Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we find mixed 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% |
|
58% |
|
34% |
| NYSE |
|
58% |
|
56% |
|
86% |
|
52% |
|
26% |
| OTC |
|
54% |
|
38% |
|
84% |
|
60% |
|
40% |
| World |
|
54% |
|
38% |
|
|
|
66% |
|
36% |
Observations:
- Only one of the major bullish percent (BP) indicators experienced change over the past week. BPOTC inched lower in a column of Os to 48% while all other BP indicators remain unchanged in a column of Os near midfield position.
- Similarly, one of the major positive trend (PT) indicators moved lower on its chart last week. PTNYSE reversed down from the 56% threshold and now reads 50% in a column of Os. All other PT indicators remain in a column of Xs near midfield.
- NYSEHILO reversed back up into a column of Xs last week to join the other two HiLo indicators in high field position. ALLHILO, NYSEHILO, and OTCHILO read 90%, 92%, and 90%, respectively.
- When reviewing the ten-week (TW) indicators we find notable movement. TWALL and TWOTC edged lower in a column of Os, reading 52% and 54% now. TWWORLD reversed down into a column of Os from the 68% level and now reads 60%, while TWNYSE reversed up into a column of Xs to reach the 58% level after falling to 44% first.
- We round out our observations with all major thirty-week indicators remaining unchanged from last week, resting just beneath midfield territory.
