It’s an interesting market day with the market moving lower despite positive seasonality. Natural Gas (UNG) broke out in a big way up over 15% at the time of writing. Is it ready to continue its big run higher?
Carl took the day off so Erin gave us the review of the signal tables and market charts. She then gave us her perspective on the Natural Gas (UNG) chart. As of writing, we have determined that the big move is due to geopolitical tensions over the expiration of LNG exports with Russia for Europe. This could mean more exports and demand for US Natural Gas.
Erin then covered Sector Rotation and walked us through all of the sector charts “under the hood”. No sectors currently have rising momentum. All Price Momentum Oscillators (PMOs) are in decline setting up for a very difficult January.
Try out any of the DP products for two weeks for free using Coupon Code: DPTRIAL2.
01:40 DP Signal Tables
04:38 Market Overview (including Bitcoin, Yields, Dollar, Gold and more)
24:40 Questions
26:52 Natural Gas (UNG)
33:04 Sector Rotation Overview
35:02 Magnificent Seven
41:37 Sector Chart Review Under the Hood
50:13 Symbol Requests
Join us LIVE in the trading room on Mondays at Noon ET by registering once to attend: https://zoom.us/webinar/register/WN_D6iAp-C1S6SebVpQIYcC6g#/registration
The DP Alert: Your First Stop to a Great Trade!
Before you trade any stock or ETF, you need to know the trend and condition of the market. The DP Alert gives you all you need to know with an executive summary of the market’s current trend and condition. It not only covers the market! We look at Bitcoin, Yields, Bonds, Gold, the Dollar, Gold Miners and Crude Oil! Only $50/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!
Learn more about DecisionPoint.com:
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 Subscribe HERE!
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