On this week’s edition of The DecisionPoint Trading Room, Carl, as always, opens the show with a market overview, but, in this episode, spends extra time looking at the Dollar in all three timeframes. He also reviews key indicator charts which favor a intermediate-term market top on the way. Erin reviews defensive sectors, Consumer Staples (XLP) and Healthcare (XLV), and also gives us insight during symbol requests on Semiconductors (SMH) and Biotechnology (IBB).
This video was originally recorded on April 24, 2023. Click this link to watch on YouTube. You can also watch this episode and other past episodes on the StockCharts on demand video service, StockChartsTV.com. Registration is free!
New episodes of The DecisionPoint Trading Room air on Mondays at 3pm ET on StockCharts TV. Past videos will be available to watch on demand. Sign up to attend the trading room live Mondays at 12pm ET by clicking here!
Erin also hosted the Monday, April 24 edition of StockCharts TV’s Your Daily Five, in which she warns that the market is ready to topple and correct overbought prices.
Carl Swenlin is a veteran technical analyst who has been actively engaged in market analysis since 1981. A pioneer in the creation of online technical resources, he was president and founder of DecisionPoint.com, one of the premier market timing and technical analysis websites on the web. DecisionPoint specializes in stock market indicators and charting. Since DecisionPoint merged with StockCharts.com in 2013, Carl has served a consulting technical analyst and blog contributor.
Erin Swenlin is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master’s degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor’s degree in Mathematics from the University of Southern California.