Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we note generally muted 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 |
|
56% |
|
40% |
|
84% |
|
62% |
|
34% |
| NYSE |
|
58% |
|
50% |
|
90% |
|
62% |
|
30% |
| OTC |
|
56% |
|
38% |
|
84% |
|
62% |
|
40% |
| World |
|
54% |
|
38% |
|
|
|
68% |
|
40% |
Observations:
- All major bullish percent (BP) indicators continued lower over the past week, hovering around midfield. BPALL and BPOTC reside at 50% while BPNYSE and BPWORLD reside at 52% and 48%, respectively.
- All major positive trend (PT) indicators remain unchanged; each resides in a column of Xs around midfield.
- NYSEHILO reversed down into Os from high field position and now reads 84% while ALLHILO and OTCHILO remain unchanged from last week in a column of Xs at 90%.
- We note a number of movements across the major ten-week (TW) indicators. After TWALL, TWNYSE, and TWOTC moved lower in a column of Os earlier in the week, each reversed back up into Xs and now reads 68%. TWWORLD remains in a column of Os and moved lower to 62%.
- Most of the major thirty-week indicators remain unchanged from last week. The lone alteration comes from 30NYSE, as it reversed down into Os and now reads 24%.
