Nasdaq Dorsey Wright

Over the past week of trading, 14 sector Bullish Percent charts moved higher while one moved lower. Of the 14 sector BP charts that moved higher, 10 reversed up into Xs. There were not any reversals to the downside. There were just two sector shifts on the Favored Sector Spectrum.

(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.)

Over the past week of trading, 14 sector Bullish Percent charts moved higher while one, the Bullish Percent for Savings & Loans BPSAVI, moved lower. Of the 14 sector BP charts that moved higher, 10 reversed up into Xs. There were not any reversals to the downside. There are now five sectors within 1% of a reversal to the upside: Aerospace Airline, Electronics, Utilities/Electric, Healthcare, and Software. The average sector BP level this week is 48.31%, up 2.76% from last week. There were just two sector shifts on the Favored Sector Spectrum: Previous Metals gained an attribute in its favor but is still Unfavored and the Drug sector lost an attribute, pushing it down to Unfavored status as well.

**Sector Movement**
Bear Correction	Bull Confirmed	Bull Alert
Wall Street (46 X)	Oil (46 X)	Oil Service (36 X)
Semiconductors (50 X)
Restaurants (62 X)
Real Estate (44 X)
Forest Prods/Paper (56 X)
Foods Beverages/Soap (48 X)
Chemicals (50 X)
Autos & Parts (48 X)

**Sectors within 1% to a reversal**
To Xs	To Os
Aerospace Airline ( 0.59 to 54 )	None
Electronics ( 0.77 to 46 )	None
Utilities / Electric ( 0.86 to 44 )	None
Healthcare ( 0.98 to 54 )	None
Software ( 0.89 to 50 )	None

Average Level: 48.31

The average Bullish Percent reading this week is 48.31% up 2.76% 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

**Sectors Below 30% and in a Column of O's (watch for a reversal up - Low Risk)**
Sector
Precious Metals (24%) - Bear Confirmed

**Sectors At or Below 50% and in a Column of Xs on Their Bullish Percent Charts**
Sector
Autos & Parts (48%) - Bear Correction
Building (50%) - Bear Correction
Chemicals (50%) - Bear Correction
Foods Beverages/Soap (48%) - Bear Correction
Utilities / Gas (44%) - Bear Correction
Internet (50%) - Bear Correction
Oil (46%) - Bull Confirmed
Oil Service (36%) - Bull Alert
Protection Safety Eq (50%) - Bull Alert
Real Estate (44%) - Bear Correction
Retailing (50%) - Bear Correction
Semiconductors (50%) - Bear Correction
Wall Street (46%) - Bear Correction

**Sectors At or Above 50% and in a Column of Os on Their Bullish Percent Charts (High Risk)**
Sector
Banks (66%) - Bear Confirmed
Business Products (52%) - Bear Confirmed
Gaming (64%) - Bear Confirmed
Leisure (50%) - Bear Confirmed
Savings & Loans (50%) - 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.)

**Sector Positive Trend Chart (^PT) Changes**
4 PT charts moved lower and 1 moved higher There were not any reversals Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^PT Charts Reversing Up -	^PT Charts Reversing Down -
None	None
^PT Charts Moving Higher -	^PT Charts Moving Lower -
Waste Management ^PTWAST - 58%	Aerospace Airline ^PTAERO - 70% Machinery and Tools ^PTMACH - 62% Metals Non Ferrous ^PTMETA - 54% Software ^PTSOFT - 56%

**Sector RS in Xs Chart (^RSX) Changes**
6 RSX charts moved higher and 3 moved lower RSXPREC gve a buy signal RSXDRUG gave a sell signal Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^RSX Charts Reversing Up -	^RSX Charts Reversing Down -
Electronics ^RSXELEC - 48% Gas Utilities ^RSXGUTI - 22% Oil Service ^RSXOILS - 36%	Restaurants ^RSXREST - 50% Waste Management ^RSXWAST - 46%
^RSX Charts Moving Higher -	^RSX Charts Moving Lower -
Oil ^RSXOIL - 48% Precious Metals ^RSXPREC - 40% Retailing ^RSXRETA - 56%	Drugs ^RSXDRUG - 36%

**Sector RSP Chart (^RSP) Changes**
There was not any action on any of the RSP charts Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^RSP Charts Reversing Up -	^RSP Charts Reversing Down -
None	None
^RSP Charts Moving Higher -	^RSP Charts Moving Lower -
None	None

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 04/11/2018

Full Report

Favored

Average

Unfavored

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