Douglas Gammons

Retired
Contributor's Links: HeadlineCharts

Retired software engineer turned writer/investor and owner of HeadlineCharts. I am not a registered investment advisor. My comments reflect my view of the market, and what I am doing with my accounts. The analysis is not a ... more

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Friday's Short-Term Uptrend Could Launch A Summer Rally
Sunday, June 26, 2022 4:43 PM EDT
A new short-term uptrend started on Friday, June 25, and it looks like it could be setting up a decent summer rally. Now, the charts suggest a nice, bullish setup for trading in the coming week.
In this article: OIL, TLT, VGK, XLE, NDX, SPX, DJI
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Last Week's Short-Term Downtrend Continues
Saturday, June 18, 2022 2:40 PM EDT
The short-term downtrend continues. It took just two days early this week for the PMO to go from the top of its range to the bottom. Negative emotions took control of the selling this week, and there were a number of people screaming at each other.
In this article: FXY, OIL, TLT, XLE, XLP, XLU, NDX, SPX
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A Short-Term Downtrend Started Before Friday's Selloff
Saturday, June 11, 2022 4:20 PM EDT
A short-term downtrend started on Thursday, June 9, and Friday's selling was severe and was mostly attributed to the hot inflation report. But I suspect that the buyers had dried up by Wednesday, and that the market was ready to sell off regardless.
In this article: JNK, XLP, XLU, NDX, SPX, DJI
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It Is Time To Look For The Next Downtrend
Saturday, June 4, 2022 1:00 PM EDT
The short-term uptrend continues. With the PMO at the top of the range, it's time to be looking for signs of the next downtrend. If you like to buy the dips and sell into rallies using the PMO index, then it's the time to be taking partial profits.
In this article: TGT, WMT, QQQ, IYT, JNK, SPX, DJI
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A New Short-Term Uptrend Has Begun
Saturday, May 28, 2022 12:15 PM EDT
A new short-term uptrend started on Wednesday, May 25, and the PMO index went from zero to 100 in just three days. If you blinked, you may have missed the low-risk window of opportunity to buy stocks.
In this article: JNK, NDX, SPX
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The Short-Term Downtrend Continues Once Again
Saturday, May 21, 2022 5:25 PM EDT
The short-term downtrend continues, and the PMO index remains at its lows. This might be the longest period of time that I have seen the PMO index at the bottom of its range.
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Comments

Latest Comments
A Reversal Day Often Marks The Short-Term Bottom
4 years ago

I would love to know why gold is so weak. I am open to all suggestions.

Portfolio Update September 2017
4 years ago

Very interesting blog! I am a new reader, and I will enjoy reading about how you decide which stocks to keep as they go down in price, and which you decide to sell.

In this article: CMI, GNK
USD And Gold Cycle Update
5 years ago

Very nice charts.

1 to 3 of 3 comments

STOCKS I FOLLOW

AAPL Apple Inc.
AKAM Akamai Technologies Inc.
EW Edwards Lifesciences Corp
GIMO Gigamon Inc.
GKOS Glaukos Corp.
HQY HealthEquity, Inc.
LOGM LogMein, Inc.
MKTX MarketAxess Holdings Inc.
PRAH PRA Health Sciences, Inc.
RMD ResMed Inc.
SCMP Sucampo Pharmaceuticals Inc.
SUPN Supernus Pharmaceuticals
VEEV Veeva Systems Inc.
VMW VMware Inc.
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Work Experience

Senior Software Engineer
Charles Schwab
August 1997 - October 2012 (15 years 5 months)

Education

Boston University
Bachelor of Science (B.S.)
1975 / 1979
Business Administration and Management, General.

Publications

HeadlineCharts
Douglas Gammons
Douglas Gammons

See all my work at HeadlineCharts.blogspot.com.