In this episode of DecisionPoint, Erin reviews the technicals on the DecisionPoint Scoreboard Indexes (SPX, NDX, OEX & Dow) and points out some negative divergences on primary indicators that are troubling her bullish outlook. Carl discusses how Gold Premiums and Discounts are calculated and the implications of seeing high discounts on both Sprott Physical Gold Trust (PHYS) and Central Fund of Canada (CEF). Erin concentrates on the Industrials sector ETF (XLI) and reveals her new "Diamond of the Week," which she presented to subscribers yesterday. Finally, the pair finish the show with a relook at Natural Gas (UNG), which Erin wrote about in her last ChartWatchers article back on July 24th and which she picked as a Diamond for her subscribers on 7/27 after a 4% pullback.
Beginning next week, new episodes of DecisionPoint air on Mondays at 7pm ET on StockCharts TV. Archived episodes of the show are available at this link.
About the author:Carl Swenlin is a veteran technical analyst who has been actively engaged in market analysis since 1981. A pioneer in the creation of online technical resources, he was president and founder of DecisionPoint.com, one of the premier market timing and technical analysis websites on the web. DecisionPoint specializes in stock market indicators and charting. Since DecisionPoint merged with StockCharts.com in 2013, Carl has served a consulting technical analyst and blog contributor.
About the author:Erin Swenlin is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California.