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Bearish Bias - Weekly PMOs Log New SELL Signals on DP Scoreboards

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I did a review of the monthly charts Wednesday and noticed a bearish bias. Today three new Intermediate-Term Price Momentum Oscillator (PMO) SELL signals arrived. The weekly PMOs crossed below their signal lines which triggered these signals. Weekly charts are presenting bearish characteristics.



After looking at all three of these weekly charts, the main thing to notice are the rising bottom trend lines  price could continue lower and preserve the rising trend.


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


 

Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin


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Announcement from the Author

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Erin Swenlin
About the author: is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California. Learn More
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