SPY 10-Minute Chart: There have been concerns about the health of the treasury markets based on the rising yields. Today, yields popped on a disappointing auction coming off the heels of a downgrade of U.S. debt...
With the market turning down today, ETF Scans didn't really produce. I found one of today's selections through the scans, but the other two come from the ETF Tracker. I suspect these should do well even with a market turn over, but set some stops to be safe...
Today the Dow Jones Industrial Average ETF (DIA) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. DIA has not been performing as well as the SPY, but it is on a good rally...
The market was down to start the week. It is overdue for a decline. I was happy that while the scans didn't see a large amount of results, there were some good selections today. I even have a runner-up list for you...
Today the Russell 2000 ETF (IWM) 20-day EMA crossed up through the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. Price has formed an island and that does leave it vulnerable to a bearish reverse island formation...
Today theNasdaq 100 ETF (QQQ) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. The rally is strong and we can see that the QQQ has been outperforming the SPY...
This week's average for "Diamonds in the Rough" was negative which isn't good given the SPY was up over 5% this week, but I'm happy with what we have as the majority of positions are in the green...
Today the S&P 500 Index ETF (SPY) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. We'll discuss the implications further in the report...
Considering this rally, we should not be having trouble finding stocks, but scans continue to come up mostly dry. I was thankful for Reader Request Day as I'm really struggling to find "Diamonds in the Rough". Apparently readers are struggling too...
Today the S&P 500 ETF (SPY) 20-day EMA crossed up through the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. We'll discuss this in more detail throughout this report. We have a beautiful gap up on the weekly chart...
Scans came up empty today. I did find one ETF from one of my scans, but the other two I went off the ETF Tracker ChartList...
Today the Nasdaq 100 ETF (QQQ) 20-day EMA crossed up through the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. The rally has been strong out of the bottom. The RSI is nearly overbought so it may be time for at least some consolidation to bring it down...
I was definitely unimpressed by today's scan results. I tried very hard to find four selections within the scan results, but I just wasn't completely happy so I decided to branch out...
Over the weekend, the Trump administration made good progress in trade negotiations with China, increasing investor confidence that an agreement will ultimately be reached. This resulted in today being an explosive up day...
Today the NYSE Composite ($NYA) 50-day EMA crossed up through the 200-day EMA (Golden Cross), generating an IT Trend Model BUY Signal. The rally continues for the NYSE. The RSI is not at all overbought and the PMO is rising above the zero line...
This was a relatively successful week for "Diamonds in the Rough". We did end up averaging down -0.03% overall, but that was better than the SPY which was down -0.43% on the week...
Today the Industrial Sector ETF (XLI) 20-day EMA crossed up through the 50-day EMA (Silver Cross) generating an IT Trend Model BUY Signal. XLI is on a strong rally and it looks as if it will challenge all-time highs very soon. Participation is very robust...
I only had one person send in requests this week. They were all "Diamonds in the Rough" as far as I'm concerned. If I had one beef it would be that a lot of these rallies have been motion for some time, but I do think there is more upside to be had...
There were no surprises as far as what the Fed was going to do with rates, leave them the same. The issue became the comments that Chairman Powell shared. He sees a possibility for stagflation but so far the job market is holding steady...
It has been awhile since I had a clear theme in the scans. Today it was all about Bonds. I am still somewhat bullish on yields so I wasn't excited about presenting Bond funds, but ultimately that is what the scans told me to do...