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DP Trading Room: Six-Month Period of Favorable Seasonality Begins Now!

It’s here! The SPY starts a period of favorable seasonality for the next six months. Carl takes us through his charts and explains favorable versus unfavorable periods of seasonality.

Carl covers our signal tables showing new weakness seeping in despite this period of favorable seasonality. The market looks toppy right now.

Today’s market overview covers the weakness that has been developing throughout the market. He also covers Gold, the Dollar, Yields, Bonds, Bitcoin, Gold Miners and Crude Oil among others!

Carl also walks us through the Magnificent Seven in both the short and intermediate terms. Which ones are holding up and which are showing signs of weakness?

Erin drops in on sector rotation discussing the breakdown of nearly all sectors. No sectors hold rising PMOs as of airing of the trading room.

The pair finish the program by looking at viewer symbol requests with an eye toward relative strength and momentum.

01:26 Seasonality Discussion

02:52 Bias Chart and DP Signal Tables

06:41 Market Overview

12:56 Magnificent Seven

19:54 Questions

23:44 Sector Rotation

29:45 Symbol Requests

Join us live in the trading rooms on Monday at Noon ET! Register here: https://zoom.us/webinar/register/WN_D6iAp-C1S6SebVpQIYcC6g#/registration

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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!

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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

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