As part of Carl’s review of Gold charts, he explained how we use the close-ended fund, Sprott Physical Gold Trust (PHYS) to measure sentiment for Gold. Depending on how PHYS trades, it trades at a discount or premium based on the physical Gold that it holds. These discounts and premiums help us measure Gold sentiment.
Uranium (URA) and Nuclear Energy ETF (NLR) have formed double bottoms but how healthy do they look moving forward? Carl addresses this question.
Carl also discusses his thoughts on Intel (INTC) which saw quite a gain on Monday. Is the chart healthy though?
Market trend and condition was covered in Carl’s analysis of the SPY as well as a look at Gold, Gold Miners, Bitcoin, the Dollar and more on Bonds and yields.
We have our regular view of the Magnificent Seven and how these stocks are lined up to start the week.
Erin discusses the current sector rotation being displayed within the market and it is clear that traders are hedging their bets with entry into defensive sectors which are clearly outperforming.
The pair finish with an analysis of viewers’ symbol requests!
01:05 DP Signal Tables
03:37 Market Analysis
05:59 Gold Sentiment Discussion
09:50 Gold Miners, Bonds/Yields, Bitcoin
13:57 Magnificent Seven
18:41 Uranium and Nuclear Energy ETFs
21:43 Intel (INTC)
25:06 Questions
30:38 Sector Rotation
35:10 Symbol Requests
Take advantage of our free two week trial on any of our subscriptions by using coupon code: DPTRIAL2 at checkout!
Check out our complete video library or find the latest trading room videos at this LINK. Bookmark it!
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
