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 |
|
56% |
|
40% |
|
84% |
|
60% |
|
42% |
| NYSE |
|
54% |
|
56% |
|
86% |
|
62% |
|
36% |
| OTC |
|
54% |
|
38% |
|
84% |
|
60% |
|
44% |
| World |
|
54% |
|
40% |
|
|
|
66% |
|
40% |
Observations:
- All but one of the major bullish percent (BP) indicators remain unchanged from last week. BPNYSE reversed back up into a column of Xs from 52% and now resides just above midfield at 60%.
- Similarly, we only find one change to the major positive trend (PT) indicators this week. PTWORLD advanced in a column of Xs to the 46% level, while all other PT indicators remain near midfield territory.
- All major HiLo indicators remain unchanged from last week, still in high field position.
- Conversely, we note three of the four major ten-week indicators experience change. TWALL and TWOTC reversed up into a column of Xs while TWNYSE first advanced higher to 70%, pulled back to 62%, and then reversed back up into Xs and currently resides at 68%. TWWORLD remains in a column of Os at 60%.
- All major thirty-week indicators pushed higher in a column of Xs. 30ALL, 30NYSE, 30OTC, and 30WORLD reside at 48%, 42%, 50%, and 46%, respectively.
