Immediately Carl explains the advantages of utilizing the Value Momentum Oscillator versus the MACD. They don’t seem to be the identical!
Carl then offers us his insights in the marketplace on the whole in addition to Bitcoin information, Magnificent 7 overview, in addition to Crude Oil and Curiosity Charges.
Erin offers us an in depth take a look at the place the S&P Sectors are exhibiting energy. One sector needs to be averted 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.
– Lots of the “Magnificent Seven” tech shares like Apple, Google, and Microsoft are exhibiting indicators of topping out based mostly on technical indicators.
– Shopper staples and actual property sectors look robust and will profit if the broader market corrects.
– Comm providers sector is exhibiting weak spot based mostly on declining PMO readings.
– Dwelling Depot nonetheless seems technically wholesome regardless of a bearish momentum divergence.
– IGV tech ETF seems fascinating however tech weak spot might pose dangers.
– ARM Holdings has extra upside potential however requires a good cease because of parabolic rise.
– Gold miners like MTA nonetheless have draw back danger given weak spot 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 along with her father, Carl Swenlin. She launched the DecisionPoint every 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 Info Useful resource Administration from the Air Pressure Institute of Expertise in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.
