At this time Carl and Erin cowl the subject of On-Stability Quantity (OBV) as a illustration of quantity traits. This got here to their consideration as they uncovered an OBV detrimental divergence on the SPY chart.
Carl completes a evaluation of the weekly charts for the Magnificent 7 shares, giving us a extra intermediate-term image of their energy and weak spot. He additionally enlightens us on participation inside the small-cap index ETF, IJR.
Carl first evaluations the market development and situation with a dialogue of key DecisionPoint indicators. He covers Bitcoin, Crude Oil, the Greenback and a particular dialogue on the Gold chart. Erin then goes over the sectors with a focus on Regional Banks (KRE).
The remainder of this system was dedicated to image requests.
01:25 Market Overview
10:01 Magnificent 7 weekly chart evaluation
13:16 OBV Dialogue
17:40 Small-cap overview
21:00 Questions
25:30 Sector Evaluation and Regional Banks (KRE)
33.37 Image Requests
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Technical Evaluation is a windsock, not a crystal ball. –Carl Swenlin
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Disclaimer: This weblog is for instructional functions solely and shouldn’t be construed as monetary recommendation. The concepts and methods ought to by no means be used with out first assessing your individual private and monetary scenario, or with out consulting a monetary skilled. Any opinions expressed herein are solely these of the writer, and don’t in any means characterize the views or opinions of some other individual or entity.
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Useful DecisionPoint Hyperlinks:
Worth Momentum Oscillator (PMO)
Swenlin Buying and selling Oscillators (STO-B and STO-V)
Erin Swenlin is a co-founder of the DecisionPoint.com web site alongside along with her father, Carl Swenlin. She launched the DecisionPoint each day weblog in 2009 alongside Carl and now serves as a consulting technical analyst and weblog contributor at StockCharts.com. Erin is an lively Member of the CMT Affiliation. She holds a Grasp’s diploma in Data Useful resource Administration from the Air Pressure Institute of Know-how in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.
