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DP Trading Room: AI Bubble Deflating

by admin September 10, 2024
September 10, 2024
DP Trading Room: AI Bubble Deflating

The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in response to investors losing confidence in the AI trade in general. Carl gives us a complete picture of the Magnificent Seven in the short and intermediate terms. It doesn’t look very good.

Carl also gives us insight on the condition of Intel (INTC) which has been discussed as a good reversal candidate. Carl gives us his opinion on whether we should be buying INTC or not.

Erin looks inside darling, Consumer Staples (XLP) using DecisionPoint “under the hood” charts to understand the actual health of the sector. She also dives into Energy (XLE) which is on support and Consumer Discretionary (XLY) which has been in a holding pattern. Participation gives us a hint as to where it is likely to resolve.

The pair finish the program with a look at viewer symbol requests.

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01:23 DecisionPoint Signal Tables

03:57 Market Analysis

13:22 Magnificent Seven Short and Intermediate Terms

22:25 Discussion on Intel (INTC)

25:40 Sector Rotation (Coverage of XLP, XLE and XLY)

34:05 Questions (Nuclear Energy ETF)

40:02 Symbol 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.


Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules


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