Each week the analysts at DWA review and comment on all major asset classes in the global markets. This week, we note generally positive developments.
Each week the analysts at DWA review and comment on all major asset classes in the global markets. Shown below is the summary or snapshot of the primary technical indicators we follow for multiple areas. Should there be changes mid-week we will certainly bring these to your attention via the report.
| Universe | BP Col & Level (actual) | BP Rev Level | PT Col & Level (actual) | PT Rev Level | HiLo Col & Level (actual) | HiLo Rev Level | 10 Week Col & Level (actual) | 10 Week Rev Level | 30 Week Col & Level (actual) | 30 Week Rev Level |
|---|---|---|---|---|---|---|---|---|---|---|
| ALL |
|
44% |
|
28% |
|
62% |
|
74% |
|
24% |
| NYSE |
|
52% |
|
30% |
|
58% |
|
78% |
|
16% |
| OTC |
|
42% |
|
28% |
|
64% |
|
72% |
|
28% |
| World |
|
50% |
|
26% |
|
|
|
64% |
|
22% |
Observations:
- We note generally positive action across the major bullish percent (BP) indicators over the past week, as BPALL and BPOTC reversed up into a column of Xs and read 50% and 48%, respectively. BPNYSE continued higher in a column of Xs to 58%, while BPWORLD remains in a column of Os at the 44% threshold.
- All major positive trend (PT) indicators ticked higher in a column of Xs. PTALL and PTOTC moved higher to 34% while PTNYSE and PTWORLD read 36% and 32%, respectively.
- All major HiLo indicators reversed up into a column of Xs last week. ALLHILO, NYSEHILO, and OTCHILO now read 68%, 64%, and 70%, respectively.
- All major ten-week indicators advanced as well, as each moved higher in a column of Xs. TWALL and TWNYSE breached the 80% threshold to read 80% and 84%, respectively. TWOTC and TWWORLD read 78% and 70%, respectively.
- Similarly, all major thirty-week indicators advanced higher in a column of Xs. 30ALL, 30NYSE, 30OTC, and 30WORLD read 30%, 22%, 34% and 28%, respectively.
