In today’s free DP Trading Room Carl reviews the charts of two new members to the SP500, Dell (DELL) and Palantir (PLTR). Are they poised to break out on this news?
Carl also discussed the inflation on housing prices to open the show. Before going over the signal tables that reveal a clear bull market bias to the market right now.
Carl also gives us his take on the current trend and condition of the market and reviewed key areas of the market like Bonds and Yields, Crude Oil, the Dollar and the recent breakout move in Gold.
The Magnificent Seven are moving in different directions. See which stocks are configured bullishly and which are configured bearishly.
Erin jumps in with a review of sector rotation. How are defensive groups faring and what about big growth areas like Technology and Communication Services?
The pair finish with looking at viewer symbol requests.
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00:57 Housing Inflation
01:45 DP Signal Tables
04:03 Market Overview
13:56 Magnificent Seven
21:35 Two New Stocks in SP500
29:33 Sector Rotation
33:40 Symbol Requests
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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.
