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

Future Retirement Success

Stocks

Silver Cross BUY Signals on the Dow (DIA) and Russell 2000 (IWM)

by May 8, 2024
May 8, 2024
Silver Cross BUY Signals on the Dow (DIA) and Russell 2000 (IWM)

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. We do still have participation readings above our bullish 50% threshold with the exception of the Silver Cross Index. It should be able to get above its signal line soon if participation readings hold up. Remember, the Silver Cross Index tells us how many stocks have a “Silver Cross” within the index. Those stocks have a bullish bias in the intermediate term. (To see the “under the hood” chart of the SPY, you can become a member of DecisionPoint.com for access to it and all other major indexes, sectors and select industry groups.)

The weekly PMO is decelerating, but is still holding a Crossover SELL Signal. This looks like a good rally, but expectations should be tempered based on the weekly chart.

The Russell 2000 ETF (IWM) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. It was not a good Wednesday for small-caps, but given price is above the 20/50-day EMAs, we still got the Silver Cross. The PMO has just reached above the zero line, but we don’t like the weakness we are seeing already in price as it topped.

IWM has been mostly range bound and right now it is at the top of the range, making it vulnerable. The weekly PMO is on a relatively new Crossover SELL Signal. We would be careful with this group.

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 at checkout!

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

0
FacebookTwitterGoogle +Pinterest
previous post
What Rising Volatility Means to the Current Market
next post
RFK Jr re-ups Trump debate challenge, suggesting venue in ‘perfect neutral territory’

You may also like

DP Trading Room: Behind the Scenes: CrowdStrike (CRWD)

July 22, 2024

S&P 500 Has Broken Below Key Level –...

August 27, 2022

NVDA, TSMC, and Broadcom: Top Semiconductor Plays as...

January 23, 2025

Week Ahead: Precariously Low Levels Of VIX Poses...

August 6, 2023

DP Trading Room: Key Support Levels for the...

April 7, 2025

Sizable Selloff: Fed Minutes Crushes Stock Market, Yields...

August 16, 2023

The Ord Oracle October 30, 2023

October 31, 2023

Welcome to the Tom and Jerry Markets

May 8, 2023

Week Ahead: Stay Vigilant As NIFTY Approaches The...

November 26, 2022

MEM TV: Breakouts and Downtrend Reversals in Key...

May 20, 2023

    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

    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025
    • From Tariffs to Tech: Where Smart Money’s Moving Right Now

      June 6, 2025
    • Your Weekly Stock Market Snapshot: What It Means for Your Investments

      June 6, 2025
    • Getting It Half-Baked: The Real Cause of Cannabis Market Failures

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,555)
    • Stocks (3,134)
    • 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