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Rising Dollar Logs New PMO BUY Signal - IT Picture Bullish

Erin Swenlin

Erin Swenlin

Co-Founder, DecisionPoint.com

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The Dollar has been plugging along quietly in a gently rising trend channel, while the Price Momentum Oscillator (PMO) has moved right along with it. A little over a week ago, the PMO crossed below its signal line and logged a PMO SELL signal. Today's rally saw an intraday high that hasn't been reached since early 2017, so it wasn't a surprise to see the PMO accelerate above its signal line for a new BUY signal.



I'm liking this BUY signal. The PMO, although logging a recent SELL signal, is trending higher. Peaks have been steadily increasing and bottoms are also rising. This last PMO bottom came close to going below its previous, but ultimately it wound up higher. Hard to argue with that beautiful rising trend channel alongside healthy SCTR and OBV readings.

The intermediate-term picture is also bullish. The PMO is rising nicely and isn't overbought. I'm looking for UUP to reach $26.75 next year, if not before.


Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin


Helpful DecisionPoint Links:

Erin's PMO Scan

DecisionPoint Shared ChartList and DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking


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Erin Swenlin
About the author: is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California. Learn More