• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock DecisionPoint Trading Room: Narrow Advance a Big Problem!
Stock

DecisionPoint Trading Room: Narrow Advance a Big Problem!

by February 5, 2024
by February 5, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The market rally last week was very narrow, driven mainly by large gains in communication services stocks like Meta. Many technical indicators are showing negative divergences. The broader market struggled. Erin reviews all of the sectors under the hood and then takes your symbol requests.

Key Takeaways:

– Communication services and technology sectors look strongest, while materials, energy, and real estate look weakest. Industrials were identified as a sector to watch this week.

– Treasury yields bounced last week but the yield curve remains inverted, which can be a sign of economic weakness.

– Specific stocks discussed included PHR (buy opportunity on pullback), LDS (lined up technically but wait for better entry), and CRWD (hold with tight stop).

– The presenters have a bearish short-term outlook on the market and expect prices to move lower this week. Defensive sectors may outperform if the market declines.

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:

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

You Might Also Like
  • GNG TV: Equity Markets Hanging on to “Go” Trend
  • Stocks in Focus: 3 Stocks to Watch
  • What NOT To Do as a Trader
  • Mild Recession? Three Indicators That Can Offer Insights
Share
0
FacebookTwitterPinterestWhatsapp

previous post
A doctor gave me pills for a nightmarish abortion. The FDA betrayed women by letting that happen 
next post
Squad members Cori Bush, Jamaal Bowman outraised by moderate Democrat challengers, as primary threats mount

You may also like

Identifying Top Charts with Upside Potential in 2024

July 9, 2024

QQQ Breaking Out Again; Watch This Key Component Stock As...

November 10, 2023

Sector Spotlight: Stocks vs. Bonds — Monthly Trends Revealed!

February 7, 2024

Small Cap Value Stocks Unexpected Driver for Market

June 30, 2023

One Year Anniversary Of A Very Bold Call

June 17, 2023

BONDS & CASH – But Can We Find Better Income...

September 8, 2023

Alphabet Stock (GOOGL) Is Gaining Momentum: Will It Soar or...

May 9, 2023

Top 10 Actionable Charts to Watch 2024

March 8, 2024

Generate Consistent Income with These Options Strategies

May 21, 2025

Golden Cross Carries Some Little-Known Magic

February 10, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    The Ord Oracle March 14, 2023

    March 15, 2023

    Market Begs: Tell Us Something Good!

    September 27, 2023

    This is GOOD STUFF: A Bullish...

    August 14, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here