DP Bulletin: Weekly PMO BUY Signal on Dow; PMO BUY Signals for OEX and SPX...NDX Lags

Erin Swenlin
by Erin Swenlin,
Vice President, DecisionPoint.com

On Friday, the Dow finally saw its weekly PMO cross above its signal line and trigger a long awaited BUY signal. The SPX also added a new PMO BUY signal on its daily chart on Friday. Today, the OEX generated a ST PMO BUY signal. I had thought the NDX would come through with a PMO BUY signal of its own, but it just barely missed the crossover today.

Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin

Helpful DecisionPoint Links:

Erin's PMO Scan

DecisionPoint Shared ChartList and DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

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

ITBM and ITVM

SCTR Ranking

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Erin Swenlin
About The Author:

Erin launched the DecisionPoint daily blog, specializing in charting and indicators, alongside Carl Swenlin in 2009. She serves as a consulting technical analyst and blog contributor at StockCharts. Learn More 

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