Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (19459)	6/29/2017 8:49:54 AM
From: John Pitera	Respond to of 33421

EDIT

To: John Pitera who wrote (19459)	7/2/2017 11:31:38 AM
From: Chip McVickar	1 Recommendation Recommended By John Pitera Read Replies (2) \| Respond to of 33421

John - PMO Weekly Sell Signal I've been watching Momentum on a daily and weekly basis for the last few months. Here is a fairly well respected signal that supports what I've been focused on... I'm not sure if oils recent price is due to demand or over supply, but internals are changing slowly. This may turn out to be more then just summer doldrums...??? My Best, Chip DecisionPoint Bulletin: New PMO SELL Signal on Weekly Chart for SPX Conclusion: Momentum has slowed in the major indexes in both the short and intermediate terms. The NDX may not have generated an IT PMO SELL signal, but a look at the chart and knowing tech is suffering tells us that a SELL signal is not that far away. Given the bearishness of weekly momentum, I'm expecting more downside to test support at 2300 for the SPX. stockcharts.com