DP Trading Room: Rising Opening Climax (Should We Believe It?) | decision point

today DecisionPoint Trading Room Episode Carl and Erin discuss Friday’s “Upside Initiation Climax” and whether it’s trustworthy. With markets lukewarm, they discuss the implications of the very bullish signals.

Carl gives his thoughts on the overall market and covers Bitcoin, Gold, Interest Rates, Crude Oil and the Dollar.

As always, he gives his opinion on Magnificent Seven stock and its prospects. One in particular shows a bearish double ceiling.

Carl also brought along some charts for the “Grab Bag” discussion. He pointed out that we are getting closer to the IT trend model Dark Cross Neutral Signal. He looked at Texas Instruments (TXN), Salesforce (CRM), and Motorola (MSI).

Erin walked us through the sector rotation with a discussion of every sector and its Price Momentum Oscillator (PMO). See where your new strength comes from…Hint: Think defensively.

Finally, the pair concludes the program by looking at viewer preference requests, including a look at the weekly charts.

01:40 DecisionPoint signal table

04:49 Market Overview

10:03 Rising start climax

12:01 Dollar, Gold, Bitcoin, etc.

16:00 Magnificent Seven

20:00 Carl’s Grab Bag (Energy Sector, Texas Instruments (TXN), Salesforce (CRM), and Motorola (MSI))

30:00 Sector Rotation

36:37 Symbol request

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Technical analysis is a windbreaker, not a crystal ball. –Carl Swenlin

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Useful DecisionPoint links:

trend model

Price Momentum Oscillator (PMO)

balance volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear market rules