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Market Rally Broadens – New All-Time Highs?

by November 26, 2024
November 26, 2024

Today Carl looks at the small-caps and mid-caps that have now begun to outperform the market. Clearly the rally is broadening, the question now is can we continue to make new all-time highs. It does seem very likely especially given the positive outlook on the Secretary of Treasury nomination.

Carl reviews the signal tables and discusses which sectors/groups are getting ready to see signal changes. He also looks at the equilibrium of the Bias Table that suggests half of the sectors/groups/indexes have bearish biases despite the market reaching new all-time highs.

Carl also takes us through the Magnificent Seven charts where we see some of the stocks setting up bearishly, but many are still showing bullish biases.

Erin covers sector rotation with a review of all of the sectors in Candleglance to see which are lining up for breakouts and which are showing signs of distress.

The pair finish with a look at viewer symbol requests including Home Builders, TSEM and SMCI.

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01:10 DP Signal Tables

03:20 Market Rally Broadens

04:06 Market Overview

10:32 Magnificent Seven

18:58 Questions (Energy and the Dollar among others)

24:04 Sector Rotation Discussion

32:30 Symbols Requests

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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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.

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