trading

by Tom Bowley

Exercising patience and discipline to enter trades at appropriate reward vs. risk levels is obviously very important to any trader's success, but planning trades before they set up is just as important.  Let me give you a few examples.  First, let's take a look at Cullen Frost Bankers (CFR): Trendlines are only as strong as the number of price points that are connected.  You can...  Read More

Dow and S&P 500 End Week On a Strong Note

by John Murphy

What started off as a soft week for stocks ended on a strong note. Friday's gain was enough to keep stock indexes basically flat for the entire week. But there was some improvement on the charts. The daily bars in Chart 1 show the Dow Industrials jumping 186 points (0.94%) on Friday. That was more than enough to keep it well above its 50-day average and chart support along its...  Read More

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FINANCIALS LEAD FRIDAY'S STOCK BOUNCE -- SO DO SMALL CAPS AND TRANSPORTS

by John Murphy

DOW AND S&P 500 END WEEK ON A STRONG NOTE ... What started off as a soft week for stocks ended on a strong note. Friday's gain was enough to keep stock indexes basically flat for the entire week. But there was some improvement on the charts. The daily bars in Chart 1 show the Dow Industrials jumping 186 points (0.94%) on Friday. That was more than enough to keep it...  Read More

Sectors. Groups. Stocks.

by Bruce Fraser

Let's continue our discussion about using Relative Strength Analysis to find leading stocks. A blend of Wyckoff analysis and Relative Strength analysis offers an efficient method for zoning in on the best leading stock candidates. In the prior post, Industry Group analysis was explored. Here we will jump into stock analysis. The concept is the same, find the leading stocks in the best Industry...  Read More

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Weekly Market Review & Outlook (with Video) - Healthcare Heats Up - Energy Extends Correction - Bonds Remain Weak - Gold and Dollar Hit Reversal Zones

by Arthur Hill

Weekly Performance Review There was a lot of pushing and shoving in the markets this week. Stocks started the week with a modest move lower and finished the week with a modest move higher. The end result was a .16% gain for the S&P 500 SPDR. The 20+ YR T-Bond ETF (TLT) and the US Dollar ETF (UUP) edged lower. As a result, the Gold SPDR (GLD) surged over 2% and the USO Oil...  Read More

New Highs Expand in the Healthcare Sector

by Arthur Hill

New highs are a sign of underlying strength and chartists can measure this indicator using High-Low Percent. In particular, I like to rank the nine sectors by High-Low Percent or a moving average of High-Low Percent. Note that High-Low Percent equals new highs less new lows divided by total issues. Chartists looking for the weekly leaders in High-Low Percent can look at the 5-day SMA. The table...  Read More

Stocks Relative to Their 52-Week High-Low - SPX v. NDX

by Erin Heim

Today during my DecisionPoint Report webinar, I pulled the intermediate-term indicator chart of SPX Stocks Relative to Their 52-Week Hi-Lo to show my viewers the divergences that are all over this chart. After I finished the webinar and reviewed the chart again, I decided it would be great to see what the same chart for the NDX looked like. It's  Read More

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Bearish Wedge Intact on SPY - NEW! Long-Term BUY Signal on USO - NEW! IT Trend Model BUY for GOLD - Weekly Chart Review

by Erin Heim

Big day today with the rally pop. There are no changes on the DP Scoreboards, but we did get a few important signals outside of the Boards. The most significant is a Long-Term Trend Model BUY signal on USO, this replaces a LTTM SELL signal that has been in effect since 8/2014! The second signal is on Gold. Gold saw a 20/50-EMA positive crossover garnering it a ITTM BUY signal.   Read More

BioTechs Are In The Starters Blocks. Will The Run Start Soon?

by Greg Schnell

The Biotech arena has been a "House Of Pain" for investors while the companies continue to deliver all sorts of pain remedies to people worldwide. But the pattern shaping up on the Biotech ETF's suggests they are one to watch closely. Even the recent tough talking banter couldn't push the Biotechs down. This is the SPDR Biotech ETF (XBI). Looking at two other Biotech  Read More