{"id":5185,"date":"2024-06-04T00:05:28","date_gmt":"2024-06-04T00:05:28","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/06\/04\/dp-trading-room-upside-initiation-climax-should-we-trust-it\/"},"modified":"2024-06-04T00:05:28","modified_gmt":"2024-06-04T00:05:28","slug":"dp-trading-room-upside-initiation-climax-should-we-trust-it","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/06\/04\/dp-trading-room-upside-initiation-climax-should-we-trust-it\/","title":{"rendered":"DP Trading Room: Upside Initiation Climax (Should We Trust It?)"},"content":{"rendered":"
\n

On today\u2019s DecisionPoint Trading Room<\/em> episode Carl and Erin discuss Friday\u2019s \u201cUpside Initiation Climax\u201d and whether it can be trusted. With market follow through tepid, they discuss the implications of this very bullish signal.<\/p>\n

Carl reveals his sentiment of the overall market and covers Bitcoin, Gold, Interest Rates, Crude Oil and the Dollar.<\/p>\n

As always he gives us his view of the Magnificent Seven stocks and their outlooks. One in particular shows a bearish double top.<\/p>\n

Carl also brought a few charts for his \u201cGrab Bag\u201d discussion. He pointed out a nearing IT Trend Model Dark Cross Neutral Signal. He looked at Texas Instruments (TXN), Salesforce (CRM) and Motorola (MSI).<\/p>\n

Erin walked us through sector rotation with a discussion of all of the sectors and their Price Momentum Oscillators (PMOs). See where new strength is coming in from\u2026hint: think defensive.<\/p>\n

Finally the pair finish the program with a look at viewers symbol requests including views of the weekly charts.<\/p>\n

01:40 DecisionPoint Signal Tables<\/p>\n

04:49 Market Overview<\/p>\n

10:03 Upside Initiation Climax<\/p>\n

12:01 Dollar, Gold, Bitcoin, etc.<\/p>\n

16:00 Magnificent Seven<\/p>\n

20:00 Carl\u2019s Grab Bag (Energy sector, Texas Instruments (TXN), Salesforce (CRM) and Motorola (MSI))<\/p>\n

30:00 Sector Rotation<\/p>\n

36:37 Symbol Requests<\/p>\n<\/p>\n

<\/div>\n<\/p>\n

<\/h4>\n

Watch the latest episode of the DecisionPointTrading Room<\/em> on DP\u2019s YouTube channel <\/strong>here<\/a>!<\/strong><\/h4>\n<\/p>\n

<\/a><\/p>\n

Try us out for two weeks with a trial subscription!<\/h2>\n

Use coupon code: DPTRIAL2 at checkout!<\/h2>\n

Technical Analysis is a windsock, not a crystal ball. \u2013Carl Swenlin<\/strong><\/p>\n

(c) Copyright 2024 DecisionPoint.com<\/strong><\/p>\n

Disclaimer:\u00a0This blog is for educational purposes only and should not be construed as financial advice. The ideas and\u00a0strategies should never be used without first assessing your own personal and financial situation, or without consulting a\u00a0financial professional.\u00a0Any opinions expressed herein are solely\u00a0those of the author, and do not in any way represent the views or opinions of any other person or entity.<\/em><\/strong><\/p>\n

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.<\/em><\/strong><\/p>\n

Helpful DecisionPoint Links:<\/strong><\/p>\n

Trend Models<\/strong><\/a><\/p>\n

Price Momentum Oscillator (PMO)<\/strong><\/a><\/p>\n

On Balance Volume<\/strong><\/a><\/p>\n

Swenlin Trading Oscillators (STO-B and STO-V)<\/strong><\/a><\/p>\n

ITBM<\/strong><\/a> and <\/strong>ITVM<\/strong><\/a><\/p>\n

SCTR Ranking<\/strong><\/a><\/p>\n

Bear Market Rules<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On today\u2019s DecisionPoint Trading Room episode Carl and Erin discuss Friday\u2019s \u201cUpside Initiation Climax\u201d and whether it can be trusted. With market follow through tepid, they discuss the implications of this very bullish signal. Carl reveals his sentiment of the overall market and covers Bitcoin, Gold, Interest Rates, Crude Oil and the Dollar. As always […]<\/p>\n","protected":false},"author":0,"featured_media":5186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=5185"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/5186"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=5185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=5185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=5185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}