DP Trading Room: Mega-caps are Showing Bearish Bias

Carl Swenlin
by Carl Swenlin,
President and Founder, DecisionPoint.com
Erin Swenlin
by Erin Swenlin,
Vice President, DecisionPoint.com

In this week's edition of The DecisionPoint Trading Room, Carl opens the show with a review of a very high-yielding ETF he recently became aware of. The "Magnificent 7" stocks all show bearish biases; SPY is holding support, but indicators are still quite weak. Erin Swenlin presents a thorough review of the sectors, including a walkthrough of a Relative Rotation Graph. They finish the program with symbol requests from viewers.

This video was originally recorded on August 14, 2023. Click this linkto watch on YouTube.

New episodes of The DecisionPoint Trading Room premiere on the StockCharts TV YouTube channel on Mondays. Past videos will be available towatch here. Sign up to attend the trading roomliveMondays at 12pm ETby clicking here!

Carl Swenlin
About The Author:

Carl has been an active market analyst since 1981, a pioneer in the creation of online technical resources. A co-founder of DecisionPoint, he is also now a consultant and blog author for StockCharts. Learn More 

Erin Swenlin
About The Author:

Erin launched the DecisionPoint daily blog, specializing in charting and indicators, alongside Carl Swenlin in 2009. She serves as a consulting technical analyst and blog contributor at StockCharts. Learn More 

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