Market Rally Broadens – New All-Time Highs?
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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