At the moment Carl explains the advantages of utilizing the Value Momentum Oscillator versus the MACD. They aren’t the identical!
Carl then provides us his insights available on the market normally in addition to Bitcoin information, Magnificent 7 overview, in addition to Crude Oil and Curiosity Charges.
Erin provides us an in depth take a look at the place the S&P Sectors are displaying power. One sector must be prevented based mostly on the PMO.
Some highlights:
– The PMO is a greater momentum indicator than MACD as a result of it normalizes readings to permit for higher comparisons over time.
– Most of the “Magnificent Seven” tech shares like Apple, Google, and Microsoft are displaying indicators of topping out based mostly on technical indicators.
– Shopper staples and actual property sectors look sturdy and should profit if the broader market corrects.
– Comm providers sector is displaying weak point based mostly on declining PMO readings.
– Dwelling Depot nonetheless seems to be technically wholesome regardless of a bearish momentum divergence.
– IGV tech ETF seems to be fascinating however tech weak point might pose dangers.
– ARM Holdings has extra upside potential however requires a good cease as a result of parabolic rise.
– Gold miners like MTA nonetheless have draw back threat given weak point in gold costs and technical indicators.
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Technical Evaluation is a windsock, not a crystal ball. –Carl Swenlin
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Useful DecisionPoint Hyperlinks:
Value 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 together 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 energetic Member of the CMT Affiliation. She holds a Grasp’s diploma in Data Useful resource Administration from the Air Power Institute of Know-how in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.
