{"id":2629,"date":"2024-04-02T00:04:14","date_gmt":"2024-04-02T00:04:14","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/04\/02\/dp-trading-room-on-balance-volume-obv-explained\/"},"modified":"2024-04-02T00:04:14","modified_gmt":"2024-04-02T00:04:14","slug":"dp-trading-room-on-balance-volume-obv-explained","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/04\/02\/dp-trading-room-on-balance-volume-obv-explained\/","title":{"rendered":"DP Trading Room: On-Balance Volume (OBV) Explained"},"content":{"rendered":"
\n

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.<\/p>\n

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.<\/p>\n

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).<\/p>\n

The rest of the program was devoted to symbol requests.<\/p>\n

01:25 Market Overview<\/p>\n

10:01 Magnificent 7 weekly chart review<\/p>\n

13:16 OBV Discussion<\/p>\n

17:40 Small-cap overview<\/p>\n

21:00 Questions<\/p>\n

25:30 Sector Review and Regional Banks (KRE)<\/p>\n

33.37 Symbol Requests<\/p>\n

To join us LIVE, go to the homepage for DecisionPoint.com and sign up to attend live!<\/p>\n

<\/div>\n<\/p>\n

<\/h4>\n

Watch the latest episode of the DecisionPoint<\/em>Trading Room<\/em> on DP\u2019s YouTube channel <\/strong>here<\/strong><\/a>!<\/strong><\/h4>\n<\/p>\n

<\/a><\/p>\n

Try us out for two weeks with a trial subscription!<\/h2>\n

Use coupon code: DPTRIAL2 at checkout!<\/h2>\n

Technical Analysis is a windsock, not a crystal ball. \u2013Carl Swenlin<\/strong><\/p>\n

(c) Copyright 2024 DecisionPoint.com<\/strong><\/p>\n

Disclaimer:\u00a0This blog is for educational purposes only and should not be construed as financial advice. The ideas and\u00a0strategies should never be used without first assessing your own personal and financial situation, or without consulting a\u00a0financial professional.\u00a0Any opinions expressed herein are solely\u00a0those of the author, and do not in any way represent the views or opinions of any other person or entity.<\/em><\/strong><\/p>\n

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.<\/em><\/strong><\/p>\n

Helpful DecisionPoint Links:<\/strong><\/p>\n

Trend Models<\/strong><\/a><\/p>\n

Price Momentum Oscillator (PMO)<\/strong><\/a><\/p>\n

On Balance Volume<\/strong><\/a><\/p>\n

Swenlin Trading Oscillators (STO-B and STO-V)<\/strong><\/a><\/p>\n

ITBM<\/strong><\/a> and <\/strong>ITVM<\/strong><\/a><\/p>\n

SCTR Ranking<\/strong><\/a><\/p>\n

Bear Market Rules<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":0,"featured_media":2630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=2629"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/2630"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=2629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=2629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=2629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}