It’s a huge week for earnings and NVIDIA (NVDA) is on the prime of the listing! Erin offers you her view on whether or not to carry into earnings primarily based on the technicals of the chart. She additionally reviewed different shares reporting on Wednesday: CRM, CRWD, HPQ and OKTA.
Carl talks in regards to the relationship between Gold and Gold Miners as he opinions his prior article from final week: “Gold Miners’ Efficiency vs. Gold — Does It Say Promote Gold?” (Hyperlink: https://www.decisionpoint.com/articles/decisionpoint/2024/08/gold-miners-performance-versus-266.html“)
Carl additionally offers us perception on the connection between the SPY and equal-weight RSP. He discusses how they’ve carried out over time and what to search for.
As all the time Carl offers us his perception into the market pattern and situation in addition to a focused have a look at Bitcoin, the Greenback, Crude Oil, Yields and Bonds. He additionally discusses his ideas on Gold shifting ahead.
Erin covers the earnings charts after which will get proper into sector rotation. One sector is clearly topping and you might want to know which it’s!
Erin finishes this system with a have a look at the day by day and weekly charts for image requests.
01:25 DecisionPoint Sign Tables
04:04 Market Evaluation and Overview
09:30 Magnificent Seven
16:42 Gold v. Gold Miners
25:05 Earnings with highlight on NVDA
31:05 Sector Rotation
33:42 Image Requests
Click on HERE to bookmark our buying and selling video itemizing to all the time discover the most recent buying and selling room video.
Introducing the brand new Scan Alert System!
Delivered to your e mail field on the finish of the market day. You will get the outcomes of our proprietary scans that Erin makes use of to choose her “Diamonds within the Tough” for the DecisionPoint Diamonds Report. Get all the outcomes and see which of them you want greatest! Solely $29/month! Or, use our free trial to attempt it out for 2 weeks utilizing coupon code: DPTRIAL2. Click on HERE to subscribe NOW!
Watch the most recent episode of the DecisionPointBuying and selling Room on DP’s YouTube channel right here!
Attempt us out for 2 weeks with a trial subscription!
Use coupon code: DPTRIAL2 Subscribe HERE!
Technical Evaluation is a windsock, not a crystal ball. –Carl Swenlin
(c) Copyright 2024 DecisionPoint.com
Disclaimer: This weblog is for instructional functions solely and shouldn’t be construed as monetary recommendation. The concepts and methods ought to by no means be used with out first assessing your individual private and monetary state of affairs, or with out consulting a monetary skilled. Any opinions expressed herein are solely these of the creator, and don’t in any approach signify the views or opinions of some other individual or entity.
DecisionPoint shouldn’t be a registered funding advisor. Funding and buying and selling choices are solely your duty. DecisionPoint newsletters, blogs or web site supplies ought to NOT be interpreted as a suggestion or solicitation to purchase or promote any safety or to take any particular motion.
Useful DecisionPoint Hyperlinks:
Worth 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 along with her father, Carl Swenlin. She launched the DecisionPoint day by 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 Info 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.