The Dow and SPX both triggered PMO BUY signals after the close yesterday. In addition, the Dow printed a ST Trend Model BUY signal. I will be writing a more comprehensive blog this evening on these signal changes that occurred on the close yesterday. I just wanted to give everyone the heads up before tonight. I would also like to note that after the close today, the NDX and OEX should also log PMO BUY Signals. Read tonight's DP Alert for details.
The PMO BUY signals are triggered when the PMO crossed above its signal line. The ST Trend Model BUY signal is triggered when the 5-EMA crosses above the 20-EMA.
Technical Analysis is a windsock, not a crystal ball.
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