In this episode of DecisionPoint, Carl and Erin review four new Price Momentum Oscillator (PMO) SELL signals on four of the major market indexes. Even the Nasdaq 100's new highs didn't prevent that PMO SELL signal. Erin discusses climactic indicators and how they can be leading indicators for very short-term; the "hanging man" candlestick from Tuesday sent a caution flag for Wednesday! Finally, Erin gives everyone her "Diamond of the Week" from the DecisionPoint Diamonds report.
This show was recorded on June 17th, 2020 and premiered on StockCharts TV on June 18th. DecisionPoint Alerts subscribers receive exclusive early access to new episodes of DecisionPoint before their official airing on StockCharts TV!
New episodes of DecisionPoint become available at 8pm ET on Wednesdays to DecisionPoint.com members (Alerts and Bundle subscriptions) and air on Thursdays at 8am ET on StockCharts TV. Archived episodes of the show are available at this link.
About the author:Carl Swenlin 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 DecisionPoint.com, 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 StockCharts.com in 2013, Carl has served a consulting technical analyst and blog contributor.
About the author:Erin Swenlin 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.