Carl brings out his “Grab Bag” during today’s free DecisionPoint Trading Room! He gives us a read on Chipotle’s (CMG) 50:1 split. He talks about NVDA’s strangle hold on the market and gives us homework to read recent articles from David Bahnsen (https://thebahnsengroup.com/dividend-cafe/) and John Hussman (https://www.hussmanfunds.com/comment/mc240623/). David Bahnsen discusses the Dot.com bubble and what we can learn from it this time around. John Hussman “rings the bell” on a market top.
Carl starts us off with the DP Signal Tables and a thorough market overview including coverage of the Magnificent Seven stocks.
Erin enlightens us on sector rotation. Technology is seeing a decline with money rotating into other areas of the market. She finds that Energy, Healthcare and Financials seem to be benefitting the most.
She finishes with symbol requests that include discussion of when to consider selling NVDA and MSFT’s future.
01:27 DecisionPoint Signal Tables
04:44 Market Overview
16:20 Magnificent Seven
19:29 Carl’s Grab Bag
26:02 How to Find Trading Room videos = YouTube @decisionpointcom
29:04 Sector Rotation
37:46 Symbol Requests
If you want to join us live, sign up from the decisionpoint.com homepage!
Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!
Try us out for two weeks with a trial subscription!
Use coupon code: DPTRIAL2 at checkout!
Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin
(c) Copyright 2024 DecisionPoint.com
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.
Helpful DecisionPoint Links:
Trend Models
Price Momentum Oscillator (PMO)
On Balance Volume
Swenlin Trading Oscillators (STO-B and STO-V)
ITBM and ITVM
SCTR Ranking
Bear Market Rules
