Nasdaq Dorsey Wright

Over the past week of trading, six sector BP charts moved higher while nine moved lower. The average sector BP level this week is 46.48%, down 1.61% from last 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.)

Over the past week of trading, six sector BP charts moved higher while nine moved lower. There were not any reversals up into Xs however there were five (BPAERO, BPELEC, BPFORE, BPINET, and BPMACH) that reversed down into Os. The average sector BP level this week is 46.48%, down 1.61% from last week. There were four shifts on the favored sector spectrum, three of which were to the downside. The following sectors are now average, down from favored: Machinery and Tools, Internet, and Computers. Oil Service remains unfavored but gained a sector attribute in its favor.

**Sector Bullish Percent Changes this Week**
Bear Confirmed
Machinery and Tools (38 O)
Internet (40 O)
Forest Prods/Paper (46 O)
Electronics (38 O)
Aerospace Airline (48 O)

**Sectors within 1% to a reversal**
To Xs	To Os

Average Level: 46.48

The average Bullish Percent reading this week is 46.48% down 1.61% 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
Utilities / Electric (48%) - Bear Correction
Foods Beverages/Soap (48%) - Bear Correction
Utilities / Gas (46%) - Bear Correction
Oil Service (44%) - Bull Alert
Precious Metals (30%) - Bull Alert
Protection Safety Eq (50%) - Bull Alert
Real Estate (46%) - Bear Correction
Retailing (50%) - Bear Correction
Transports / Non Air (42%) - Bear Correction
Waste Management (48%) - 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
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**
12 PT charts moved lower while 2 moved higher PTOILS reversed up into Xs PTCOMP and PTINET reversed down into Os Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^PT Charts Reversing Up -	^PT Charts Reversing Down -
Oil Service ^PTOILS - 36%	Computers ^PTCOMP - 48% Internet ^PTINET - 48%
^PT Charts Moving Higher -	^PT Charts Moving Lower -
Waste Management ^PTWAST - 60%	Aerospace Airline ^PTAERO - 68% Banks ^PTBANK - 78% Biomedics/Genetics ^PTBIOM - 36% Building ^PTBUIL - 56% Drugs ^PTDRUG - 38% Forest Prods/Paper ^PTFORE - 56% Household Goods ^PTHOUS - 46% Machinery and Tools ^PTMACH - 56% Metals Non Ferrous ^PTMETA - 52% Wall Street ^PTWALL - 58%

**Sector RS in Xs Chart (^RSX) Changes**
8 sector RSX charts fell and 5 moved higher RSXMACH moved to 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 -
None	Aerospace Airline ^RSXAERO - 58%
^RSX Charts Moving Higher -	^RSX Charts Moving Lower -
Chemicals ^RSXCHEM - 44% Oil ^RSXOIL - 60% Oil Service ^RSXOILS - 50% Real Estate ^RSXREAL - 22% Transports/Non Air ^RSXTRAN - 50%	Building ^RSXBUIL - 46% Drugs ^RSXDRUG - 34% Household Goods ^RSXHOUS - 28% Machinery and Tools ^RSXMACH - 54% Media ^RSXMEDI - 32% Metals Non Ferrous ^RSXMETA - 44% Semiconductors ^RSXSEMI - 44%

**Sector RSP Chart (^RSP) Changes**
3 RSP charts fell while 3 moved higher There were not any column reversals 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 -
Gaming ^RSPGAME - 82% Oil ^RSPOIL - 40% Restaurants ^RSPREST - 42%	Autos and Parts ^RSPAUTO - 46% Household Goods ^RSPHOUS - 40% Semiconductors ^RSPSEMI - 52%

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 04/25/2018

Full Report

Favored

Average

Unfavored

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