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
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Helpful DecisionPoint Links:
Price Momentum Oscillator (PMO)
Swenlin Trading Oscillators (STO-B and STO-V)
