DP Bulletin: Three New Short-Term Signals


On Friday the S&P 100 ($OEX) and Nasdaq 100 ($NDX) had Short-Term Trend Model (STTM) signal changes from BUY to NEUTRAL. Today they switched back to BUY. The dreaded whipsaw again. Also, the Dow Jones Industrial Average ($INDU) had a short-term PMO signal change from BUY to SELL.

The two charts below show the whipsaw STTM signal changes for $OEX and $NDX -- the 5EMAs crossed back up through the 20EMAs, generating BUY signals.

The chart of $INDU shows the daily PMO just barely closing below its signal line, generating a PMO SELL signal. If the Dow goes up tomorrow, the signal could change back to BUY.

Happy Charting!
- Carl

Technical Analysis is a windsock, not a crystal ball.

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On Balance Volume

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Carl Swenlin
About the author: is a veteran technical analyst who has been actively engaged in market analysis since 1981. A pioneer in the creation of online technical resources, he was president and founder of, one of the premier market timing and technical analysis websites on the web. DecisionPoint specializes in stock market indicators and charting. Since DecisionPoint merged with in 2013, Carl has served a consulting technical analyst and blog contributor. Learn More
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