| Followers | 680 |
| Posts | 141092 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Tuesday, August 15, 2017 9:11:43 AM
--- DP Bulletin: Three New Short-Term Signals ---
By Carl Swenlin | August 14, 2017
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 $INDU shows the daily PMO just barely closing below its signal line, generating a PMO SELL signal. If the Dow goes up tomorrow, the signal could change back to BUY.
Happy Charting!
- Carl
Technical Analysis is a windsock, not a crystal ball.
http://stockcharts.com/articles/decisionpoint/2017/08/dp-bulletin-three-new-short-term-signals.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Carl Swenlin | August 14, 2017
On Friday the S&P 100 ($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.
http://stockcharts.com/articles/decisionpoint/2017/08/dp-bulletin-three-new-short-term-signals.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
