DecisionPoint

DP Bulletin: NDX Triggers IT PMO BUY Signal - Equal-Weight Consumer Discretionary (RCD) IT Trend Model BUY Signal

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Today the Nasdaq 100 Scoreboard turned completely green. Well, it lost the only red arrow it was clinging to on the intermediation-term Price Momentum Oscillator (PMO). The equal-weight Consumer Discretionary ETF (RCD) also triggered a new Intermediate-Term Trend Model (ITTM) BUY signal. The charts are below for your review.



With a fresh all-time high logged and a breakout above previous short-term resistance, I suspect this signal will hold this time barring a serious pullback or correction.

I think my only caution on this ITTM BUY signal is that overhead resistance that has held since it was set back in December 2016.


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


*** Erin will be celebrating her marriage and honeymoon 7/25 - 8/21. She'll return as "Erin Wood". Congratulations, Erin!


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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