Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we note generally positive action.
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 |
|
50% |
|
32% |
|
78% |
|
78% |
|
30% |
| NYSE |
|
60% |
|
36% |
|
76% |
|
84% |
|
22% |
| OTC |
|
46% |
|
30% |
|
80% |
|
74% |
|
34% |
| World |
|
46% |
|
30% |
|
|
|
70% |
|
26% |
Observations:
- All major bullish percent (BP) indicators advanced over the past week. BPALL, BPNYSE, and BPOTC continued higher in a column of Xs and read 56%, 66%, and 52%, respectively. BPWORLD reversed up into a column of Xs and now reads 52%.
- All major positive trend (PT) indicators moved higher in a column of Xs. PTALL and PTNYSE read 38% and 42%, respectively, while PTOTC and PTWORLD each reside at the 36% level. This is the highest level for PTNYSE since February 27th of this year.
- All major HiLo indicators climbed higher as well, each breaching the 80% threshold. ALLHILO, NYSEHILO, and OTCHILO now read 84%, 82%, and 86%, respectively.
- Similarly, all major ten-week indicators pushed higher in a column of Xs. TWWORLD, TWOTC, and TWALL read 76%, 80%, and 84%, respectively, while TWNYSE reached the 90% threshold. For a recent study on TWSPX, click here.
- Rounding out the upward movement, we note all major thirty-week indicators advancing higher in a column of Xs. 30NYSE, 30WORLD, 30ALL and 30OTC read 28%, 32%, 36%, and 40%, respectively.
