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

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

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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