DP Trading Room: Bad News for Buyers Weighing Hefty Mortgage Rates

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

In this week's edition of The DecisionPoint Trading Room, Carl opens the show with a look at a very bearish market BIAS Table. He examines how the latest mortgage rates are squeezing buyers and sellers alike by comparing today's mortgage payments versus payments at the lows; it's astounding. Carl also defines "Blowoff v. Blowout" volume and discusses its significance. Meanwhile, Erin finds strength in the Materials (XLB) Sector and zeros in on Steel as an industry group to watch this week.

This video was originally recorded on October 30, 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!

Market Analysis Sectors Commodities
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 

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 

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