Attention: your browser does not have JavaScript enabled!

For full functionality of this site it is necessary to enable JavaScript.
Click Here to learn how to enable JavaScript.

decision point logo
  • Home
  • About Us
  • Subscriptions
  • Blogs and Links
New around here? Subscribe now! Forgot password?

Manage Account

  • HOME
  • ABOUT US
  • SUBSCRIPTIONS
  • BLOGS AND LINKS

Sectors Don't Look So Bad - "Bear Market Special" Coming to a Close!

Published on July 15, 2022 at 08:47 PM by Carl Swenlin, Erin Swenlin

DecisionPoint Alert

While we have negative long-term expectations for the market, we notice that most of the eleven S&P sectors are looking rather bullish intermediate-term. Only two sectors -- Energy and Materials -- have been making new lows, but the rest are either showing rising bottoms from the June low or are making a double bottom against that low.

In the Diamond Mine trading room that Erin holds for subscribers of the DP Diamonds Report on Fridays at Noon ET, she "mines" to find the "Sector to Watch" and "Industry Group to Watch". She noted that aggressive sectors were showing bullish price patterns while defensive sectors (XLP, XLU and XLRE) were displaying fading strength. Here is an excerpt from Erin's Diamonds Report today.


Our "Bear Market Special" Has Been Extended to July 22nd!

"Bear Market Special"

Get your first month of the "Bundle" for only $14!

Use Coupon Code: BEARS

Our subscriptions are priced to allow all investors access to professional grade analysis! Beginners to advanced, all can learn our analysis process!

$35/month for our cornerstone DP Alert market letter with coverage of Gold, Gold Miners, Yields, the Dollar, Crude Oil, Bitcoin and MORE!

$40/month for DecisionPoint Diamonds, ten+ handpicked stocks or "Diamonds in the Rough" AND a weekly subscriber-only Diamond Mine trading room!

$68/month for BOTH!

Click HERE to subscribe now!



"In this morning's Diamond Mine Trading Room I liked XLY for "Sector to Watch". After getting participation data for the day, I still believe XLY is the most bullish. As far as "Industry Group to Watch", I also haven't changed my mind. Specialized Consumer Services is outperforming in a big way and today's rally suggests more upside ahead.

Sector to Watch: Consumer Discretionary (XLY)

I decided to go with XLY, but XLC and XLK were close seconds. My reasoning for this one over those was that we have better participation of stocks above their 50-day EMAs and the SCI reading was higher than the others and rising steadily. We have a bullish ascending triangle that implies a breakout above the confirmation line and 50-day EMA.

Industry Group to Watch: Specialized Consumer Services ($DJUSCS)

There were some interesting groups out there within XLY, but this chart floated to top. The RSI is positive, rising and not overbought. The PMO just accelerated above the zero line. Stochastics have tipped up. Not only is there an intermediate-term bullish double-bottom, price is traveling in a rising trend channel.

Good Luck & Good Trading!

Erin Swenlin & Carl Swenlin


Don't miss the new DecisionPoint Trading Room! Carl has joined the room with Erin and answers questions from attendees or from comments left on YouTube. If you'd like to attend LIVE, click HERE to register.




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

(c) Copyright 2022 DecisionPoint.com


Helpful DecisionPoint Links:

DecisionPoint Alert Chart List

DecisionPoint Golden Cross/Silver Cross Index Chart List

DecisionPoint Sector Chart List

DecisionPoint Chart Gallery

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


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.

Blog Archive
Previous Article
Next Article

Contact Us

Email: support@decisionpoint.com

© Proudly created by Alamo City Marketing Solutions

Socialize With Us

DecisionPoint logo

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. None of the DecisionPoint newsletters or web site materials should be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

DecisionPoint does not represent or endorse the accuracy or reliability of any of the information, content, or advertisements contained on, distributed through, linked from, downloaded or otherwise accessed from any of the services contained on this web site or in our newsletters, nor the quality of any products, information or other materials displayed, purchased, or obtained by you as a result of an advertisement or any other information or offer in or in connection with the materials. You hereby acknowledge that any reliance upon any Materials shall be at your sole risk. It is your responsibility to verify from other sources, such as your broker, critical elements of a decision to act. DecisionPoint reserves the right, in its sole discretion and without any obligation, to make improvements/changes to, or to correct any error or omissions in any portion of the Materials.

THE SERVICE AND THE MATERIALS ARE PROVIDED BY DECISIONPOINT ON AN "AS IS" BASIS, AND DECISIONPOINT EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE SERVICE OR ANY MATERIALS AND PRODUCTS. IN NO EVENT SHALL DECISIONPOINT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER WITH RESPECT TO THE SERVICE, THE MATERIALS AND THE PRODUCTS.