DP Trading Room: DP Indicators Called It!
On this week’s edition of The DecisionPoint Trading Room, Carl opens this week’s show by covering the major markets and asset classes. He reviews the mega-cap stocks that are leading the market lower. DP indicators came through on warning that there was trouble ahead; Carl explains how and why. Both Carl and Erin explain why they believe EMAs are far superior to SMAs. Carl expands on his ChartWatchers article on overbought conditions in a bull or bear market; no sector strength visible, with one exception. Afterwards, we have symbol requests galore! Carl previously spotted a possible buyout on a particular Canadian symbol… and he was right.
This video was originally recorded on August 22, 2022. 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!