Nasdaq Dorsey Wright

Over the past week of trading, 11 sector BP charts moved higher while 10 moved lower. The average sector BP level this week is 46.85%, up 0.37% from last week. There were five 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, 11 sector BP charts moved higher while 10 moved lower. BPBUIL, BPINET, and BPSEMI all reversed up into Xs while BPAUTO, BPINSU, and BPPROT reversed down into Os. At this juncture, the BP for the Machinery and Tools sector is 1% away from a reversal up into Xs while the BP for the Textiles/Apparel sector is 1% away from a reversal down into Os. The average sector BP level this week is 46.85%, up 0.37% from last week. There were five shifts on the Favored Sector Spectrum that are listed below:

Internet is now Favored as the RSXINET gave a buy signal
Textiles/Apparel remains Favored but lost an attribute as a result of the reversal into Os on the PTTEXT
Protection Safety Equipment is now Average due to the reversal into Os on the PTPROT
Oil Services has improved to Average as the RSXOILS gave a buy signal
Autos & Parts is now Unfavored due to the sell signal on the RSXAUTO

**Sector Bullish Percent Changes this Week**
Bear Confirmed	Bear Correction	Bull Correction	Bull Confirmed
Protection Safety Eq (42 O)	Semiconductors (46 X)	Insurance (50 O)	Restaurants (70 X)
Autos & Parts (44 O)	Internet (48 X)
	Building (50 X)

**Sectors within 1% to a reversal**
To Xs	To Os
Machinery and Tools ( 0.04 to 42 )	Textiles / Apparel ( 0.83 to 70 )

Average Level: 46.85

The average Bullish Percent reading this week is 46.85% up 0.37% 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
Household Goods (24%) - Bear Confirmed

**Sectors At or Below 50% and in a Column of Xs on Their Bullish Percent Charts**
Sector
Building (50%) - Bear Correction
Utilities / Electric (50%) - Bear Correction
Foods Beverages/Soap (48%) - Bear Correction
Utilities / Gas (46%) - Bear Correction
Internet (48%) - Bear Correction
Oil Service (46%) - Bull Alert
Precious Metals (30%) - Bull Alert
Real Estate (48%) - Bear Correction
Retailing (50%) - Bear Correction
Semiconductors (46%) - Bear Correction
Transports / Non Air (44%) - 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
Insurance (50%) - Bull Correction
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 fell while 2 moved higher There were two reversals into Os Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^PT Charts Reversing Up -	^PT Charts Reversing Down -
None	Protection Safety Equipment ^PTPROT - 46% Textiles/Apparel ^PTTEXT - 66%
^PT Charts Moving Higher -	^PT Charts Moving Lower -
Oil ^PTOIL - 46% Waste Management ^PTWAST - 66%	Aerospace Airline ^PTAERO - 66% Drugs ^PTDRUG - 36% Finance ^PTFINA - 54% Food Beverages/Soap ^PTFOOD - 50% Forest Prods/Paper ^PTFORE - 54% Household Goods ^PTHOUS - 42% Machinery and Tools ^PTMACH - 54% Media ^PTMEDI - 36% Semiconductors ^PTSEMI - 56% Wall Street ^PTWALL - 56%

**Sector RS in Xs Chart (^RSX) Changes**
10 RSX charts moved higher while 5 moved lower Changes in red indicate a decrease in Favored Status Attributes and green an increase.
^RSX Charts Reversing Up -	^RSX Charts Reversing Down -
Biomedics/Genetics ^RSXBIOM - 44% Finance ^RSXFINA - 46% Restaurants ^RSXREST - 52%	Leisure ^RSXLEIS - 50%
^RSX Charts Moving Higher -	^RSX Charts Moving Lower -
Gas Utilities ^RSXGUTI - 28% Internet ^RSXINET - 58% Oil ^RSXOIL - 62% Oil Service ^RSXOILS - 54% Retailing ^RSXRETA - 58% Software ^RSXSOFT - 60% Transports/Non Air ^RSXTRAN - 52%	Aerospace Airline ^RSXAERO - 56% Autos and Parts ^RSXAUTO - 42% Household Goods ^RSXHOUS - 26% Machinery and Tools ^RSXMACH - 52%

**Sector RSP Chart (^RSP) Changes**
2 RSP charts moved higher while 0 moved lower There were no 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 -
Oil ^RSPOIL - 42% Restaurants ^RSPREST - 46%	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 05/02/2018

Full Report

Favored

Average

Unfavored

Upcoming Events

REPORT

DATE