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  • 📋ChartSchool
  • Table of Contents
    • Overview
      • Why Analyze Securities?
      • Technical Analysis
      • Fundamental Analysis
      • Random Walk vs. Non-Random Walk
      • Asset Allocation and Diversification
      • John Murphy's 10 Laws of Technical Trading
      • John Murphy's "Charting Made Easy" eBook
      • Technical Analysis 101
        • TA 101 – Part 1
        • TA 101 – Part 2
        • TA 101 – Part 3
        • TA 101 – Part 4
        • TA 101 – Part 5
        • TA 101 – Part 6
        • TA 101 – Part 7
        • TA 101 – Part 8
        • TA 101 – Part 9
        • TA 101 – Part 10
        • TA 101 – Part 11
        • TA 101 – Part 12
        • TA 101 – Part 13
        • TA 101 – Part 14
        • TA 101 – Part 15
        • TA 101 – Part 16
        • TA 101 – Part 17
      • Irrational Exuberance
      • Cognitive Biases
      • Arthur Hill on Goals, Style and Strategy
      • Arthur Hill on Moving Average Crossovers
      • Multicollinearity
      • "The Trader's Journal" by Gatis Roze
        • Stage 1: Money Management
        • Stage 2: Business of Investing
        • Stage 3: The Investor Self
        • Stage 4: Market Analysis
        • Stage 5: Routines
        • Stage 6: Stalking Your Trade
        • Stage 7: Buying
        • Stage 8: Monitoring Your Investments
        • Stage 9: Selling
        • Stage 10: Re-Examine, Refine, Re-Enhance
        • Additional Reading
      • Bob Farrell's 10 Rules
      • Richard Rhodes' Trading Rules
      • Donchian Trading Guidelines
      • Why and How To Use Correlation
    • Chart Analysis
      • What Are Charts?
      • Support & Resistance
      • Trend Lines
      • Gaps and Gap Analysis
      • Introduction to Chart Patterns
      • Chart Patterns
        • Broadening Top or Megaphone Top
        • Double Top Reversal
        • Double Bottom Reversal
        • Head and Shoulders Top
        • Head and Shoulders Bottom
        • Falling Wedge
        • Rising Wedge
        • Rounding Bottom
        • Triple Top Reversal
        • Triple Bottom Reversal
        • Bump and Run Reversal
        • Flag, Pennant
        • Symmetrical Triangle
        • Ascending Triangle
        • Descending Triangle
        • Rectangle
        • Price Channel
        • Measured Move—Bullish
        • Measured Move—Bearish
        • Cup With Handle
      • Chart Types
        • Arms CandleVolume
        • CandleVolume
        • Elder Impulse System
        • EquiVolume
        • Heikin-Ashi Candlesticks
        • Kagi Charts
        • Renko Charts
        • Three Line Break Charts
        • MarketCarpets
        • Relative Rotation Graphs (RRG Charts)
        • Seasonality Charts
        • Yield Curve
      • Candlestick Charts
        • Introduction to Candlesticks
        • Candlesticks and Traditional Chart Analysis
        • Candlesticks and Support
        • Candlesticks and Resistance
        • Candlestick Bullish Reversal Patterns
        • Candlestick Bearish Reversal Patterns
        • Candlestick Pattern Dictionary
      • Point and Figure Charts
        • Point and Figure Basics
          • Introduction to Point & Figure Charts
          • Point & Figure Scaling and Timeframes
          • P&F Trend Lines
        • Classic Patterns
          • P&F Bullish Breakouts
          • P&F Bearish Breakdowns
          • P&F Signal Reversed
          • P&F Catapults
          • P&F Triangles
          • P&F Bull & Bear Traps
        • P&F Price Objectives
          • P&F Price Objectives: Breakout and Reversal Method
          • P&F Price Objectives: Horizontal Counts
          • P&F Price Objectives: Vertical Counts
        • Point & Figure Indicators
        • P&F Scans and Alerts
          • P&F Pattern Alerts
      • Chart Annotation Tools
        • Andrews' Pitchfork
        • Stock Market Cycles
        • Fibonacci Retracements
        • Fibonacci Arcs
        • Fibonacci Fans
        • Fibonacci Time Zones
        • Quadrant Lines
        • Raff Regression Channel
        • Speed Resistance Lines
    • Technical Indicators & Overlays
      • Introduction to Technical Indicators and Oscillators
      • Technical Indicators
        • Accumulation/Distribution Line
        • Alligator Indicator
        • Aroon
        • Aroon Oscillator
        • ATR Bands
        • ATR Trailing Stops
        • Average Directional Index (ADX)
        • Average True Range (ATR) and Average True Range Percent (ATRP)
        • Balance of Power (BOP)
        • Bollinger BandWidth
        • %B Indicator
        • Chaikin Money Flow (CMF)
        • Chaikin Oscillator
        • Chande Trend Meter (CTM)
        • CMB Composite Index
        • Commodity Channel Index (CCI)
        • ConnorsRSI
        • Coppock Curve
        • Correlation Coefficient
        • DecisionPoint Price Momentum Oscillator (PMO)
        • Detrended Price Oscillator (DPO)
        • Distance From Highs
        • Distance From Lows
        • Distance To Highs
        • Distance To Lows
        • Distance From Moving Average
        • Ease of Movement (EMV)
        • Force Index
        • Gopalakrishnan Range Index
        • High Low Bands
        • High Minus Low
        • Highest High Value
        • Linear Regression R2
        • Lowest Low Value
        • Mass Index
        • MACD (Moving Average Convergence/Divergence) Oscillator
        • MACD-Histogram
        • MACD-V
        • MACD-V Histogram
        • Median Price
        • Money Flow Index (MFI)
        • Negative Volume Index (NVI)
        • On Balance Volume (OBV)
        • Percentage Price Oscillator (PPO)
        • Percentage Volume Oscillator (PVO)
        • Performance Spread
        • Price Relative/Relative Strength
        • Pring's Know Sure Thing (KST)
        • Pring's Special K
        • Rate of Change (ROC)
        • Relative Strength Index (RSI)
        • Relative Volume (RVOL)
        • RRG Relative Strength
        • StockCharts Technical Rank
        • Slope
        • Standard Deviation (Volatility)
        • Stochastic Oscillator (Fast, Slow, and Full)
        • StochRSI
        • Traffic Light
        • TRIX
        • True Range
        • True Strength Index
        • TTM Squeeze
        • Typical Price
        • Ulcer Index
        • Ultimate Oscillator
        • Vortex Indicator
        • Weighted Close
        • Williams %R
      • Technical Overlays
        • Anchored VWAP
        • Bollinger Bands
        • Chandelier Exit
        • Double Exponential Moving Average (DEMA)
        • Hull Moving Average (HMA)
        • Ichimoku Cloud
        • Kaufman's Adaptive Moving Average (KAMA)
        • Keltner Channels
        • Linear Regression Forecast
        • Linear Regression Intercept
        • Moving Averages—Simple and Exponential
        • Moving Average Ribbon
        • Moving Average Envelopes
        • Parabolic SAR
        • Pivot Points
        • Price Channels
        • Triple Exponential Moving Average (TEMA)
        • Volume-by-Price
        • Volume-Weighted Average Price (VWAP)
        • ZigZag
    • Market Indicators
      • Introduction to Market Indicators
        • Market Indicator Dictionary
      • Advance-Decline Line
      • Advance-Decline Percent
      • Advance-Decline Volume Line
      • Advance-Decline Volume Percent
      • Arms Index (TRIN)
      • Bullish Percent Index (BPI)
      • DecisionPoint Intermediate-Term Breadth Momentum Oscillator (ITBM)
      • DecisionPoint Intermediate-Term Volume Momentum Oscillator (ITVM)
      • DecisionPoint Swenlin Trading Oscillator (STO)
      • High-Low Index
      • High-Low Percent
      • McClellan Oscillator
      • McClellan Summation Index
      • Net New 52-Week Highs
      • Percent Above Moving Average
      • Pring's Bottom Fisher
      • Pring's Diffusion Indicators
      • Pring's Inflation and Deflation Indexes
      • Pring's Net New High Indicators
      • Put/Call Ratio
      • Record High Percent
      • Volatility Indices
    • Market Analysis
      • Dow Theory
      • Sector Rotation Analysis
      • Intermarket Analysis
      • The DecisionPoint Chart Gallery
      • DecisionPoint Rydex Asset Analysis
      • Wyckoff Analysis Articles
        • Wyckoff Market Analysis
        • Wyckoff Stock Analysis
        • The Wyckoff Method: A Tutorial
      • Elliott Wave Analysis Articles
        • Introduction to Elliott Wave Theory
        • Identifying Elliott Wave Patterns
        • Guidelines for Applying Elliott Wave Theory
    • Trading Strategies & Models
      • DecisionPoint Trend Model
      • Trading Strategies
        • Bollinger Band Squeeze
        • CCI Correction
        • CVR3 VIX Market Timing
        • Faber's Sector Rotation Trading Strategy
        • Gap Trading Strategies
        • Harmonic Patterns
        • Hindenburg Omen
        • Ichimoku Cloud Trading Strategies
        • The 'Last' Stochastic Technique
        • MACD Zero-Line Crosses With Swing Points
        • Moving Average Trading Strategies
          • Finding Support and Resistance in Moving Averages
          • Guppy Multiple Moving Average: An MA Ribbon Designed to Tip the Market’s Hand
          • How To Trade Price-to-Moving Average Crossovers
          • Trading the Bounce: Finding Support and Resistance in Moving Averages
          • Trading the Death Cross
          • Trading Using the Golden Cross
          • Using the 5-8-13 EMA Crossover for Short-Term Trades
        • Moving Momentum
        • Narrow Range Day NR7
        • Percent Above 50-day SMA
        • Percent B Money Flow
        • The Pre-Holiday Effect
        • RSI(2)
        • Six-Month Cycle MACD
        • Slope Performance Trend
        • Stochastic Pop and Drop
        • Swing Charting
        • Trend Quantification and Asset Allocation
    • Index & Market Indicator Catalog
      • Advance-Decline Indicators
      • Cboe Indices and Indicators
      • CME Futures and Spot Prices
      • DecisionPoint Sentiment Indicators
      • Dow Jones Breadth Indicators
      • Dow Jones Global Indices
      • Dow Jones Select Indices
      • Dow Jones Titans Indices
      • Dow Jones US Indices
      • Economic Indicators
      • ICE Futures and Spot Prices
      • Intellidex Indices
      • MSCI Indices
      • New 52-week Highs and Lows for Exchanges
      • NYSE Arca Equity Indices
      • NYSE Equity Indices
      • Philadelphia Indices
      • S&P 500 Sector and Industry Groups
      • S&P GSCI Indices
      • StockCharts AD Percent
      • StockCharts AD Volume Percent
      • StockCharts Bullish Percent Index
      • StockCharts High-Low Index
      • StockCharts High-Low Percent
      • StockCharts Percent Above Moving Average
      • StockCharts Pseudo Symbols
      • StockCharts Record High Percent
      • StockCharts Theoretical Indices
      • US Treasury Yields
    • 📖Glossary
      • 📖Glossary - A
      • 📖Glossary - B
      • 📖Glossary - C
      • 📖Glossary - D
      • 📖Glossary - E
      • 📖Glossary - F
      • 📖Glossary - G
      • 📖Glossary - H
      • 📖Glossary - I
      • 📖Glossary - J
      • 📖Glossary - K
      • 📖Glossary - L
      • 📖Glossary - M
      • 📖Glossary - N
      • 📖Glossary - O
      • 📖Glossary - P
      • 📖Glossary - Q
      • 📖Glossary - R
      • 📖Glossary - S
      • 📖Glossary - T
      • 📖Glossary - U
      • 📖Glossary - V
      • 📖Glossary - W
      • 📖Glossary - X, Y, Z
    • Options Glossary
    • Educational Resources
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On this page
  • DecisionPoint Market Scoreboard
  • Market Trend Charts
  • Daily Trend Analysis
  • Weekly Trend Analysis
  • Monthly Trend Analysis
  • Market Condition Charts
  • Short-Term Oscillators
  • Intermediate-Term Oscillators
  • Stocks Above Their 20-day/50-day/200-day EMA
  • PMO Signal Analysis
  • Breadth Charts
  • Advance-Decline Lines
  • Net New 52-Week Highs
  • McClellan Oscillator
  • Sentiment Charts
  • Investor Sentiment
  • Rydex Total Asset Ratio

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  2. Market Analysis

The DecisionPoint Chart Gallery

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Last updated 11 months ago

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DecisionPoint Market Scoreboard

Below is a summary of the DecisionPoint signals from the Market Trend signals.

Market Trend Charts

Daily Trend Analysis

DP Trend Model rules: If the 50-day EMA (purple) is above the 200-day EMA (blue), the long-term trend is bullish. If the 20-day EMA (green) is above the 50-day EMA (purple), the intermediate-term trend is bullish. If the 20-day EMA (green) is moving higher, the short-term trend is bullish. When the black PMO line is moving higher, the trend is bullish. If the black PMO line is above the red signal line, the trend is strongly bullish. Important: Wait until the market has closed for the day to ensure that any new signals are correct.

Weekly Trend Analysis

DP Trend Model rules: If the 17-week EMA (green) is above the 43-week EMA (purple), the long-term trend is bullish. When the black PMO line is moving higher, the trend is bullish. If the black PMO line is above the red signal line, the trend is strongly bullish. Important: Wait until the end of the week to ensure that any new signals are correct.

Monthly Trend Analysis

DP Trend Model rules: If the 6-month EMA (green) is above the 10-month EMA (purple), the very long-term trend is bullish. When the black PMO line is moving higher, the trend is bullish. If the black PMO line is above the red signal line, the trend is strongly bullish. Important: Wait until the end of the month to ensure that any new signals are correct.


Market Condition Charts

The market's overbought/oversold condition can be identified by reviewing our Short-Term Oscillators and the more stable Intermediate-Term Oscillators. Two multi-period charts are also included - one based on EMA signals and one based on PMO signals.

Short-Term Oscillators

The Swenlin Trading Oscillator for Breadth (STO-B) and the Swenlin Trading Oscillator for Volume (STO-V) provide overbought/oversold readings that are useful for roughly 1 to 2 weeks. Watch for extreme readings that signal important overbought/oversold market conditions. Also watch for divergences between the breadth-based and volume-based oscillators.

Intermediate-Term Oscillators

Stocks Above Their 20-day/50-day/200-day EMA

These indicators show the market's short-term (green), intermediate-term (red), and long-term (blue) strengths. Watch for signs of weakness in all three lines before a major market downturn.

PMO Signal Analysis

These indicators show the percentage of stocks in the index that have one of three different signals based on the PMO. "% PMO Rising" (green) gives short-term, volatile signals. "% PMO Crossover Buy" (red) gives less volatile, longer-term signals. "% PMO Above Zero" (blue) gives the longest-term signals.


Breadth Charts

Breadth Charts are generally based on statistics like Advancers vs. Decliners and New 52-Week Highs vs. New 52-Week Lows.

Advance-Decline Lines

Net New 52-Week Highs

The "Average Price Relative to 52-Week Range" indicator shows the average "position" of all the stocks that make up the index, where each stock's position is measured relative to its 52-week high and low (using a scale of 0 to 100). This indicator should also be rising when the market is moving higher.

McClellan Oscillator


Sentiment Charts

DecisionPoint uses both survey-based sentiment data and the Rydex Total Asset report as proxies for investor sentiment. Significant market tops and bottoms are normally accompanied by extremes of investor sentiment which often signal reversals. For example, market participants are extremely bullish at tops, just before the market starts to head down. Basically, once everyone gets on the bandwagon, the wheels will generally fall off.

Investor Sentiment

Sentiment data is updated on Thursdays. Bullish signals occurs if the green bars fall below 35 (green line in upper section) or if the red bars exceed -50 (green line in lower section). Bearish signals occurs if the green bars exceed 55 (red line in upper section) or if the red bars don't cross -20 (red line in the lower section).

Rydex Total Asset Ratio

Using daily data from Rydex Mutual Funds inflows and outflows, this chart measures what real investors are doing with real money based on their opinion of the market. The Rydex Total Asset Ratio (black line) is calculated by adding together Rydex Money Market Assets (green) and Rydex Bear Funds Assets (blue) and then dividing that total by Rydex Bull Funds Assets (purple). The result is then plotted on an inverse scale so that bullish readings are up and bearish readings are down.

Learn More. Check out the

Read on to learn more about all of the charts within the DecisionPoint ChartGallery, or to visit the LIVE ChartGallery now.

The , the Volume Trend Oscillator, the , and can help identify significant overbought/oversold conditions that often precede important trend changes over several weeks/months. Watch for extreme readings in these oscillators that provide "early warnings" for market turns. Also, watch for intermediate-term buy/sell signals when these oscillators cross their 10-day EMAs.

The and should confirm new market highs/lows.

The should rise when the market moves higher. When New Highs fail to confirm new highs in the index, a reversal is possible.

The reflects the short-term strength and direction of the market. Readings above zero are bullish, readings below zero are bearish. Readings above +100 or below -100 are extreme and often signal a market turn.

The provides a longer-term view. In general, if the index is rising, it is bullish, and if it is falling, bearish. Typically, the index ranges from -1000 to +1000. In the bottom panel are the two different EMAs of the (invisible) Advance/Decline ratio that are used to calculate the McClellan Oscillator. The red 39-day EMA is called the "5% Index" and the blue 19-day EMA is called the "10% Index." If both the 5% and 10% Indexes are positive, the market is strengthening. If they are both negative, it is weakening.

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Advance-Decline Line
Advancing-Declining Volume Line
Net New 52-Week Highs Indicator
McClellan Oscillator
McClellan Summation Index
Intermediate-Term Breadth Momentum oscillator (ITBM)
the Intermediate-Term Volume Momentum oscillator (ITVM)
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Price Momentum Oscillator (PMO)