DP Bulletin: OEX & Dow Get New Buy Signals

Erin Swenlin | 

On Friday, the OEX managed to get both a new Short-Term Trend Model (STTM) BUY signal and a Short-Term Price Momentum Oscillator (PMO) BUY signal. At the time the Dow was the only Scoreboard to not have ST buy signals. Today that changed with a new STTM Buy signal for the Dow. The PMO missed a positive crossover on the Dow by less than one hundredth of a point. So expect to see it tomorrow.

In the case of the OEX, I like the new rising trend channel that is forming. The Dow isn't too bad with a symmetrical triangle. Symmetrical triangles are continuation patterns, so we should expect an upside breakout.

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)


SCTR Ranking


Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin

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Erin Swenlin
About the author: helped create and manage the 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, and is also a Member of the CMT Association.
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