On today’s DecisionPoint Trading Room episode, Carl reviews the Magnificent 7 and gives you his opinion on their current and possible future states. He warns against two in particular and gives his stamp of approval on three others. Negative divergences are still a problem and Carl explains why.
Erin covers the sectors and looks “under the hood” at key sectors to watch. She takes viewers symbol requests and determines whether they look good as longs or holds. Find out where she sees the best buy and sell points!
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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