Carl explores which index is best…the SP600 (IJR) or Russell 2000 (IWM). He makes a comparison over time and reveals which tends to be the better performer. Which one should you use to analyze what is happening in small-caps?
Carl gives us his market outlook as prices pullback today. Bitcoin is looking particularly bullish and Gold continues to impress. He then goes through all of the Magnificent Seven stocks in the short and intermediate terms.
Erin goes through sector rotation to see where the strength and weakness lies within the market. All sectors were pulling back today and PMOs were starting to see strain.
Carl and Erin both took a look at the Energy sector “under the hood” as well as Technology and Materials.
The pair finish with a look at viewers symbol requests which tended to be heavy on the Healthcare sector.
01:13 DP Signal Tables
04:43 Market Overview
14:33 Magnificent Seven Overview (Short and Intermediate terms)
20:16 SP600 (IJR) versus Russell 2000 (IWM)
23:40 Questions (Gold v. SP500, Energy (XLE), Divergences, MSFT)
30:22 Sector Rotation
40:00 Symbol Requests
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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin
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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.
