Today Erin uncovers two industry groups that are showing strength and potential in the short term. She takes a look “Under the Hood” to reveal participation and trends that are quite bullish.
Carl walks us through the market overall, covering not only the SPY, but also interest rates, Bonds, Gold, Silver, Gold Miners, Crude Oil and the Dollar.
After a look at the overall market, Carl pays special attention to Apple’s (AAPL) buyback and what it means for the market. Additionally, he looked at the remaining Magnificent Seven daily charts and determines which are set up to perform well and which could be in trouble.
The pair finish the program with viewer’s symbol requests which included ARM, MU and SMCI.
01:05 Market Signal Tables
03:34 Market Overview
10:21 Apple (AAPL) and the Magnificent Seven
14:56 Sector Overview
20:30 Industry Groups to Watch
27:46 Symbol Requests
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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin
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Erin Swenlin is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master’s degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor’s degree in Mathematics from the University of Southern California.
