DecisionPoint

DP Bulletin: Dow Industrials ($INDU) Trigger PMO SELL Signal

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Today the Dow Industrials ($INDU) lost its recent PMO BUY signal from 7/14 and has logged a PMO SELL signal on the DP Scoreboard. The chart is below.



It looks like a short-term double-top in the thumbnail. Support is holding at 21500, but this recent PMO SELL signal and the OBV setting up negative divergences between price bottoms and OBV bottoms. 


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


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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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