DP Trading Room: Use a Price Momentum Oscillator (PMO) Sort to Find Winners!
Today Carl and Erin open the show with an example of how you can find stock and ETF relative strength using a Price Momentum Oscillator (PMO) sort. Many may not know but PMO readings can be compared to one another to determine relative strength.
Carl gives us a review of the Magnificent 7 and looks at the market in general covering everything from yields to the indexes. Erin takes us on trip through the sectors and finds new strength in Comm Services with weakness still visible in Technology.
They finish the show with your symbol requests.
00:48 PMO Sorting
03:47 Magnificent 7 Review
07:42 Market Analysis
22:50 Questions Answered
27:30 Sector Overview
36:43 Symbol Requests
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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin
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Price Momentum Oscillator (PMO)