At the moment Carl appears to be like on the 26 indexes, sectors and teams in a CandleGlance to see how the indexes stack up. It’s clear that all the indexes are pretty much as good as they will get. Carl warns that when issues are pretty much as good as they will get, the one place left to go is down. Overbought circumstances can persist, however it’s actually an consideration flag.
At the moment Carl took us into the Semiconductor (SMH) trade group to find how the group is weighted.
Carl additionally provides us his overview of the market usually after which covers the Magnificent Seven within the brief and intermediate phrases. Which of them are arrange bullishly and which two are struggling?
Erin takes over and talks about sector rotation by going by means of the sector CandleGlance to see the place aggressive and defensive sectors stand at the moment. There are clear winners and losers.
The pair end the buying and selling room by going by means of viewers image requests that features appears to be like at Palantir (PLTR) and Tremendous Micro (SMCI).
01:22 DP Market Scoreboards
02:46 Semiconductor (SMH) Weighting
04:57 Market Overview together with Greenback, Gold and Crude Oil amongst others
13:47 Magnificent Seven
17:31 Market As Good As It Will get
22:47 Sector Rotation
31:02 Image Requests
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Useful DecisionPoint Hyperlinks:
Value Momentum Oscillator (PMO)
Swenlin Buying and selling Oscillators (STO-B and STO-V)
Erin Swenlin is a co-founder of the DecisionPoint.com web site alongside together with her father, Carl Swenlin. She launched the DecisionPoint every day weblog in 2009 alongside Carl and now serves as a consulting technical analyst and weblog contributor at StockCharts.com. Erin is an energetic Member of the CMT Affiliation. She holds a Grasp’s diploma in Data Useful resource Administration from the Air Power Institute of Expertise in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.