Greg talks about the rally to the 200 DMA on the $SPX. Greg uses multiple charts to discuss the divergence between crude and the exploration companies and how to access CandleGlance view.
Connect with Greg -
Website: https://ospreystrategic.org
Twitter, @SchnellInvestor: https://twitter.com/Schnellinvestor
Blog: https://stockcharts.com/articles/canada/
The market has been pushing higher for 7 weeks. The question on everyone's mind is the role inflation plays. But equally important, is the change in business as inflation stubbornly runs at us. Greg rolls through technology names to see if this stall at the 200 DMA in XLK is a big deal.
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As the treasury market is changing, investors are changing the stocks they are looking at owning. Over the last few weeks, tech names have started to make higher lows. This week, Greg shares how to sort within an industry group to find the emerging leaders.
In this episode, Greg provides education on the "Percentage Price Oscillator" (PPO) which is his favorite indicator. He provides guidance on what the PPO is, and how it can be interpreted. Included are real-world chart examples and, also a scan you can use in our Technical Scan Workbench!
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