At present Carl seems on the small-caps and mid-caps which have now begun to outperform the market. Clearly the rally is broadening, the query now could be can we proceed to make new all-time highs. It does appear very probably particularly given the optimistic outlook on the Secretary of Treasury nomination.
Carl critiques the sign tables and discusses which sectors/teams are on the point of see sign adjustments. He additionally seems on the equilibrium of the Bias Desk that implies half of the sectors/teams/indexes have bearish biases regardless of the market reaching new all-time highs.
Carl additionally takes us by the Magnificent Seven charts the place we see among the shares establishing bearishly, however many are nonetheless exhibiting bullish biases.
Erin covers sector rotation with a overview of all the sectors in Candleglance to see that are lining up for breakouts and that are exhibiting indicators of misery.
The pair end with a have a look at viewer image requests together with Residence Builders, TSEM and SMCI.
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01:10 DP Sign Tables
03:20 Market Rally Broadens
04:06 Market Overview
10:32 Magnificent Seven
18:58 Questions (Power and the Greenback amongst others)
24:04 Sector Rotation Dialogue
32:30 Symbols 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 along with her father, Carl Swenlin. She launched the DecisionPoint each 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 Pressure Institute of Expertise in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.