Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
OMRX Mortgage Bond All Index (NASDAQ:OMRXMORTALL)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 OMRXMORTALL
The long term trend has been DOWN since Oct 24th, 2019 at 643.55
The intermediate term trend has been DOWN since Oct 11th, 2019 at 646.85
The short term trend has been DOWN since Nov 22nd, 2019 at 642.71
Smart Scan Analysis for OMRXMORTALL
Based on a pre-defined weighted trend formula for chart analysis, OMRXMORTALL scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).