The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in response to investors losing confidence in the AI trade in general. Carl gives us a complete picture of the Magnificent Seven in the short and intermediate terms. It doesn’t look very good.

Carl also gives us insight on the condition of Intel (INTC) which has been discussed as a good reversal candidate. Carl gives us his opinion on whether we should be buying INTC or not.

Erin looks inside darling, Consumer Staples (XLP) using DecisionPoint “under the hood” charts to understand the actual health of the sector. She also dives into Energy (XLE) which is on support and Consumer Discretionary (XLY) which has been in a holding pattern. Participation gives us a hint as to where it is likely to resolve.

The pair finish the program with a look at viewer symbol requests.

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01:23 DecisionPoint Signal Tables

03:57 Market Analysis

13:22 Magnificent Seven Short and Intermediate Terms

22:25 Discussion on Intel (INTC)

25:40 Sector Rotation (Coverage of XLP, XLE and XLY)

34:05 Questions (Nuclear Energy ETF)

40:02 Symbol Requests

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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

Good morning and welcome to this week’s Flight Path. Equities flashed an uncertain “Go Fish” bar at the end of the week as the markets became even more unsettled. Treasury bond prices remained in a “Go” trend and saw that trend was strong for almost all of last week. U.S. commodity index remained in a “NoGo” painting strong purple bars the entire week and it was no picnic for the dollar either. The greenback saw the “NoGo” continue and the week ended with a couple of purple bars.

$SPY Falls Out of “Go” Trend

The GoNoGo chart below shows that after seeing trend weakness with aqua bars the week ended with an amber “Go Fish” bar. This most recent “Go” move was unable to set a new higher high before the GoNoGo Trend indicator painted a “Go Fish” bar of uncertainty. We look at the oscillator panel and see that after briefly testing the zero level from above GoNoGo Oscillator fell into negative territory on heavy volume. This inability to find support at zero was a concern for the “Go” trend.

The longer time frame chart shows that last week was a bad one. However, we still see that the trend is a “Go” painting blue bars. We can see that price hasn’t made a new higher high but the trend remains and GoNoGo Oscillator is in positive territory at a value of 2. We will watch to see as the oscillator gets closer to zero if it finds support at that level.

Treasury Yields Stay in “NoGo” Trend

Treasury bond yields painted strong purple “NoGo” bars this week and we saw a sharp fall that saw a challenge of recent lows. In the oscillator panel, we see that a Max GoNoGo Squeeze was broken to the downside, with GoNoGo Oscillator falling into negative territory. This tells us that momentum is surging in the direction of the underlying “NoGo” trend and so we see a NoGo Trend Continuation Icon (red circle) in the above panel.

The Dollar’s “NoGo” Remains

As strong purple bars return we see that the U.S. dollar has made a new lower low. GoNoGo Trend shows that trend strength returned at the end of the week and so the weight of the evidence tells us that the “NoGo” trend is in full force. If we look at the oscillator panel, we see that GoNoGo Oscillator has rallied to test the zero line from below. It has remained stuck at that level for several bars and so we see a GoNoGo Squeeze building. As we see heavy volume, it will be important to watch for the direction of the break of the GoNoGo Squeeze.

Any strategy that trades stocks needs some sort of market timing mechanism to identify bull and bear markets. Typically, stock strategies are fully invested during bull markets because risk is acceptable. Strategies move to cash during bear markets because risk is above average. Preserving capital during bear markets is important to long-term outperformance (see SystemTrader).

Here is a simple idea for a market timing mechanism. First, use the S&P 500 SPDR (SPY) to represent the US stock market. SPY is based on the S&P 500, which is the most widely used benchmark for US stocks. Second, apply a long-term trend indicator for broad market timing. The chart below shows SPY with the Trend Composite. This indicator aggregates signals in five trend-following indicators. It is currently at +5 and still signaling a long-term uptrend (bull market). Note that this indicator is part of the TIP Indicator Edge Plugin for StockCharts ACP.

The chart above starts in 2022. Notice that the Trend Composite was mostly negative (bearish) in 2022. Strategies trading stocks would have been mostly in cash during this bear market and this would have preserved capital. The Trend Composite turned positive in February 2023 and has been mostly positive the last 19 months. It spent three weeks in negative territory from late October to mid November 2023 (whipsaw). Strategies trading stocks would have been mostly long during this period and participated in the bull run.

Strategies should have well-defined rules governing decisions. Stocks moved sharply lower last week, but the Trend Composite has yet to turn negative and signal a bear market. Similarly, the Composite Breadth Model, which times the market for our Dual Momentum Rotation Strategies, has yet to turn bearish. Thus, our strategies remain invested in stocks showing strong upside momentum. They will move to cash when a bear signal triggers. Click here to learn more. 

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Much like the southeastern portion of the U.S. frets over the potential of devastating hurricanes, stock traders and investors brace for their own financial hurricane this time of year. Last week, we saw the NASDAQ 100 ($NDX) tumble, dropping nearly 6% during a holiday-shortened trading week. This isn’t unusual. The NDX has lost ground during September in 9 of the past 12 years:

Look at those average monthly returns for each calendar month over the past 12 years – since the secular bull market began in 2013. 9 of the 12 calendar months average double digits gains, with July (+4.4%), November (+3.9%), and May (+2.7%) topping the list. December (-0.1%) is the only other month showing a negative average return, though it’s essentially breakeven. That leaves September, which has averaged moving lower by 2.4% over the past 12 years, as the worst performer among all calendar months.

As August ends, it reminds me of Metallica’s hit, “Enter Sandman”. Remember the line, “exit light, enter night”? August is the light (at least on a relative basis) and September is the night. As soon as the calendar flipped, sellers appeared and were ready to rumble. Thus far, the bulls haven’t put up much of a fight.

There is a silver lining, however. We just need to escape September first. Here’s a seasonality chart of the S&P 500:

This covers the past 12 years, or the entirety of the current secular bull market, which, in my opinion, began the day that the S&P 500 cleared its 2000 and 2007 tops. That was on April 10, 2013 and the S&P 500 never looked back. Study those average monthly returns. You can clearly see a significant drop off in August and especially September, right? Then, like a water faucet being turned from cold to hot, the market heats up big time in Q4. By simply adding the monthly returns in each calendar quarter, you can see the following historical performance of the S&P 500 by calendar quarter:

• Q1 (January, February, March): +2.2%
• Q2 (April, May, June): +3.4%
• Q3 (July, August, September): +1.2%
• Q4 (October, November, December): +5.9%

Does this guarantee us excellent market returns in Q4 2024? Of course not. But it is ONE bullish historical signal that you should be aware of, especially if we begin to see bottoming signs form technically. The absolute BEST period of the year to be invested in the S&P 500 from a long perspective is from the October 27th close through the following January 18th close. The S&P 500 has ended that period higher that it began in each of the last 7 years and in 14 of the last 15 years. And if we stretch it further, that upcoming period has risen 38 of the last 41 years. It’s not a slam dunk, but the odds of the period ending higher sure do favor the bulls by a WIDE margin.

Let me add to this bullish history with one more fact. Since 1982, this October 27th close to January 18th close has seen the S&P 500 climb more than 10% 8 times, more than 9% 12 times, and more than 8% 16 times! Yet we’ve only seen 3 declines over that same period. The % lost in those 3 years are 8.98% (2016), 13.68% (2008), and 2.29% (2001). I’ll take my bullish chances when the September/October low forms.

I talked about potential levels on the S&P 500 when it finally reaches bottom over the next handful of weeks. My weekly market recap video for the week ended September 6th, “Where Is The Likely S&P 500 Bottom?”, is ready for your viewing pleasure. Please “Like” the video and “Subscribe” to our channel, if you haven’t already. Feel free to leave me a comment with your thoughts on the S&P 500 as well.

Also, on Monday, I’ll be breaking down a chart that looks like it is heading lower in a big, big way in our FREE EB Digest newsletter. If you’d like to see the article and you’re not already a free subscriber, CLICK HERE to register. There is no credit card required and you may unsubscribe at any time.

Happy trading!

Tom

After initially forming a fresh incremental lifetime high, the markets succumbed to selling pressure from higher levels after spending some indecisive sessions during the week. The week that went by saw some early signs of the Nifty entering into broad corrective consolidation while ending near its low point of the trading range. Given the corrective undertone, the trading range got wider as well; the Nifty 50 oscillated in a 532.35-point trading range. The volatility spiked as well; the volatility barometer India VIX surged by 13.63% to 15.22 on a weekly basis. While setting a distinct corrective undertone, the headline index closed with a net weekly loss of 383.75 points (-1.52%).

In the previous technical note, it was categorically pointed out that the Nifty stays significantly deviated from its means; the nearest 20-week MA which is at 23795 is 1057 points below the current levels. The 50-week MA which is at 22208 is currently over 2640 points below the current close. Even if the Nifty attempts a modest mean-reversion, it can see this corrective bias getting extended. The derivative data suggests that the Index has dragged its resistance levels lower; the zone of 25000-25250 is now an important resistance for the index. So long as the Nifty is below this zone, it is likely to stay prone to profit-taking bouts from higher levels.

Expect the markets to start the fresh week on a soft and tepid note. The levels of 25075 and 25250 are likely to act as resistance points for Nifty; the supports come in lower at 24600 and 24480 levels.

The weekly RSI stands at 67.74; it has slipped below the 70 levels from the overbought area which is bearish. It however stays neutral and does not show any divergence against the price. The weekly MACD is bullish and above its signal line; however, the narrowing Histogram hints at an imminent negative crossover in the coming weeks.

A Bearish Engulfing candle has emerged; the occurrence of such a candle following an uptrend has the potential to disrupt the current trend. However, this will need confirmation going ahead from here.

The pattern analysis of the weekly chart shows that the markets are showing some first signs of fatigue at higher levels. The zone of 25000-25250 has become an immediate resistance zone and until the Nifty moves past this zone convincingly, it is unlikely to show any trending move on the upside. It continues to deviate from its mean; this may keep the index somewhat vulnerable to corrective retracements.

All in all, the markets will likely continue exhibiting tentative behavior; unless the mentioned resistance zone is not taken out convincingly, the Nifty may remain under broad consolidation or corrective pressures. Defensive setup may also remain evident, pockets like IT, Pharma, FMCG, Energy, etc., may do well. Avoiding excessive leveraged exposures and staying highly selective while making fresh purchases is strongly recommended. While vigilantly guarding profits at higher levels, a cautious approach is advised for the coming week.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

Relative Rotation Graphs (RRG) show the Nifty Pharma, IT, Consumption, and Midcap 100 indices are inside the leading quadrant. Though the Midcap 100 index is giving up on its relative momentum, these groups are likely to relatively outperform the broader markets over the coming weeks.

The Nifty Auto and PSE Indicex are inside the weakening quadrant; the PSE pack is showing strong improvement in its relative momentum against the broader Nifty 500 index.

The Nifty Financial Services, Commodities, Infrastructure, Banknifty, PSU Bank, Metal, the Realty indices continue to languish inside the lagging quadrant are are set to relatively underperform the broader Nifty 500 index. The Nifty Energy Index is also inside the lagging quadrant; however, it is seen sharply improving its relative momentum against the broader markets.

The Media and the Services sector indices are currently placed inside the improving quadrant.

Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

This week, the market appeared to shift dramatically from “stalling out at all-time highs” to more of a “big time risk-off selloff move” kind of situation. The warning signs were building in August, but, so far, September is ringing all kinds of market topping alarm bells. Let’s review three key charts that tell the story of this shift in investor sentiment.

Weaker Momentum Indicates Bulls are Exhausted

When the S&P 500 first tested the 5650 level in July, the daily RSI pushed above 80 to reinforce the strong positive momentum. Then, when that level was retested in late August, the RSI was down around 60.

What appeared to be a potential pause before an upside breakout now seems to be a confirmed double top pattern with weakening momentum characteristics. This suggests an exhaustion of bullish sentiment and looks awfully similar to previous market tops.

Looking for help navigating what will most likely be a turbulent September and beyond? Our Market Misbehavior premium membership could be the answer. From our Weekly Flight Plan report to virtual courses on technical analysis and an interactive members-only community, we’re ready to help you upgrade your market awareness! Sign up today and use code DK2024 for 30% off your first 12 months on any plan!

To be clear, the S&P 500 still remains within 5% of an all-time high.  But with the SPX down over 4% this week, and the Nasdaq 100 down almost 6%, bears appears to be back in control of the major market averages.

Elevated Volatility Implies Elevated Risks

I was super surprised to see the VIX come back down to the mid-teens in mid-August after spiking to one of its highest levels in history. Through late August, the VIX remained below the 20 level, suggesting a low-volatility environment.

This week, the VIX pushed back above that crucial 20 level, signaling elevated uncertainty and therefore elevated risk for stocks. Every day the VIX remains above 20 should give less comfort to bulls cautiously looking for a dramatic upside reversal.

Newer Dow Theory Flashes Bearish Non-Confirmation

Finally, we can look what I call the “Newer Dow Theory,” an adaptation of Charles Dow’s foundational work relating the movements of two major equity indexes. While Dow used the Dow Transports and Dow Railroads to gauge economic strength, I like to consider an equal-weighted S&P 500 and equal-weighted Nasdaq 100 to compare the performance of “old economy” versus “new economy” names.

Over the last six weeks, while the S&P 500 itself has stalled out around the 5650 level, the Invesco S&P 500 Equal Weight ETF (RSP) has actually achieved a new all-time high. At the same time, the Direxion Nasdaq 100 Equal Weighted ETF (QQQE) has actually displayed a lower peak. Dow called this configuration a “bearish non-confirmation,” where a new high from one index was not confirmed by the price action of another. And this bearish non-confirmation is a common feature of major market peaks.

As a trend-follower, I would argue that the primary trend in the S&P 500 remains bullish as long as the index remains above the August swing low around 5200. But given the growing signs of deterioration in these key macro charts, the likelihood of further downside in September feels very real.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!

David Keller, CMT

Chief Market Strategist

StockCharts.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

In this StockCharts TV video, Mary Ellen reviews the current downtrend taking place in the S&P 500 and Nasdaq, and highlights the “uninverting” yield curve. She finishes with a deep dive into Nvidia, sharing how to handle the stock depending on your investment horizon.

This video originally premiered September 6, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

After a week of wavering action, the stock market made a directional move—a lot lower—after Friday’s jobs data. Investors are concerned about the economy, and the narrative has switched from inflation worries to thinking that perhaps the Fed is too late in cutting rates. Today’s MarketCarpet shows a lot of red.

It will be interesting to see how much the Fed cuts interest rates in their September meeting. As of this writing, the probability of a 25-basis point interest rate cut is 71%, with a 50-basis point probability lowering to 29%. Will this change if next week’s August inflation data comes in cooler than expected? That remains to be seen. In the meantime, let’s see how much damage occurred in equities.

Analyzing the Stock Selloff

The S&P 500 ($SPX) was holding on to the support of its 50-day simple moving average (SMA) until Friday, when it plunged toward its 100-day SMA. The stochastic oscillator has also entered oversold territory, so watch this level to see how long it stays at this level.

CHART 1. S&P 500 SELLOFF SENDS THE INDEX TOWARD ITS 100-DAY MOVING AVERAGE. Keep an eye on the stochastic oscillator or any other momentum indicator.Chart source: StockChartsACP. For educational purposes.

Is this a case of too much too quickly? It may seem that way, but if you’ve been investing for a while, you know that when the market is overextended, a quick and dirty selloff happens.

Big Tech stocks got slammed. Tesla (TSLA), one of the stronger performers this week, gave up most of those gains, falling over 6%. The rest of the Mag 7 stocks—Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT), Nvidia (NVDA), and Meta Platforms (META)—got slammed as well.

Broadcom (AVGO) sold off after announcing earnings on Thursday after the close, which may have added more fuel to the fire in the semiconductor selloff.

The daily chart of the VanEck Vectors Semiconductor ETF (SMH) clearly shows a downtrend. If the next low takes out the August low, the downtrend will be confirmed.

CHART 2. SEMICONDUCTORS GET SLAMMED. A downward sloping trend, dip in the SCTR score, weakness in MACD, and declining relative performance with respect to the S&P 500 point to weakness in semis.Chart source: StockChartsACP. For educational purposes.

The StockCharts Technical Rank (SCTR) score dropped to single digits after enjoying a position above 90 for an extended period. SMH closed below its 200-day SMA, the Moving Average Convergence/Divergence (MACD) is turning lower with the MACD line crossing below the signal line, and the ETF’s relative performance with respect to the S&P 500 is falling. The technical picture is not pretty.

Bonds, Oil, Crypto  

After the jobs report, Treasury yields dropped, with the 5-year yield lower by 1.44%, 10-year lower by 0.56%, and the 30-year lower by 0.07%. For the 5- and 10-year Treasuries, these are the lowest levels in a year.

Commodities also suffered, especially crude oil, which has been sliding since April. The United States Oil Fund (USO) may not have hit its yearly low like the crude oil futures, but it is getting close.

Bitcoin ($BTCUSD) is close to the lower channel of its gently sloping downtrend (see chart below). A break below this channel (dotted blue lines) could send the cryptocurrency towards 50,000 or lower. With the MACD showing weakening momentum, further decline is likely.

CHART 3. A BREAK BELOW THE LOWER TRENDLINE COULD SPELL TROUBLE FOR BITCOIN. If Bitcoin shows further weakness, it could fall much lower.Chart source: StockChartsACP. For educational purposes.

One chart I’ll be watching closely is the CBOE Volatility Index ($VIX). On a significant selloff day, I expected VIX to spike as much as it did on August 5. That it didn’t could mean more volatility lies ahead. This could send the VIX higher and higher, and might be a warning signal of further selling. That makes this something to watch very closely.

Why is the US dollar up? That’s a big question mark and something to ponder over the weekend as we prepare for next week’s inflation numbers. Expect more choppiness next week.

End-of-Week Wrap-Up

• S&P 500 closed down 4.25% for the week, at 5408.42, Dow Jones Industrial Average down 2.93% for the week at 40,345.41; Nasdaq Composite closed down 5.77% for the week at 16,690.83
• $VIX UP 12.46% for the week closing at 22.38
• Best performing sector for the week: Consumer Staples
• Worst performing sector for the week: Technology
• Top 5 Large Cap SCTR stocks: Insmed Inc. (INSM); Cava Group (CAVA); FTAI Aviation Ltd. (FTAI); SharkNinja, Inc. (SN); Coca-Cola Consolidated (COKE)

On the Radar Next Week

• August Consumer Price Index (CPI)
• August Producer Price Index (PPI)
• August Export and Import Prices
• September Preliminary Michigan Consumer Sentiment

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

We are always on the lookout for chart patterns. We found a bearish head and shoulders developing on Semiconductors (SMH).

Looking at the daily chart below we can see the pattern developing. However, we do have to point out participation. Note the very low percentages on %Stocks > 20/50EMAs. These are clearly oversold readings and if we look back at the vertical green lines that mark cardinal price bottoms, you’ll note they were at these levels. One thing to keep in mind is that oversold conditions can persist in a bear market. SMH is down over 20% from the July top so we could see low readings for some time.

The Silver Cross Index is about to see a Bearish Shift across the signal line and that would give us a Bearish Bias in the intermediate term. It is already at a very low 36% reading suggesting how unhealthy this group is.

This head and shoulders pattern looks dangerous. Textbooks tell us that a break below the neckline would imply a downside move that is the height of the pattern. That would take price back down to 120.00. We doubt that will happen, but 160.00 doesn’t seem out of the question if this pattern executes.

Conclusion: Semiconductors (SMH) are in a bear market and are now forming a bearish head and shoulders pattern that would imply a drop well below 160.00. Given participation readings are very oversold, we aren’t so sure it will see that kind of devastation, but we definitely should be prepared for more downside from this group.

Introducing the new Scan Alert System!

Delivered to your email box at the end of the market day. You’ll get the results of our proprietary scans that Erin uses to pick her “Diamonds in the Rough” for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!

Learn more about DecisionPoint.com:

Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!

Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 Subscribe HERE!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

I’ve been around long enough to remember when Intel (INTC) was the NVIDIA of the day. Now INTC is under severe pressure, having suspended its dividend, and currently being considered for removal from the Dow 30 Industrial Average. Oh, how the mighty have fallen! With INTC having declined so much, we wonder if it is time to be bargain hunting this stock. Let’s look at charts in three time frames to find the answer.

The daily chart below shows it making new 52-week lows today. The daily PMO was rising above the signal line, but it has turned down, and the PMO is deeply below the zero line. INTC has been in a narrow trading range for about a month. If it were to break up out of that range, it might be considered as a buy candidate, but for now it doesn’t look promising.

The weekly chart doesn’t look any more promising. We can see that a line of support has been violated, and that the weekly PMO is falling well below the zero line. No encouragement here.

Finally, the monthly chart shows that a very long-term support line has been violated, and the monthly PMO is falling below the zero line. INTC has just entered a zone of congestion wherein it may find support, but the potential is for price to fall to 7.50.

Conclusion: So, to answer our initial question, no, there are no signs in any of the three time frames that now is the time to be buying this stock. Probably the first sign that it may be time to consider an entry would be when the daily PMO turns up, accompanied by positive price action. Gradually adding to the position could take place as we see similar signs in the weekly and monthly time frames.

Introducing the new Scan Alert System!

Delivered to your email box at the end of the market day. You’ll get the results of our proprietary scans that Erin uses to pick her “Diamonds in the Rough” for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!

Learn more about DecisionPoint.com:

Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!

Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 Subscribe HERE!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules