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Stocks: "...a PERMANENTLY high plateau"?

Published on November 18, 2024 at 01:58 PM by Erin Swenlin

DecisionPoint Alert

Today we explore the bullish sentiment that has taken SPX valuations to the moon. There are many out there that believe we have hit a plateau on prices that will continue permanently. We talk about the quote: "Stock prices have reached 'what looks like a permanently high plateau,' Irving Fisher, Yale economist, told members of the Purchasing Agents Association at its monthly dinner meeting..." When did this quote come out? Carl reviews our earnings chart.

Carl looks at our signal tables to get a sense of the condition of the market. Then he discusses his outlook for the market as well as covering Bitcoin, Yields, Bonds, Gold, the Dollar, among others.

After covering the market, Carl analyzes the short- and intermediate-term charts of the Magnificent Seven. NVDA reports earnings on November 18th.

Carl takes some time to look at Real Estate (XLRE) "under the hood" and discusses its nearing Dark Cross Neutral Signal that is on tap.

Erin covers sector rotation, comparing defensive sectors to aggressive sectors. She looks under the hood at Utilities which is a sector that is showing new momentum among the sectors. With a possible market decline continuing, this defensive area of the market could find favor and continue higher.

The pair finish with looking at viewer symbol requests with an eye toward the intermediate term today.

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01:03 "...a permanently high plateau"?

03:35 DP Signal Tables

05:50 Market Analysis

15:44 Magnificent Seven

21:44 Real Estate Sector

23:12 Questions

28:06 Sector Rotation

40:06 Symbol Requests





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

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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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