In today’s free DecisionPoint Trading Room, Erin pulls out her exclusive DecisionPoint Diamond Scans and finds us some new and interesting stock symbols to explore further. These scans are very powerful and bring the best charts to your attention. DecisionPoint has a new Scan Alert System for purchase that will deliver these quality symbols to your email inbox right after the market closes to prepare you for trading the next day.
The program starts as always with Carl’s overview of the market in general with special attention to Bitcoin, Bonds/Yields, the Dollar, Gold and Crude Oil. He follows that up with a look at the Magnificent Seven.
Today Carl also brought up a book that talks about various bubbles and manias that have occurred throughout history. It isn’t a bad idea to understand the characteristics of mania. Carl has likened Bitcoin to Tulipmania without the tulip bulbs. Here is the book: Extraordinary Popular Delusions and the Madness of Crowds by Charles MacKay.
Erin first goes through sector rotation to see where money is headed. Is it defensive or aggressive? She then covers the symbols that she came up with through her scans.
The pair finish with a look at viewer symbol requests.
00:48 DP Signal Tables
02:27 Market Overview
13:10 Magnificent Seven
18:29 Book Discussion: Extraordinary Popular Delusions and the Madness of Crowds by Charles MacKay
27:30 Sector Rotation
32:35 Scan Results (TOL, CPRI, HOG, PSMT and PPC)
41:09 Symbol 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!
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
