Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

DecisionPoint Trading Room: Narrow Advance a Big Problem!

by February 6, 2024
February 6, 2024
DecisionPoint Trading Room: Narrow Advance a Big Problem!

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 DecisionPoint Trading Room on our 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

0
FacebookTwitterGoogle +Pinterest
previous post
Cannabis Round-Up: Texas Attorney General Sues Local Cities for Decriminalization Efforts
next post
Waiting for your tax refund? There are other ways to get cash back all year long

Related Posts

Chesapeake Energy: A Stock That Could Pump Much...

September 12, 2023

Trade War Panic: Are International Stocks the Safer...

March 5, 2025

Stock Indexes Continue Winning Streak: Growth Stocks Still...

November 9, 2023

The Bull Has Left the Bear in the...

November 17, 2023

Fresh Look at Long Bonds

September 14, 2023

The Bond Market is Signaling a Potential Short-Term...

March 20, 2024

How the S&P 500 Reaches 6500 By March...

January 20, 2025

MEM TV: Small Cap STOCKS SHINE! 4 Names...

March 30, 2024

Is FedEx’s Long-Term Uptrend in Jeopardy? Here’s What...

December 27, 2023

The Best Cybersecurity Stocks Showing Profitable Investment Opportunities

October 12, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • 3 S&P 500 Charts That Point to the Next Big Move

    • Joe Rabil’s Undercut & Rally Pattern: From DROP to POP

    • Prospectus

    • Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project

    • Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

    • Galan Lithium Limited: A$20 million Placement to Strategic Partner

    Categories

    • Business (1,256)
    • Investing (2,578)
    • Politics (3,699)
    • Stocks (1,667)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 © 2025 moneycontrolplace.com | All Rights Reserved