Index Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
OMRX Mortgage Bond Index (NASDAQ:OMRXMORT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OMRXMORT
The long term trend has been UP since Jan 2nd, 2019 at 6111.38
The intermediate term trend has been UP since Apr 25th, 2019 at 6139.40
The short term trend has been DOWN since May 20th, 2019 at 6159.80
Smart Scan Analysis for OMRXMORT
Based on a pre-defined weighted trend formula for chart analysis, OMRXMORT scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).