Over the past week of trading, there were eight sector ^BP charts that moved higher while six fell. The Bullish Percent for the Real Estate sector (^BPREAL) is within 1% of a reversal down into O’s. The average sector ^BP reading is 57.67%, down 0.34% from last week. There were three changes on the Favored Sector Spectrum over the past week.
(The DWA Technical Indicator link, found under the Indicators menu, provides valuable insight into where positive relative strength readings and positive trend charts are concentrated. RSX is the percentage of stocks within a sector whose relative strength charts are in a column of Xs. RSP is the percentage of stocks within a sector whose relative strength charts are on a buy signal. PT is the percentage of stocks within a sector that are trading above their bullish support lines and the overall trend is positive. The strongest sectors, i.e. market leaders, will have most of these indicators positive and moving higher in a column of Xs.)
Sector Bullish Percent Changes this Week:
Over the past week of trading, there were eight sector ^BP charts that moved higher while six fell. The Bullish Percent for Forest Prods/Paper ^BPFORE reversed down into O’s and moved to Bear Alert status. The Bullish Percent for the Real Estate sector ^BPREAL is within 1% of a reversal down into O’s. The average sector ^BP reading is 57.67%, down 0.34% from last week. There were three changes on the Favored Sector Spectrum over the past week. The Insurance sector remains Favored but lost a sector attribute as the ^PTINSU reversed down into O’s. Textiles moved up to Average from Unfavored as a result of the ^RSXTEXT moving back into a column of X's. The Forest Prods/Paper sector fell from Favored to Average as a result of the reversal into O’s on the ^PTFORE.
| Bear Alert |
|---|
| Forest Prods/Paper (60 O) |
| To Xs | To Os |
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| None | Real Estate ( 0.37 to 58 ) |
The average Bullish Percent reading this week is 57.67% down 0.34% from the previous week
| 0-14 | 16-20 | 22-26 | 28-32 | 34-36 | 38-42 | 44-46 | 48-52 | 54-56 | 58-62 | 64-66 | 68-72 | 74-78 | 80-86 | 88-100 |
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| Sector |
|---|
| Precious Metals (28%) - Bear Confirmed |
| Sector |
|---|
| Retailing (44%) - Bear Correction |
| Sector |
|---|
| Aerospace Airline (64%) - Bear Confirmed |
| Banks (74%) - Bull Confirmed |
| Computers (56%) - Bull Correction |
| Electronics (54%) - Bull Correction |
| Finance (62%) - Bull Correction |
| Forest Prods/Paper (60%) - Bear Alert |
| Utilities / Gas (56%) - Bear Alert |
| Insurance (68%) - Bear Alert |
| Media (52%) - Bull Correction |
| Waste Management (56%) - Bear Confirmed |
PERCENT RELATIVE STRENGTH & POSITIVE TREND UPDATE
(The DWA Technical Indicator link, found under the Database tab, provides valuable insight into where positive relative strength readings and positive trend charts are concentrated. RSX is the percentage of stocks within a sector whose relative strength charts are in a column of Xs. RSP is the percentage of stocks within a sector whose relative strength charts are on a buy signal. PT is the percentage of stocks within a sector that are trading above their bullish support lines and the overall trend is positive. The strongest sectors, i.e. market leaders, will have most of these indicators positive and moving higher in a column of Xs.)
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| ^PT Charts Reversing Up - | ^PT Charts Reversing Down - |
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| ^PT Charts Moving Higher - | ^PT Charts Moving Lower - |
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| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
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| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
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| ^RSP Charts Reversing Up - | ^RSP Charts Reversing Down - |
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| ^RSP Charts Moving Higher - | ^RSP Charts Moving Lower - |
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FAVORED SECTORS LIST
Favored Sectors are those that have three of the four charts (Relative Strength, RSX, RSP, and PT) positive. The table below contains those sectors which changed their favored status over the past week. It is best to focus on those sectors that are about 50% or lower on their Bullish Percent Readings and in a column of Xs on the bullish percent chart. Should a sector move from Favored to Average, that doesn't mean the sector has to be sold.
| Changes since 05/10/2017 |
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