DecisionPoint

DP Alert: New ST Trend Model BUY for NDX - Gold Pulls Back

Today the Nasdaq 100 triggered a new Short-Term Trend Model (STTM) BUY signal. This replaces a Neutral signal from exactly one week ago. In the thumbnail of the chart below the DecisionPoint Scoreboards, you can that the Neutral signal was the victim of whipsaw. I've been bearish on the market of late, but looking at NDX price movement, I like the last bottom forming above the previous and a breakout attempt being made to new all-time highs. Note also that the Price Momentum Oscillator (PMO) has now turned up.

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DP Alert: Indicators Turn South - UUP New PMO SELL Signal

A look at the DecisionPoint Scoreboards reminds us that the short term is weak. Don't be fooled by the IT PMO BUY signals on the boards right now, I happen to know we have negative crossovers showing up on the weekly charts for three of these indexes. It's not surprising that our indicators are in line with the current scores.

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DecisionPoint Weekly Wrap 4/13/2017 -- Market Overvalued

S&P 500 earnings results for 2016 Q4 are in, and the market is still grossly overvalued. The chart below shows the S&P 500 Index (black line) in relation to where it would be if it were undervalued (green line), fair value (blue line), or overvalued (red line). The current price is far above overvalue side of the range, because the S&P 500 has a P/E of 25. Earnings are expected to grow by +26% by the end of 2017 Q4, which would drop the P/E to 20, but only if price goes no higher. If the bull market advance continues, overvaluation will continue to be a problem.

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New Long-Term Trend Model BUY Signal for Gold

A new Long-Term Trend Model signal triggered on Gold today. This occurs when the 50-EMA crosses above the 200-EMA. When this happens, DecisionPoint theory is that any stock, ETF, index, etc. with a 50-EMA above the 200-EMA is in a technical bull market. What does this mean? If you are in a "bull market" environment, you should expect bullish outcomes over bearish outcomes.

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Uranium Looking Good - Excerpt from MarketWatchers LIVE

I'm really enjoying myself co-hosting the MarketWatchers LIVE webcasts Monday/Wednesday/Fridays at 12:00p - 1:30p EST. On Mondays and Wednesdays in this blog, I'll pick up an interesting topic or chart to elaborate on. I have to thank one of our Twitter followers for this pick. We had some time at the end of Tom's regular "Ten in Ten" segment (10 charts annotated in 10 minutes!) to take a few viewer requests. Uranium came up.  Tom took a look and then I did a DP style review. I am impressed with this viewer pick and here's why.

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DecisionPoint Weekly Wrap April 7, 2017

*** IMPORTANT NOTE: We are making some changes to our DecisionPoint blogs and webinars starting on April 1st.Click here for more details. ***


Despite a negative reaction to Fed comments, and the U.S attack on a Syrian air base, the market held steady within the current corrective phase. The 10-minute bar chart below shows two weeks of activity. Note that the bottom of a decline on Monday defined the bottom of a trading range that would hold for the rest of the week. An attempt to break out of the range on Wednesday failed, and prices retreated back into the sideways pattern initiated after Monday's bottom.

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