In today’s free DecisionPoint Trading Room Carl discusses volume spikes and how we have to analyze big volume spikes carefully to determine whether they express a confirmation of a move or whether they are a special case and do not really provide insight.
Carl goes over the signal tables and notes there are quite a few signals getting ready to change. The Bias Table reveals short-term weakness.
A complete market review follows with a look at the SPY and all the relevant DP indicators. Carl covers not only the market, but also the Dollar, Gold, Bitcoin, Crude Oil, Yields and Bonds among other asset classes.
After market coverage, Carl walks us through the Magnificent Seven’s charts to find strength and weakness in the short and intermediate terms with a look at both the daily and weekly charts.
Erin takes the show over and covers the current configuration of the sectors to determine where sector rotation is occurring. Defensive areas of the market are not performing very well so investors don’t seem to be hedging bets just yet.
The pair finish the program with a review of viewers symbol requests that included AMD, AVGO and PLTR.
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01:12 DP Signal Tables
03: 50 Market Overview (05:16 – Volume Spikes)
15:05 Magnificent Seven
23:26 Questions
30:20 Sector Rotation
39:34 Symbol Requests
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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