Today’s DP Trading Room was jam packed! The lead story is definitely the fact that deflation is another possibility that many are not talking about. We don’t know if it will be the final outcome, but we have a link that discusses this possibility: https://hoisington.com/economic_overview.html
Carl also covered the market in general and then showed us how to use the PMO Sort with StockCharts’ Candleglance. It organizes the components and compares their PMO values listing the strongest at the top and the weakest at the bottom. The PMO can be compared among all indexes, stocks and ETFs.
Carl exhibits our new Russell 2000 (IWM) “Under the Hood” chart and explains how we use the SP600 participation readings to understand what the internals might be for IWM.
Both Carl and Erin discussed the new found strength in the Energy sector. Erin points out that Coal is looking particularly strong right now. She shares some symbols from this area with viewers: ARLP, CEIX, HNRG and SXC.
Finally Erin finishes with a look at viewer symbol requests with eye toward the weekly charts and setting entries and exits.
01:15 DecisionPoint Signal Tables
04:09 Market Overview
09:52 Magnificent Seven
14:42 Russell 2000 (IWM)
15:52 Deflation Discussion
19:48 PMO Sort Examples
22:41 Energy Sector Discussion
24:25 Bitcoin
25:38 Gold Miners
26:53 Sector Rotation + Industry Groups to Watch (Coal, Regional Banks)
33:00 Symbol Requests
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Helpful DecisionPoint Links:
Price Momentum Oscillator (PMO)
Swenlin Trading Oscillators (STO-B and STO-V)
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.
