In this episode of DecisionPoint, Carl opens the show by analyzing SPY market action, but also schools us on how to determine when the market is "overvalued" or "undervalued." (Currently, it is highly overvalued.) Carl also displays many DP indicators that are extremely overbought and accompanied by negative divergences. Erin discusses the DP sentiment charts - Put/Call Ratio, AAII, NAAIM and the DecisionPoint-exclusive "Rydex Ratio". Carl and Erin discuss their thoughts on Silver (SLV), Gold ($GOLD) and Natural Gas (UNG), and Erin finishes with a "Diamond of the Week" from the Biotechnology industry group.