Pete takes a bit of a different approach to today's show by taking a look at what's happening in a couple major indices; The S&P 500 and the Dow Jones Industrial Average. Flipping through some charts, looking at the overall market patterns, and explaining what he expects to see this week - a volatile and range-bound market due to the upcoming expiration.
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The technology sector in general has taken a beating mostly due to rates, and the possibility of a recession. Pete takes a backward look at charts in the streaming sector to identify where the signals were, to help you spot the signals in the future.
Pete covers the trends using the Market Movers list on the S&P400 from his members dashboard. While trying to spot a trend in the names, he focuses on the metals and mining industry as it sells off with the rest of the commodity sectors.
Pete starts the show with a brief overview of what a Parabolic SAR is and then runs a scan looking for a parabolic SAR sell signal. He then reviews the scan results that includes some apparel retailers and one major multi-line name. Pete finds that the consumer is not dead and people are still be...
