DP Trading Room: Upside Initiation Climax?

On Friday DP indicators logged an Upside Initiation Climax. This exhaustion events often mark the beginning of new rallies and could indicate that the market is indeed ready to rebound. However, we do question its veracity given lukewarm trading to begin Monday’s trading. Carl started us off by looking at the DP Signal Tables which…

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The Best Five Sectors, #11

Big Moves in Sector Ranking The ranking of US sectors continues to shift. At last week’s close, we saw another big shake-up. All defensive sectors are now in the top five. Technology dropped to last place, while Consumer Discretionary tumbled from #3 last week to #9. Within the top five, Consumer Staples gained one position,…

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