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

Future Retirement Success

Stocks

Signal Scoreboard As Good As It Gets

by October 17, 2024
October 17, 2024
Signal Scoreboard As Good As It Gets

At DecisionPoint we track intermediate-term and long-term BUY/SELL signals on twenty-six market, sector, and industry group indexes. The long-term BUY signals are based upon the famous Golden Cross, which is when the 50-day moving average crosses up through the 200-day moving average. (We use exponential moving averages — EMAs.) Intermediate-term BUY signals are based upon the 20-day moving average crossing up through the 50-day moving average, which we call a Silver Cross. On the McDonalds chart are examples of each. A caveat that comes with the signals is that they are information flags, not action commands. A new signal tells us to look at the chart and decide if any action is appropriate. In the case of these two crossovers, they were healthy looking signals with price showing clear changes of direction within each time frame.

Next we have the DecisionPoint Market Scoreboard, which we publish daily in the DecisionPoint ALERT. It is current as of the close October 17, 2024, and it is as good as it can get. This is good news and bad news. The good news is that the stock market is looking very healthy in terms of raw price action. The bad news is that the signal status is as good as it gets, and the pendulum will be swinging the other way, probably sooner than later.

Along with the signal tracking, we have created the Silver Cross Index (SCI) and Golden Cross Index (GCI) for each of the market/sector indexes above. The Silver Cross Index shows the percentage of index components that are on a Silver Cross BUY signal. The Golden Cross Index shows the percentage of index components that are on a Golden Cross BUY signal.

The chart below is for the S&P 500 Index. Note that both the GCI and SCI show 80 percent of S&P 500 component stocks are on BUY Signals in both time frames. This is not as strong as in 2021, but it is very solid and partially backs up what we see on the DecisionPoint Market Scoreboard.

Conclusion: We check these charts every day, and are always aware of developing weakness and potential for signals to change. In the last few weeks I found the picture to be unusually stable, and currently with no immediately impending signal changes. This, of course, could change in a heartbeat, but at the moment calm prevails. As I said, when things are as good as they can get, we should be alert for conditions to start deteriorating, but so far, so good.

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

0
FacebookTwitterGoogle +Pinterest
previous post
Dr. Robert MacArthur MD Offers a Look Into The Life of a Surgeon
next post
‘Sleazeball’: McConnell’s 2020 thoughts on Trump revealed in new book

You may also like

Larry Williams: Dow 40k, Cycle Analysis, and Lessons...

May 17, 2024

Options Trade Ideas YOU NEED to SEE!

December 9, 2024

Sugar Prices Soar — What Could It Mean?

February 23, 2023

Stock Market Welcomes Us Home in a Big...

November 15, 2023

Breadth Divergence Continues

May 26, 2023

Everyone Suddenly Hates U.S. T-Bonds: What that Means...

October 16, 2023

MEM TV: Get In EARLY! These Areas Are...

March 22, 2024

Where Are We? Can We Say This Is...

May 14, 2023

Stock Market Finally Breaking 2008 Analogue

January 12, 2023

The Halftime Show: Are Rate Cuts on the...

November 29, 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

    • FAST distribution and IA

      June 7, 2025
    • Why Independent Digital Platforms Are Gaining Ground Among UK Entrepreneurs

      June 7, 2025
    • Is Decentralisation the Future of Online Services in the UK?

      June 7, 2025
    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,558)
    • 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