DP Trading Room: Mega-Caps Looking Bearish

In this week’s edition of The DecisionPoint Trading Room, Carl notes that the “Magnificent 7” stocks are looking “toppy”, with only a few exceptions. These leadership stocks could put downside pressure on an already weak market. Erin picks out the strongest of the sectors and the weakest during her thorough review of the sectors, before she and Carl finish with a look at your symbol requests.

This video was originally recorded on September 18, 2023. Click this link to watch on YouTube.

New episodes of The DecisionPoint Trading Room premiere on the StockCharts TV YouTube channel on Mondays. Past videos will be available to watch here. Sign up to attend the trading room live Mondays at 12pm ET by clicking here!

Erin also hosted the Monday, September 18 edition of Your Daily Five, where she covers her favorite indicator charts and discusses the sector where she is seeing the most strength, as well as an ETF that should take advantage of an area within!