Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Heed This Warning!

by April 20, 2023
April 20, 2023
Heed This Warning!

We’ve been watching and waiting for our IT indicators to turn down in overbought territory and today they did. Add to this a topping Price Momentum Oscillator (PMO), a downside initiation climax, topping Swenlin Trading Oscillators (STOs) and numerous negative divergences and you have a recipe for a short- to intermediate-term decline. These indicators typically top at major market price tops so you’ve been warned.

Today we discussed with subscribers that the concerns we had earlier are now materializing into what we believe will be a very difficult decline. Here are some excerpts from today’s DecisionPoint Alert publication. If you’d like to try out a subscription and receive consistent analysis of market conditions as well as discussions on Bitcoin, Yields, Bonds, Crude Oil, the Dollar, Gold and Gold Miners, use Coupon Code: DPTRIAL2 at checkout on DecisionPoint.com and get two weeks FREE.

Climax* Analysis: There were two climax readings among the four eligible indicators, and SPX Total Volume was almost equal to the one-year daily average, so we are declaring today to be a downside initiation climax.

*A climax is a one-day event when market action generates very high readings in, primarily, breadth and volume indicators. We also include the VIX, watching for it to penetrate outside the Bollinger Band envelope. The vertical dotted lines mark climax days — red for downside climaxes, and green for upside. Climaxes are at their core exhaustion events; however, at price pivots they may be initiating a change of trend.

Short-Term Market Indicators: The short-term market trend is UP and the condition is NEUTRAL.

After rising yesterday, the STOs decidedly turned down. Participation thinned and Rising Momentum took a hit too. All of these short-term indicators have given us negative divergences suggesting more downside ahead.

Intermediate-Term Market Indicators: The intermediate-term market trend is UP and the condition is OVERBOUGHT.

This was a big day for the ITBM and ITVM which both turned down today. Nearly every time this indicator tops, a market decline follows. Not surprisingly, we lost some PMO BUY signals among components of the SPX. This is ominous coming alongside a PMO top and a downside initiation climax.

Conclusion: You should be playing defense if you haven’t been. If it were just one or two problems on our indicator charts, we wouldn’t be so concerned, but there are multiple problems on all of our indicator charts (including some that only subscribers have access to). Aggressive investors can consider shorts while conservative investors should tighten stops or consider profit taking. If the Price Momentum Oscillator (PMO) is moving lower on your stock or ETF, consider shedding it.

Good Luck & Good Trading,

Erin Swenlin

Learn more about DecisionPoint.com:

Watch the latest episode of DecisionPoint on StockCharts TV’s YouTube channel here!

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

(c) Copyright 2023 DecisionPoint.com

Helpful DecisionPoint Links:

DecisionPoint Alert Chart List

DecisionPoint Golden Cross/Silver Cross Index Chart List

DecisionPoint Sector Chart List

DecisionPoint Chart Gallery

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

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.

0
FacebookTwitterGoogle +Pinterest
previous post
Gaining an Edge in a Tough Trading Year
next post
Half of Democratic voters in key early primary state don’t want Biden to run for re-election: poll

You may also like

Growth Stocks Begin Down a Slippery Slope

August 5, 2023

Weak September Rotation – What Does it Mean...

August 28, 2024

Year of the Big Swing and Month of...

February 17, 2023

The Ord Oracle April 11, 2023

April 12, 2023

How To Buy Meta at a Bargain: An...

February 15, 2024

New Indicator for Your Toolbox

February 28, 2025

These Old-School Stocks Have Joined The AI Rally!

November 23, 2024

Nasdaq Month-End Analysis

July 29, 2022

Why Buy DBA: Agricultural Fund ETF?

March 28, 2023

Flip the Script: Defense as Your New Offensive...

February 27, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rescissions: A Small but Welcome Step Toward Spending Discipline

      June 5, 2025
    • DAVID MARCUS: Why Navy ships should not be named for gay rights icons

      June 5, 2025
    • GREGG JARRETT: Biden, the ‘marionette president; and the case of the runaway autopen

      June 5, 2025
    • Trump Practically Bans Travel and Immigration from 12 Countries with Flimsy Security Justifications

      June 5, 2025
    • ‘He’s not a big factor’: Trump’s Senate allies dismiss Elon Musk’s calls to ‘kill the bill’

      June 5, 2025
    • Fears grow that Tata Steel could be excluded from Starmer-Trump trade deal

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,523)
    • Stocks (3,127)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved