The market is in a tailspin as tariffs add volatility to the market. Carl and Erin believe the SPY is in a bear market given key indexes like the Nasdaq are already in bear markets. It’s time to consider where the key support levels are.
Carl addressed his thoughts of where key support lies on the SPY during our question section of the trading room. You’ll also get his insight on current market conditions with his review of the market indicators in general as well as a look at Yields, Bonds, Crude Oil, Bitcoin among others.
During the review he pointed out how the members of our 26 indexes, sectors and groups are faring from their recent highs. Many are in bear markets.
After his market analysis, Carl walked us through the Magnificent Seven which are currently all in bear markets with declines of more than 20% or more. He analyzed both the daily and the weekly charts to give us perspective and support levels.
Erin took the controls and gave us her view of sector rotation using the Price Momentum Oscillator (PMO) sort to bring the strong sectors to the top and the weaker sectors on the bottom. The results were not surprising.
Finally, the pair finished with a look at viewer symbol requests.
01:03 DP Signal Tables
05:05 Market Overview
18:55 Magnificent Seven
25:42 Questions (including Key Support Levels)
34:10 Sector Rotation
42:26 Symbol Requests
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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