On Friday our short-term Swenlin Trading Oscillators (STOs) turned down even after a rally. This is an attention flag that we shouldn’t ignore, but what do the intermediate-term indicators tell us? Are they confirming these short-term tops?
Carl goes through the DP Signal tables to start the program and follows this up with a complete market review that includes a discussion on recently topping STOs.
After going through the market in general including Bitcoin, Gold, Yields, Bonds and Crude Oil among others, Carl then analyzes the Magnificent Seven in the short and intermediate terms.
Erin starts here Sector Rotation discussion with the decline in the Energy sector which could be picking up steam. She discusses the current setup on defensive sectors versus aggressive sectors like Technology.
When she finished sector rotation, she talked about the cooling of the rallies in small- and mid-caps.
Symbol requests round out the discussion. Erin covers not only the daily charts of requested symbols, she also covers the weekly charts to give us a more intermediate-term perspective.
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01:33 DP Signal Tables
04:53 Market Overview and Discussion of STOs
13:12 Magnificent Seven
19:40 Sector Rotation
25:45 Analysis of Small- and Mid-Caps
33:42 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)