Mortgage Rates fell quite a bit this past week and no one is really talking about it. One area that we will want to watch closely as rates fall is Real Estate (XLRE). This sector has already been moving in the right direction. It now has an opportunity to rally further.
Carl also talked about Japan today and the fall of the Nikkei last week. He discusses why it happened, what the results were and what this might mean for our markets.
Carl opens the show with his view of our signal tables and a discussion on how much they have changed since the beginning of August. We are seeing lots of flips to red.
The market has now formed a reverse pennant formation. Carl and Erin discuss the implications which does keep a bear market in the background. He also covers major asset classes like Crude Oil, the Dollar and Gold.
Erin takes us inside the Real Estate sector as well as looks at broad market participation revealed by the NYSE and SP600 (IJR) participation. Growth sectors seems to be recuperating somewhat, but defensive areas of the market are still showing positive momentum.
The pair finish the show with a review of viewers symbol requests.
01:00 DP Signal Tables
04:11 Market Overview
07:44 Mortgage Rates
10:51 Magnificent Seven
15:47 Bank of Japan and Nikkei
24:10 Sector Rotation & Broad Market Participation
35:45 Symbol Requests
Try out our new Scan Alert Service and receive one month free! Or try any of our reports with a free two week trial using coupon code: DPTRIAL2 Here is a link to our Subscription page: https://www.decisionpoint.com/products.html
Bookmark this page to easily find our Trading Room videos after they've been published: https://www.youtube.com/@decisionpointcom/videos
Be sure and follow our channel and like this video!
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 at checkout!
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:
Price Momentum Oscillator (PMO)
Swenlin Trading Oscillators (STO-B and STO-V)
