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 |
|
52% |
|
44% |
|
84% |
|
62% |
|
52% |
| NYSE |
|
62% |
|
50% |
|
86% |
|
68% |
|
54% |
| OTC |
|
48% |
|
40% |
|
84% |
|
58% |
|
52% |
| World |
|
54% |
|
40% |
|
|
|
54% |
|
48% |
Observations:
- Three of the four major bullish percent (BP) indicators moved higher over the past week. BPALL and BPOTC reversed up into a column of Xs and now read 58% and 54%, respectively. BPNYSE continued higher in a column of Xs to 68% while BPWORLD remained at 48%.
- Similarly, three of the four major positive trend (PT) indicators moved higher over the past week. PTNYSE reversed up into a column of Xs to read 56% while PTALL and PTOTC advanced higher in a column of Xs to 50% and 46%, respectively.
- ALLHILO and NYSEHILO remain unchanged from last week; however, OTCHILO reversed up into a column of Xs to read 90%, joining the ALLHILO and NYSEHILO in high field position.
- All major ten-week (TW) indicators reversed up into a column of Xs. TWALL, TWNYSE, TWOTC, and TWWORLD now read 68%, 74%, 64%, and 60%, respectively.
- Rounding out the bullish action, we find that all thirty-week indicators also advanced higher. 30ALL, 30NYSE, 30OTC, and 30WORLD read 58%, 60%, 58%, and 54%, respectively.
