DECISION POINT SWENLIN PRICE MOMENTUM OSCILLATOR (PMO)
Intermediate Term Trend Indicator
To help in screening for stocks/funds/indexes that are trending in the direction we want, Carl Swenlin has
developed a special PMO (Price Momentum Oscillator). It is calculated using a proprietary rate of change calculation,
and the result helps us define the intermediate-term price trend.
The PMO is strictly an internal measure of strength for the security being measured, and, while the price
line will usually zigzag in the direction of the trend, the PMO tends to move steadily in a given direction. As a result,
when the PMO changes direction, it raises a flag that the price trend might be changing, and should prompt us to keep a close
watch on the price chart. The PMO also oscillates in relation to a Zero Line. Generally we interpret PMO movement thusly:
Rising above zero is best, and falling below zero is worst; however, it is at PMO turning points where we look for the best
entry and exit points.
Description of PMO
Chart of Weekly Indices with PMO Graphs
PMO Chart for NYSE Composite Index
PMO Chart for Dow Industrials Index
PMO Chart for NASDAQ index
PMO Chart for S&P500 Index
DECISION POINT SWENLIN PRICE MOMENTUM MODEL (PMM)
Long Term Trend Indicator
The Swenlin Price Momentum Model is applied to all the stocks, mutual funds, and market indexes Swenlin follows.
It is strictly mechanical and is always set on BUY or SELL. For a new signal to be generated, price must: (1) reverse at least
10% from the extreme price for the current signal; and (2) pass through the 200-day exponential moving average (200 EMA).
The model has had a superb record since mid-1980, but 15 years is a relatively short period .
Description of PMM
When you open the following link copy
DECISION POINT MOMENTUM SIGNALS
and paste it into the "find" box under "edit" to go directly to the PMM section of the report.
DECISION POINT MOMENTUM SIGNALS are contained in this Daily Market Summary
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