In this episode of DecisionPoint, Carl and Erin follow up their discussion regarding very short-term initiation and buying climaxes that have occurred recently. They look at the difference between Friday's initiation climax and the possible exhaustion climax that could be giving us a short-term attention flag regarding this rally. Carl examines the long-term picture for the Dow Industrials moving into 2021. Energy has been rallying strongly, and Erin looks under the hood at the sector; plus, Carl reviews Chevron (CVX) in three timeframes. Erin then finishes with her DecisionPoint "Diamond of the 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.