Sign Scoreboard As Good As It Will get | DecisionPoint

At DecisionPoint, we observe intermediate-term and long-term BUY/SELL indicators on twenty-six market, sector, and trade group indexes. The long-term BUY indicators are primarily based upon the well-known Golden Cross, which is when the 50-day shifting common crosses up by the 200-day shifting common. (We use exponential shifting averages — EMAs.) Intermediate-term BUY indicators are primarily based upon the 20-day shifting common crossing up by the 50-day shifting common, which we name a Silver Cross. On the McDonalds (MCD) chart beneath, you possibly can see examples of every.

A caveat that comes with the indicators is that they’re data flags, not motion instructions. A brand new sign tells us to take a look at the chart and resolve if any motion is suitable. Within the case of those two crossovers, they have been healthy-looking indicators, with value displaying clear modifications of course inside every timeframe.

Subsequent we now have the DecisionPoint Market Scoreboard, which we publish day by day within the DecisionPoint ALERT. It’s present as of the shut on October 17, 2024, and it’s pretty much as good as it may well get. That is excellent news and unhealthy information. The excellent news is that the inventory market is wanting very wholesome by way of uncooked value motion. The unhealthy information is that the sign standing is pretty much as good because it will get, and the pendulum will probably be swinging the opposite approach, most likely before later.

Together with the sign monitoring, we now have created the Silver Cross Index (SCI) and Golden Cross Index (GCI) for every of the market/sector indexes above. The Silver Cross Index reveals the share of index elements which might be on a Silver Cross BUY sign. The Golden Cross Index reveals the share of index elements which might be on a Golden Cross BUY sign.

The chart beneath is for the S&P 500 Index. Notice that each the GCI and SCI present 80 p.c of S&P 500 part shares are on BUY Indicators in each time frames. This isn’t as sturdy as in 2021, however it is extremely stable and partially backs up what we see on the DecisionPoint Market Scoreboard.

Conclusion: We verify these charts every single day, and are at all times conscious of creating weak spot and potential for indicators to alter. In the previous couple of weeks, I discovered the image to be unusually steady, and presently with no instantly impending sign modifications. This, after all, might change in a heartbeat, however, for the second, calm prevails. As I mentioned, when issues are pretty much as good as they’ll get, we must be alert for situations to begin deteriorating, however to this point, so good.

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