DP Trading Room: A Case for a Market Top
During today's market analysis Carl laid out his reasons why we believe we are at a market top. He discusses the current market price action combined with exclusive DecisionPoint indicators to substantiate his position. Don't miss his analysis.
Carl also goes though the Magnificent Seven by analyzing the daily charts for a near-term perspective and the weekly charts to give us an intermediate-term perspective. Which charts are toppy?
Erin covers Sector Rotation with a special emphasis on the Energy sector which is taking off on the positive Crude Oil trade. Does this rally have more legs? Erin looks at the "under the hood" chart to give you her thoughts. This led into a look at the industry groups within Energy. She likes one group better than the others.
Finally the pair finish up the program with viewer symbol requests which were heavy on the Energy sector and Semiconductors.
01:30 DP Signal Tables
03:37 Market Overview and the Case for a Market Top
11:37 Magnificent Seven
19:02 Discussion of UPS and XLB
26:25 Sector Rotation (More case for market top)
30:37 Energy Discussion and Industry Groups
40:18 Symbol Requests
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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.
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Helpful DecisionPoint Links:
Price Momentum Oscillator (PMO)
Swenlin Trading Oscillators (STO-B and STO-V)
