DecisionPoint

DP Bulletin: Dow Regains PMO BUY Signal - DP Scoreboards ALL Green

 | 

A quick bulletin to let you all know that we got a new PMO BUY signal on the Dow. I've been writing about this the past few days so no one should be surprised. At this point my concern again is for more whipsaw if the market takes a breath or pulls back in a holiday hangover.


Despite a bearish pattern, bullish confirmations and PMO BUY signal will likely override the pattern's call for a corrective move. Look for sideways consolidation or a pullback to the rising bottoms trend line.


Helpful DecisionPoint Links:

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


 

Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin


**Don't miss DecisionPoint Commentary! Add your email below to be notified of new updates"**


 

Enjoy this article? Hear more from Erin Swenlin at

August 10th & 11th, 2018


See how the experts are protecting themselves from market volatility and reducing risk in uncharted waters

Join us online this August for two full days of investing insights, charting wisdom and market commentary from the industry's leading technicians. Streaming live wherever you are, you'll learn exactly how the experts are navigating the market's changing tides and remaining profitable in all conditions.

Erin Swenlin
About the author: helped create and manage the DecisionPoint.com website alongside her father, Carl Swenlin. Together, Erin and Carl launched the DecisionPoint daily blog in 2009. She hosts the MarketWatchers LIVE web show at StockCharts.com, and is also a Member of the CMT Association. Learn More
Subscribe to DecisionPoint to be notified whenever a new post is added to this blog!
comments powered by Disqus