On Friday our short-term Swenlin Buying and selling Oscillators (STOs) turned down even after a rally. That is an consideration flag that we should not ignore, however what do the intermediate-term indicators inform us? Are they confirming these short-term tops?
Carl goes by way of the DP Sign tables to begin this system and follows this up with an entire market evaluation that features a dialogue on not too long ago topping STOs.
After going by way of the market on the whole together with Bitcoin, Gold, Yields, Bonds and Crude Oil amongst others, Carl then analyzes the Magnificent Seven within the quick and intermediate phrases.
Erin begins right here Sector Rotation dialogue with the decline within the Power sector which might be choosing up steam. She discusses the present setup on defensive sectors versus aggressive sectors like Know-how.
When she completed sector rotation, she talked concerning the cooling of the rallies in small- and mid-caps.
Image requests spherical out the dialogue. Erin covers not solely the day by day charts of requested symbols, she additionally covers the weekly charts to present us a extra intermediate-term perspective.
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01:33 DP Sign Tables
04:53 Market Overview and Dialogue of STOs
13:12 Magnificent Seven
19:40 Sector Rotation
25:45 Evaluation of Small- and Mid-Caps
33:42 Image Requests
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Technical Evaluation is a windsock, not a crystal ball. –Carl Swenlin
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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 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 lively Member of the CMT Affiliation. She holds a Grasp’s diploma in Data Useful resource Administration from the Air Pressure Institute of Know-how in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.