Today Erin takes a deep dive into the Semiconductors (SMH). She goes over the "under the hood" health of the industry group and then takes us within the industry group to find the leadership stocks in that area...
Today the Consumer Discretionary ETF (XLY) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generation an IT Trend Model BUY Signal...
We had a positive finish to the week. I'm especially happy about the maturity of previous "Diamonds in the Rough" which are really beginning to outperform. The spreadsheet is very 'green' right now...
While we don't typically begin with a monthly chart, it seems like a good place to start, as most of the good news is present there. Beginning on the left side, we can see how gold made a parabolic advance into an all-time high in 2011...
Today the Biotechnology ETF (IBB) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. If we look "under the hood" we can see that participation continues to expand...
Today, the Biotechnology ETF (IBB) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. If we look "under the hood," we can see that participation continues to expand...
Thank you to those that submitted Reader Requests for today. They came in pretty light. I noticed a definite skew toward growth areas like Technology and Consumer Discretionary. Given the market appears ready to reignite, these aggressive areas may not be a problem...
Today the Health Care Sector ETF (XLV) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. It looks like a possible breakaway gap today, but we also have to be cautionary as it could be setting up a reverse island formation...
The market is uninterested in declining, although today it was helped along by the CPI report that indicated inflation measures are going in the right direction to imply a possible rate cut...
The Energy sector (XLE) is still in the midst of a declining trend and is situated within a declining trend channel. This channel does have a bullish aspect to it as it is a flag on a flagpole...
The market is continuing to climb higher, but if my scans are any indication, it is quite vulnerable to decline right now. Scans will usually produce upwards to 100 stocks or more when the market is clicking. I notice that the results tighten up near market turns...
Today the Technology Sector ETF (XLK) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. While this seems a good rally, we aren't seeing it supported by broad participation...
Today's focus was on the current and long-term conditions of Bonds and Yields which are at an inflection point. Yields are attempting to hold onto a rising trend and Bonds are plodding along to the upside for now...
A number of weekly Price Momentum Oscillators (PMOs) turned up this week, but two saw reversals above the signal line which is especially bullish in the intermediate term. We call these bottoms above the signal line "surges"...
We had four "Diamonds in the Rough" finish lower on the week, but the other six made up for it with mostly 1%+ gains. The market does feel toppy right now so be careful expanding your portfolios. Make sure you are using stops for protection should this rally run out of steam...
Editor's Note: This is an excerpt from today's DP Diamonds report. UNG is down -0.12% in after hours trading. Today it had an over 6% rally and that is likely to lead into some downside tomorrow which would offer an opportunity to get in. The chart has really matured...
The scan results weren't plentiful, but of the results there were three clear themes to exploit. Let me talk about the market a little bit first...
Today the Dow Jones Industrial Average ETF (DIA) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. The Dow saw a better rally today, but under the hood it isn't quite as strong as the SPY...
The Dow Jones Industrial Average ETF (DIA) 20-day EMA crossed up through the 50-day EMA (a Silver Cross), generating an IT Trend Model BUY Signal. The Dow saw a better rally today than the SPY, but, under the hood, it isn't quite as strong as the SPY...
The scan results weren't plentiful, but of the results there were three clear themes to exploit. Let me talk about the market a little bit first...