DP TV: Sentiment Too Bullish in Overvalued Market

In this episode of DecisionPoint, Carl opens the show by analyzing SPY market action, but also schools us on how to determine when the market is “overvalued” or “undervalued.” (Currently, it is highly overvalued.) Carl also displays many DP indicators that are extremely overbought and accompanied by negative divergences. Erin discusses the DP sentiment charts – Put/Call Ratio, AAII, NAAIM and the DecisionPoint-exclusive “Rydex Ratio”. Carl and Erin discuss their thoughts on Silver (SLV), Gold ($GOLD) and Natural Gas (UNG), and Erin finishes with a “Diamond of the Week” from the Biotechnology industry group.

This video was originally recorded on December 7th, 2020. Click anywhere on the DecisionPoint logo above to view on our dedicated show page, or click this link to watch on YouTube.

New episodes of DecisionPoint air on Mondays at 7pm ET on StockCharts TV. Archived episodes of the show are available at this link.