Stocks News

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

DecisionPoint Alert Logo

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


Watch the latest episodes. DecisionPoint Trading Room On DP’s YouTube channel here!


Try it for 2 weeks with a trial subscription!

Use coupon code DPTRIAL2 at checkout!


Technical analysis is a windbreaker, 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. You should not use any of our ideas and strategies without first evaluating your personal and financial situation or consulting a financial professional. All 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 newsletter, blog or website materials should not be construed as a recommendation or solicitation to buy or sell any security or to take any particular action.


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


Erin Swenlin

About the author:
Erin Swenlin is the co-founder of the DecisionPoint.com website with her father, Carl Swenlin. She started the DecisionPoint daily blog with Carl in 2009 and currently 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 resources management from the Air Force Institute of Technology and a bachelor’s degree in mathematics from the University of Southern California. Learn more

Related Articles

Back to top button