Today Carl and Erin cover the topic of On-Balance Volume (OBV) as a representation of volume trends. This came to their attention as they uncovered an OBV negative divergence on the SPY chart.
Carl completes a review of the weekly charts for the Magnificent 7 stocks, giving us a more intermediate-term picture of their strength and weakness. He also enlightens us on participation within the small-cap index ETF, IJR.
Carl first reviews the market trend and condition with a discussion of key DecisionPoint indicators. He covers Bitcoin, Crude Oil, the Dollar and a special discussion on the Gold chart. Erin then goes over the sectors with a concentration on Regional Banks (KRE).
The rest of the program was devoted to symbol requests.
01:25 Market Overview
10:01 Magnificent 7 weekly chart review
13:16 OBV Discussion
17:40 Small-cap overview
21:00 Questions
25:30 Sector Review and Regional Banks (KRE)
33.37 Symbol Requests
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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin
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Helpful DecisionPoint Links:
Trend Models
Price Momentum Oscillator (PMO)
On Balance Volume
Swenlin Trading Oscillators (STO-B and STO-V)
ITBM and ITVM
SCTR Ranking
Bear Market Rules
