Nasdaq Dorsey Wright

Over the past week of market action, 16 sector BP charts moved higher while three moved lower. Currently, the Bullish Percent for the Internet sector is within 1% of a reversal down into Os. The average sector BP reading this week is 48.09%, down 0.22%. There were four shifts on the Favored Sector Spectrum this week, three of which were to the upside.

(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 market action, 16 sector BP charts moved higher while three moved lower. 10 sector BP charts reversed up into Xs while three reversed down into Os. Currently, the Bullish Percent for the Internet sector is within 1% of a reversal down into Os. The average sector BP reading this week is 48.09%, down 0.22%. There were four shifts on the Favored Sector Spectrum this week, three of which were to the upside while one, the Drugs sector, moved lower. Leisure is now average up from unfavored, while both the Protection Safety Equipment and Oil sectors moved to favored. The Drugs sector remains unfavored.

**Sectors within 1% to a reversal**
To Xs	To Os
None	Internet ( 0.8 to 44 )

Average Level: 48.09

The average Bullish Percent reading this week is 48.09% down 0.22% 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
None

**Sectors At or Below 50% and in a Column of Xs on Their Bullish Percent Charts**
Sector
Autos & Parts (50%) - Bear Correction
Electronics (46%) - Bear Correction
Utilities / Electric (44%) - Bear Correction
Foods Beverages/Soap (48%) - Bear Correction
Utilities / Gas (46%) - Bear Correction
Internet (50%) - Bear Correction
Oil Service (40%) - Bull Alert
Precious Metals (30%) - Bull Alert
Protection Safety Eq (50%) - Bull Alert
Real Estate (44%) - Bear Correction
Retailing (50%) - Bear Correction
Software (50%) - Bear Correction
Transports / Non Air (42%) - Bear Correction
Waste Management (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
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 while 2 moved higher PTOIL reversed up into Xs Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^PT Charts Reversing Up -	^PT Charts Reversing Down -
Oil ^PTOIL - 44%	None
^PT Charts Moving Higher -	^PT Charts Moving Lower -
Protection Safety Equipment ^PTPROT - 54%	Building ^PTBUIL - 58% Household Goods ^PTHOUS - 48% Leisure ^PTLEIS - 64% Savings & Loans ^PTSAVI - 80%

**Sector RS in Xs Chart (^RSX) Changes**
9 RSX charts moved higher while 3 moved lower. RSXOIL and RSXPROT moved to a buy signal Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^RSX Charts Reversing Up -	^RSX Charts Reversing Down -
Forest Prods/Paper ^RSXFORE - 52% Real Estate ^RSXREAL - 20% Savings & Loans ^RSXSAVI - 50% Steel/Iron ^RSXSTEE - 58%	Household Goods ^RSXHOUS - 30% Semiconductors ^RSXSEMI - 48%
^RSX Charts Moving Higher -	^RSX Charts Moving Lower -
Gas Utilities ^RSXGUTI - 24% Oil ^RSXOIL - 58% Oil Service ^RSXOILS - 46% Precious Metals ^RSXPREC - 42% Protection Safety Equipment ^RSXPROT - 54%	Restaurants ^RSXREST - 46%

**Sector RSP Chart (^RSP) Changes**
4 RSP charts moved higher while 2 moved lower RSPDRUG reversed into Os RSPLEIS reversed into Xs Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^RSP Charts Reversing Up -	^RSP Charts Reversing Down -
Leisure ^RSPLEIS - 50%	Drugs ^RSPDRUG - 36%
^RSP Charts Moving Higher -	^RSP Charts Moving Lower -
Business Products ^RSPBUSI - 52% Oil ^RSPOIL - 38% Protection Safety Equipment ^RSPPROT - 40%	Household Goods ^RSPHOUS - 42%

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 04/18/2018

Full Report

Favored

Average

Unfavored

Upcoming Events

REPORT

DATE