DP Bulletin: Dow Industrials ($INDU) Generate Weekly PMO BUY Signal

Carl Swenlin
by Carl Swenlin,
President and Founder, DecisionPoint.com

Today the weekly PMO for the Dow Jones Industrial Average ($INDU) crossed up through its signal line and generated a weekly PMO BUY signal.

We can see on the weekly chart that the PMO has been running flat well above the zero line since April, which indicates that price has been moving up at a steady pace.

Check the DP Weekly Wrap for a recap of the week's market action.

Happy Charting!
- Carl

Technical Analysis is a windsock, not a crystal ball.

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Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Carl Swenlin
About The Author:

Carl has been an active market analyst since 1981, a pioneer in the creation of online technical resources. A co-founder of DecisionPoint, he is also now a consultant and blog author for StockCharts. Learn More 

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