Carl explores which index is best…the SP600 (IJR) or Russell 2000 (IWM). He makes a comparison over time and reveals which tends to be the better performer. Which one should you use to analyze what is happening in small-caps?
Carl gives us his market outlook as prices pullback today. Bitcoin is looking particularly bullish and Gold continues to impress. He then goes through all of the Magnificent Seven stocks in the short and intermediate terms.
Erin goes through sector rotation to see where the strength and weakness lies within the market. All sectors were pulling back today and PMOs were starting to see strain.
Carl and Erin both took a look at the Energy sector “under the hood” as well as Technology and Materials.
The pair finish with a look at viewers symbol requests which tended to be heavy on the Healthcare sector.
01:13 DP Signal Tables
04:43 Market Overview
14:33 Magnificent Seven Overview (Short and Intermediate terms)
20:16 SP600 (IJR) versus Russell 2000 (IWM)
23:40 Questions (Gold v. SP500, Energy (XLE), Divergences, MSFT)
30:22 Sector Rotation
40:00 Symbol Requests
Introducing the new Scan Alert System!
Delivered to your email box at the end of the market day. You’ll get the results of our proprietary scans that Erin uses to pick her “Diamonds in the Rough” for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!
Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!
Try us out for two weeks with a trial subscription!
Use coupon code: DPTRIAL2 Subscribe HERE!
Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin
(c) Copyright 2024 DecisionPoint.com
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.
Helpful DecisionPoint Links:
Price Momentum Oscillator (PMO)