Today’s DP Trading Room was jam packed! The lead story is definitely the fact that deflation is another possibility that many are not talking about. We don’t know if it will be the final outcome, but we have a link that discusses this possibility: https://hoisington.com/economic_overview.html Carl also covered the market in general and then showed us how to use the PMO Sort with StockCharts’ Candleglance. It organizes the components and compares their PMO values listing the strongest at the top and the weakest at the bottom. The PMO can be compared among all indexes, stocks and ETFs. Carl exhibits our new Russell 2000 (IWM) “Under the Hood” chart and explains how we use the SP600 participation readings to understand what the internals might be for IWM. Both Carl and Erin discussed the new found strength in the Energy sector. Erin points out that Coal is looking particularly strong right now.…
