DP Trading Room: Two Industry Groups to Watch! | decision point

adminMay 7, 2024

Today Erin introduces two industry groups that show strength and potential in the near term. She looks at “Under the Hood” and reveals some very optimistic engagement and trends.

Carl guides you through the markets, covering SPY as well as interest rates, bonds, gold, silver, gold miners, crude oil and the dollar.

After looking at the overall market, Carl pays special attention to Apple’s (AAPL) stock buyback and its impact on the market. He also looks at the daily charts of the rest of the Magnificent Seven to determine which ones are set up to work well and which ones might be problematic.

The pair concludes the program with viewer symbol requests including ARM, MU and SMCI.

01:05 Market signal table

03:34 Market overview

10:21 Apple (AAPL) and the Magnificent Seven

14:56 Sector Overview

20:30 Industry groups to watch out for

27:46 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

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

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