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1/19 MarketWatchers LIVE Recap - DP Market Indicators Workshop - Sentiment Report

by Erin Swenlin

  Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

PMO Analysis Chart - Market Isn't As Overbought As You Think

by Erin Swenlin

Most of you are familiar with the Price Momentum Oscillator (PMO) and its use on my individual stock, ETF, index charts. However, by analyzing the health of the PMOs within an index, we are able to get a reliable market indicator.  The PMO Analysis charts that are in the DecisionPoint Market Indicator ChartPack tally up whether the PMOs on each component of the index are rising, on buy  Read More

DP Weekly Wrap: Almost A Top

by Carl Swenlin

Friday was the last trading day before options expiration, so higher than normal volume should be attributed to that, not to other interpretations of volume versus price movement. We began the trading week with another breakout to new, all-time highs, but that turned into an intraday reversal. But not to worry, the decline only brought price back to the January rising trend line, which held for  Read More

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TEN-YEAR TREASURY YIELD TOUCHES THREE-YEAR HIGH -- STRONG CHINESE ECONOMY PUSHES MAINLAND STOCKS HIGHER

by John Murphy

TEN-YEAR BOND YIELD TOUCHES THREE-YEAR HIGH The weekly bars in Chart 1 show the 10-Year Treasury Yield touching the highest level in three years today. A decisive close above its late 2016 peak (2.62%) would signal even higher rates. That's a lot better for stocks than it is for bonds. Higher bond yields are also better for economically-sensitive stock groups and  Read More

Maximizing Your Profits Since 2013 - Tensile Trading ChartPack Update #18 (Q4, 2017)

by Gatis Roze

Yes, the markets are extended.  All prudent investors should be reviewing the Permission-to-Sell Dashboard (ChartList 10.4) every week.  We've added another useful market timing chart and made all 15 charts more muscular. The times are a' changing in the ETF arena as well. Hundreds are closing and new smart beta ETFs are being added. This update reflects those profound changes. The  Read More

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Weekly Market Review & Outlook (with Video) - Pow, Straight to the Moon!

by Arthur Hill

Pow, Straight to the Moon! Group Leaders and Laggards. Strategy Going Forward. Fresh Highs for SPY and QQQ. A Tough Week for Small-Caps. Eight of Ten Sector SPDRs Hit New Highs. XLU and IYR Drop out of Oversold Watch. Pullbacks Zones to Watch (XME,SLX,COPX,XES, AMJ). Money Continues to Move out of Safe-haven Bonds. Watching the Raff Channel in Gold. Notes from the Art's Charts ChartList  Read More

My Trading Strategy In An Overbought Bull Market

by Tom Bowley

Market Recap for Thursday, January 18, 2018 Thursday was not a great day for the bulls.  We haven't seen too many times since the August low where all of our major indices finished lower on the session.  Yesterday, however, was one of those days.  But the action recently in the gambling index ($DJUSCA) perfectly illustrates how you can find trading gems in the market despite  Read More

Anatomy of a Trade: Kelly Services (KELYA) - Stops/Targets/Evaluation

by Erin Swenlin

One of my favorite segments to do and watch on the MarketWatchers LIVE show M-F 12:00p - 1:30p EST is the "Anatomy of a Trade". Tom Bowley, my co-host, is a very short-term trader and generally has a handful of trades to discuss. However, I'm not nearly as active as Tom so I usually go through a "paper trade" to explain my trading strategy. Today's blog article is based on a paper trade. One  Read More

Caesars Entertainment (CZR) Jumps Up To The Winning Table

by Greg Schnell

Caesars Entertainment (CZR) made a beautiful breakout on high volume Thursday. It has continually tested this $13.50 level since July 2017. Today, the chips were all placed on Caesar's side of the table. The volume surged to 25 million shares.  The SCTR looks to be surging back into the top 25% area. The Relative strength compared to the $SPX made one month highs. The chart will probably  Read More

Commodities Pause 2018-01-18 Recording

by Greg Schnell

Oil Natural Gas, Gold, Silver flat week to week Two down days in one week! Breadth is still broad Recording available Here's West Texas Crude ($WTIC). After a run like oil has had, it is not a surprise to see a pause in the bullish run higher. The MACD logged a higher high matching the higher high in price. So there is no divergence yet. There does not have to be  Read More

1/18 MarketWatchers LIVE Recap - PnF Review with Greg Schnell - Anatomy of a Trade

by Erin Swenlin

  Welcome to the recap of Thursday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

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SystemTrader - The Dip is Your Friend

by Arthur Hill

Setting the Market Regime and Ground Rules. Sample Signals for SPY and IJR. Backtest Results. I Know What You are Thinking. Conclusions. Mean-reversion trading systems are designed to buy the dip during bull markets. The assumption is that the trend is the major force at work and prices will revert to that trend after a dip. Today, I will review the RSI mean-reversion trading system, offer a  Read More

For The S&P 500, Today's Close Is Historically Significant

by Tom Bowley

Market Recap for Wednesday, January 17, 2018 The Dow Jones didn't fail this time.  After Tuesday's huge reversal from above the 26,000 level, there were a number of question marks about whether the current rally would continue.  The Dow Jones answered those questions rather emphatically with its first close above 26,000 in history.  The Dow Jones has now cleared its fifth  Read More

Strongest Semiconductor Stocks (Plus: Will this Market Ever Pullback?)

by Tushar Chande

Topics: Semiconductor stocks breakout; ESIO bottoms; KSS and TCF breakout; is the Dow within hailing distance of a pullback?  The semiconductors which were hit hard in November during the rotation into Financials have rallied to new highs. I will show the strongest stocks propelling this rally.   Chart 1: The $SOX index broke out to new highs, after enduring a significant sell-off  Read More

DP Alert: Market Overbought or the "New Normal"? - UUP H&S Executing As Expected

by Erin Swenlin

As we watch the SPX continue to move higher in parabolic fashion, it's of course natural to begin to worry about a market collapse. During today's MarketWatchers LIVE show, Tom and I went over what we think are good "alerts" to the bear market switchover. However, Carl made a great point in Friday's "Weekly Wrap" that we could be looking at a "new  Read More

1/17 MarketWatchers LIVE Recap - Guest Tom McClellan - Bear Market Analysis

by Erin Swenlin

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

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STOCK BUYING RESUMES AFTER YESTERDAY'S PULLBACK -- DOW REGAINS 26K

by John Murphy

MARKET INDEXES NEAR YESTERDAY'S INTRA-DAY HIGH Stocks are making a strong comeback after yesterday afternoon's pullback. The charts below show 30-minute price bars for the three major stock indexes. All three are approaching the intra-day highs reached yesterday. Chart 1 also shows the Dow Industrials back above the 26K level. A close in new highs  Read More

PayChex Looks to Hit Payday with Momentum Breakout

by Arthur Hill

PayChex (PAYX), which has nothing to do with Chex cereal, ended its correction with a three-day surge and wedge breakout. First and foremost, the long-term trend is up as the stock broke out in early October and hit a 52-week high in December. The stock was quite extended after 30% advance and then took a breather with the wedge pullback.  A small wedge after a sharp advance is a  Read More

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Defining Steep Uptrends, Setting Trailing Stops and Projecting Flag Targets

by Arthur Hill

Raff Regression Channels and Steep Uptrends. Chandelier Exit Holds Entire Uptrend. SPY Nears Flag Target. Buy the Dip in Bull Markets. Raff Regression Channels and Steep Uptrends There is no such thing as the perfect indicator or the perfect settings, but I would like to show a method to quantify the short-term uptrend and a indicator to set a trailing stop. I will also show  Read More

Big Selling Hits Wall Street; Here's What To Watch On Wednesday

by Tom Bowley

Market Recap for Tuesday, January 16, 2018 Tuesday was perhaps the most bearish day we've seen in quite awhile.  For starters, volume on our major indices was the heaviest in the past 6-7 weeks, excluding option expiration Friday on December 15th.  But the heavy volume, by itself, wasn't the problem.  It was the fact that it accompanied a very significant reversal in  Read More

Collegium Pharma (COLL) Pushes New 2 Year Highs

by Greg Schnell

Collegium Pharma (COLL) is pressing two year highs after IPO'ing three years ago. The stock has built a nice base and looks like it is ready to turn higher.  While this stock has come a long way since November, the current level suggests a major change in trend for the stock. A break above $21 would indicate a stronger stock breaking above resistance. If the stock can't hold above above  Read More

Canadian Market Starts The Year Pausing, New Book And New Video!

by Greg Schnell

The Canadian market ($TSX) has been flat for the month. With a small burst in the first few days, the Canadian market is now only up 0.5%. That compares with the $SPX at 3.85% and the $NDX at 5.33%. While Canadians felt some relief by some rising resource stocks, they were still outperformed massively by the US markets. One of the bright industry spots in the market still  Read More

1/16 MarketWatchers LIVE Recap - Everything StockCharts! - "Monday Set-Ups" - DP Report

by Erin Swenlin

  Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

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Cold Weather And Dark Cloud Cover Seen Over Wall Street

by Martin Pring

Dark cloud cover explained What enhances a dark cloud signal How long is its bearish effect likely to last? Dark cloud cover explained The weather forecast this morning was for wintery weather on the East Coast. However, a more sobering non-meteorological message has been given by the stock market. Tuesday's action for most equity indexes reflected what is known in candlestick  Read More

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Trend Mode Versus Corrective Mode - Playing the Pullbacks (8 Stock Setups)

by Arthur Hill

SPY and QQQ Lead the 2018 Surge. Moving from Corrective Mode to Trend Mode. Déjà vu for HRB and ACH. Playing the Short Correction (NEWM, LYV, YUM). AXL Breaks Out of Big Correction. LPX Makes Good on Third Bounce. AGCO Forms Classic Bullish Continuation Pattern. SPY and QQQ Lead the 2018 Surge  Stocks continued their January romp with further gains on Thursday and Friday  Read More

Media Agencies, Consumer Discretionary Lead Latest Advance

by Tom Bowley

Market Recap for Friday, January 12, 2018 U.S. equities had another nice rally on Friday, this time led by a very strong consumer discretionary sector (XLY, +1.29%).  Eight of the nine sectors finished higher, with utilities (XLU, -0.57%) the only area failing to participate.  The XLU tends to struggle when treasury yields are rising, but the past three days have seen the XLU free  Read More

Using Relative Rotation Graphs(R) to get a handle on both price- and relative rotation in ONE picture

by Julius de Kempenaer

In my last blog, we looked at the 30 components of the Dow Jones Industrials Index and more specifically at the relative positioning and relative rotation of these 30 stocks around their common denominator the DJ Industrials index ($INDU). And despite the fact that this is valuable information you may want to keep an eye on the (absolute) price trends that are in play within that universe as  Read More

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Several Intermarket Relationships Are Forecasting Higher Commodity Prices

by Martin Pring

CRB Composite nudging through mega resistance Key intermarket relationships starting to point in an inflationary direction Inter-asset ratios also confirm the inflationary scenario Euro breaks to the upside   CRB Composite nudging through mega resistance Late last month I wrote about several charts I was watching for a possible breakout in 2018. One of them was the  Read More

Building a Rules-Based Trend Following Model - 2

by Greg Morris

In my first article of this series I outlined the concepts that would be discussed in this series. See HERE.  In this article we need to discuss some of the building blocks that will be used and how to interpret them. Description of Binary and Analog Measures  Read More

Reaccumulation Review

by Bruce Fraser

A big thank you to Erin Swenlin and Tom Bowley for hosting me on MarketWatchers LIVE this past Wednesday. I had a blast being on their excellent (and Live) market program. The Wyckoff topic we covered was Reaccumulation structures. There were a few interesting intra-day charts that we did not have time to show. Let's look at those charts here and use them for a general review of the very  Read More

1/12 - MarketWatchers LIVE Recap - 2018 Market Forecast - DP Sentiment Report

by Erin Swenlin

  Welcome to the recap of Friday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

DP Weekly Wrap: Zoom!

by Carl Swenlin

Positive events resulting from the recent tax cut legislation continued to lift the market this week, bonuses and pay raises being most prominent in the headlines. I'm sure that there is a substantial element of anticipation as to the positive effects of corporate taxes being cut by 40%, but I think it will take a while before we have an accurate assessment of the bottom line. At any rate, I  Read More

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EURO REACHES THREE-YEAR HIGH AGAINST DOLLAR -- THAT'S GOOD FOR COMMODITIES

by John Murphy

EURO REACHES THREE-YEAR HIGH Yesterday's message showed the euro on the verge of a new three-year high. The weekly bars in Chart 1 show the eurozone currency achieving that bullish breakout in today's trading. I also mentioned yesterday that a move above 1.20 would push the common currency above a long-term resistance line. That's the red line Chart 1 which is drawn  Read More

Expedia (EXPE): Perfect Opportunity or Bad Weather Ahead?

by Greg Schnell

Expedia is at a huge point of reckoning here. Will this be a perfect opportunity or bad weather ahead? First of all, this $130 level was huge resistance before. When Expedia broke through, it soared to the upside. Recently, the stock had a terrible week losing 20%. But we saw this back in 2013. The stock soared from a beaten down status for the next four years. Digging deeper, we are  Read More

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Weekly Market Review & Outlook (w/ Video) - Animal Spirits Coming to a Small Cap Near You

by Arthur Hill

A Change in Market Regime. Be Careful with the Price Relative. Small-caps are Just Getting Started. Animal Spirits Find IJR. SPY "Overbought" Period Hits Day 70. Seven of Ten Sector SPDRs Hit New Highs. Two Small-cap Sectors to Watch. 7-10 YR T-Bond ETF Extends Breakdown. Gold Stalls after Breakout. Oil Extends Uptrend. Notes from Art's Charts ChartList.  Read More

Oracle (ORCL) Needs To Double Dribble

by Greg Schnell

Oracle stock (ORCL) has been languishing lately, but the stock showed up this week on one of my weekly scans. When I started to look more deeply, I noticed that signals on the Full Stochastics panel usually need to double bounce or double dribble. It starts to bounce up then rolls over and takes roughly three months to make the second tradable low. The crossing of the 20 line  Read More

Small Caps Lead With Powerful Rally; Airlines Prepared For Takeoff

by Tom Bowley

Market Recap for Thursday, January 11, 2018 The small cap Russell 2000 ($RUT) led U.S. indices higher on Thursday with more across-the-board record highs being set.  The RUT gained 1.73%, more than doubling the advance on any of the other major indices.  There were plenty of reasons, but leadership from energy (XLE, +2.05%) and consumer discretionary (XLY, +1.63%)  Read More

Coal And Steel Rocket Higher - Recording 2018-01-11

by Greg Schnell

Steel and Coal rocket higher Gasoline and Heating Oil continue higher Brent works toward $70, $WTIC works toward $65 Natural Gas has a record withdrawal, sudden surge The currencies are critical to watch here In what was a huge week for Steel stocks and coal stocks, this was almost vertical.  Gasoline and Heating Oil confirmed the move in oil. Brent hits $70, $WTIC works toward  Read More

Strong Stocks Leading to Bear Market in Bonds and Men?

by Tushar Chande

Bill Gross announced irreverently that there is now a bear market in bonds and men.  Elsewhere, Ralph Acampora opined  Read More

Bad News for Bonds - New IT Trend Model Neutral - 30-Yr Yields Prepare for Breakout

by Erin Swenlin

Today I received notice that TLT had triggered a new Intermediate-Term Trend Model (ITTM) Neutral signal. I decided to take a look at $TYX to see if yields were lining up with the action on TLT. Of course the relationship between TLT and $TYX is inverse, so a bearish TLT chart should yield (no pun intended) a 30-Yr Treasury Yield chart that is bullish. It did, only in a slightly different way  Read More