Connect with us

Hi, what are you looking for?

Stock News

Market Rally Broadens – New All-Time Highs?

Today Carl looks at the small-caps and mid-caps that have now begun to outperform the market. Clearly the rally is broadening, the question now is can we continue to make new all-time highs. It does seem very likely especially given the positive outlook on the Secretary of Treasury nomination.

Carl reviews the signal tables and discusses which sectors/groups are getting ready to see signal changes. He also looks at the equilibrium of the Bias Table that suggests half of the sectors/groups/indexes have bearish biases despite the market reaching new all-time highs.

Carl also takes us through the Magnificent Seven charts where we see some of the stocks setting up bearishly, but many are still showing bullish biases.

Erin covers sector rotation with a review of all of the sectors in Candleglance to see which are lining up for breakouts and which are showing signs of distress.

The pair finish with a look at viewer symbol requests including Home Builders, TSEM and SMCI.

Join us live in the Monday trading room at Noon ET! Sign up at this link: https://us06web.zoom.us/webinar/register/WN_D6iAp-C1S6SebVpQIYcC6g

Try out any of our subscriptions for two weeks FREE using coupon code: DPTRIAL2 at checkout!

01:10 DP Signal Tables

03:20 Market Rally Broadens

04:06 Market Overview

10:32 Magnificent Seven

18:58 Questions (Energy and the Dollar among others)

24:04 Sector Rotation Discussion

32:30 Symbols Requests

Introducing the new Scan Alert System!

Delivered to your email box at the end of the market day. You’ll get the results of our proprietary scans that Erin uses to pick her “Diamonds in the Rough” for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!

Learn more about DecisionPoint.com:

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 Subscribe HERE!

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

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Crypto News

The Bank of Russia has issued a directive for financial institutions to prepare for the integration of the digital ruble. The move aims to...

Science&Tech News

Consumer rights group Which? is suing Apple for £3bn over the way it deploys the iCloud. If the lawsuit succeeds, around 40 million Apple...

Science&Tech News

Battle lines have been drawn between the almost 200 countries meeting in Azerbaijan as they seek to agree a new pot of money to...

Crypto News

FIDA and MEW, cryptocurrencies based on the Solana blockchain, saw noteworthy positive sentiment on Thursday as they secured vital listings. Solana Name Service (FIDA)...