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Using PMO BUY Signals on DP SPX-Plus Tracker Report

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One of my favorite ways to use the DP Tracker Reports is to call one up and take a look at brand new PMO BUY/SELL signals that have been generated by the PMO crossing over its EMA. Today I specifically pulled up the DP SPX-Plus Tracker Report 4. This report highlights daily PMO crossover BUY/SELL signals of a list of 564 stocks encompassing the S&P 500/100, Nasdaq 100, and Dow 65 Index. Here is an excerpt of the report that contains links to the charts of each symbol. You can go through the same excercise I did this afternoon where I clicked on each to see the chart of the signal and determine if it is significant in any way. We see the closing price, percent change, then the signal, the amount of days it has been in force. The final column tells you how long the PMO has been either rising or falling. Unfortunately some of these charts show noisy PMO movement where new signals have been generated over and over in the past few weeks. Those are not candidates for further review. However there were some without the noise that warranted a second look. So I'll highlight them and state the pluses and minuses of each of the six I chose.


 

DECISIONPOINT SPX PLUS STOCK REPORT PART 4: PMO CROSSOVER SIGNALS
WEDNESDAY  5/28/2014


                        05/28               Cal
                        Close      %       Days    High   Today   PMO
Name/Symbol             Price Change Signl Elap     P/L     P/L R/F Days
---------------------- ------ ------ ----- ---- ------- ------- --------
Alaska Air Gp    ALK    99.41  +1.2%   BUY    0    0.0%   -4.2%    R   5
Boston Scientifi BSX    13.15  +1.5%   BUY    0    0.0%   -3.3%    R   5
Covidien         COV    72.75  +1.3%   BUY    0    0.0%   -3.0%    R   1
Darden Restauran DRI    50.18  +0.9%   BUY    0    0.0%   -2.4%    R   6
FLIR Systems     FLIR   34.95  +0.5%   BUY    0    0.0%    0.0%    R   6
Fluor Corp       FLR    75.34   0.0%   BUY    0    0.0%   -1.5%    R   5
GameStop         GME    38.21  +2.5%   BUY    0    0.0%    7.9%    R   7
Garmin Ltd       GRMN   58.19  +0.4%   BUY    0    0.0%   -4.5%    R   5
Genuine Parts    GPC    86.16  +0.4%   BUY    0    0.0%   -0.6%    R   6
Hewlett Packard  HPQ    33.35  +0.8%   BUY    0    0.0%   -2.8%    R   5
Ingersoll-Rand   IR     59.84  +2.2%   BUY    0    0.0%   -4.7%    R   5
KeyCorp          KEY    13.56  +0.1%   BUY    0    0.0%   -2.1%    R   5
Laboratory Corp  LH    100.62  -0.3%   BUY    0    0.0%    0.4%    R   7
Leggett & Platt  LEG    33.76  +0.2%   BUY    0    0.0%   -2.5%    R   5
Liberty Interact LINTA  29.02  -0.6%   BUY    0    0.0%    0.2%    R   5
Loews Corp       L      43.26   0.0%   BUY    0    0.0%   -0.2%    R   6
Microchip Techno MCHP   47.26  +0.1%   BUY    0    0.0%   -1.5%    R   6
Mylan Inc        MYL    48.87  +0.9%   BUY    0    0.0%   -1.5%    R   6
PG&E Corp        PCG    45.30  +1.2%   BUY    0    0.0%   -1.7%    R   7
Quest Diagnostic DGX    58.07  +0.6%   BUY    0    0.0%    0.6%    R   5
Regions Financia RF     10.10  -0.2%   BUY    0    0.0%   -2.2%    R   7
RR Donnelley     RRD    15.97  +1.5%   BUY    0    0.0%    1.6%    R   6
Ryder            R      85.50  +1.8%   BUY    0    0.0%   -3.5%    R   5
T. Rowe Price    TROW   81.23  +0.3%   BUY    0    0.0%   -2.8%    R   6


Happy Charting!
Erin

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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