DP Trading Room: Balance Volume (OBV) Explained | decision point
Today Carl and Erin cover the topic of Out of Balance Volume (OBV), which indicates volume trends. This came to our attention when we discovered a negative OBV divergence on the SPY chart.
Carl completes a weekly chart review of Magnificent 7 stocks to provide a mid-term picture of their strengths and weaknesses. He also tells us about his participation in IJR, a small-cap index ETF.
Carl first reviews market trends and conditions through a discussion of key DecisionPoint indicators. He covers special discussions on Bitcoin, Crude Oil, Dollar and Gold charts. Erin then looks at several sectors, focusing on regional banks (KREs).
The remainder of the program was devoted to symbol requests.
01:25 Market Overview
10:01 Magnificent 7-week chart review
13:16 OBV discussion
17:40 Small-cap stock overview
21:00 Question
25:30 Sector review and regional banks (KRE)
33.37 Symbol Request
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Useful DecisionPoint links:
trend model
Price Momentum Oscillator (PMO)
balance volume
Swenlin Trading Oscillators (STO-B and STO-V)
ITBM and ITVM
SCTR Ranking
Bear market rules
Erin Swenlin is the co-founder of the DecisionPoint.com website with her father, Carl Swenlin. She started the DecisionPoint daily blog with Carl in 2009 and currently 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 resources management from the Air Force Institute of Technology and a bachelor’s degree in mathematics from the University of Southern California. Learn more
