Connect with us

Hi, what are you looking for?

GainThatFlavour.comGainThatFlavour.com

Editor's Pick

DP Trading Room: On-Balance Volume (OBV) Explained

Today Carl and Erin cover the topic of On-Balance Volume (OBV) as a representation of volume trends. This came to their attention as they uncovered an OBV negative divergence on the SPY chart.

Carl completes a review of the weekly charts for the Magnificent 7 stocks, giving us a more intermediate-term picture of their strength and weakness. He also enlightens us on participation within the small-cap index ETF, IJR.

Carl first reviews the market trend and condition with a discussion of key DecisionPoint indicators. He covers Bitcoin, Crude Oil, the Dollar and a special discussion on the Gold chart. Erin then goes over the sectors with a concentration on Regional Banks (KRE).

The rest of the program was devoted to symbol requests.

01:25 Market Overview

10:01 Magnificent 7 weekly chart review

13:16 OBV Discussion

17:40 Small-cap overview

21:00 Questions

25:30 Sector Review and Regional Banks (KRE)

33.37 Symbol Requests

To join us LIVE, go to the homepage for DecisionPoint.com and sign up to attend live!


Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!


Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 at checkout!


Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


(c) Copyright 2024 DecisionPoint.com


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

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

ITBM and ITVM

SCTR Ranking

Bear Market Rules


You May Also Like

Editor's Pick

The S&P 500 shall heretofore be known as an index that has broken the incredible 5,000 level. That alone is a pretty amazing milestone for...

Editor's Pick

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews why the markets continue to hit new highs while also highlighting which areas are...

Editor's Pick

Nearly two weeks ago, I was discussing in our FREE EB Digest newsletter why I felt Alphabet (GOOGL) was poised for a decline after...

Editor's Pick

Walter Olson On page 250 of his report, special counsel Robert Hur explains why it’s not inconsistent as a legal matter for the federal government...