In this episode of DecisionPoint, Carl returns to the show and brings an interesting concept to share. Carl examines DP indicators and how they are confirming a stealth correction, as suggested by David Keller. To prove his point, he reviews stocks within the Dow 30 that did not have their 20-EMA above their 50-EMA (they're not on a "Silver Cross" BUY signal). He reviews the DP indicators and his take on Gold, as well as the Dollar and more. Erin closes the show by presenting how to find new strength among industry groups, then focuses in on one of the top SCTR movers. She then drills down to find an interesting stock and finally reveals the "Diamond of the Week".
This video was originally recorded on August 9th, 2021. Click anywhere on the DecisionPoint logo above to view on our dedicated show page, or click this link to watch on YouTube. You can also watch this episode and other past episodes on the StockCharts on demand video service, StockChartsTV.com. Registration is free!
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.