DecisionPoint

DP Bulletin #2: OEX Adds IT Trend Model BUY Signal

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Another Intermediate-Term Trend Model BUY signal arrived on the OEX Scoreboard. The Dow is very close to the same signal. For more information, I refer you to yesterday's article about the SPX IT Trend Model BUY signal. My analysis remains the same as yesterday. The outlook is improving a great deal for the markets, yet a day like today reminds us that weakness remains a problem.



The declining tops trendline is holding up after price broke out above it. Strong support should be available at the early March bottom since it also will likely coincide with declining tops line support. 


Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin


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


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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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