Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we note a few minor 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% |
|
88% |
|
64% |
|
54% |
| NYSE |
|
62% |
|
50% |
|
92% |
|
72% |
|
58% |
| OTC |
|
48% |
|
40% |
|
88% |
|
62% |
|
52% |
| World |
|
54% |
|
42% |
|
|
|
56% |
|
52% |
Observations:
- It was another quiet week for the major bullish percent (BP) indicators, as none experienced material movement/reversals. BPNYSE sits the highest of the four, currently just below the 70% line of demarcation.
- Similarly, no movements/column changes are recorded for the major positive trend (PT) indicators as each remains around midfield territory.
- As for the HiLo indicators, we do note some downside action. ALLHILO ticked lower in a column of Os to 82% while NYSEHILO actually reversed down into a column of Os to 86%. Note that NYSEHILO remains in high field position, which is encouraging, but watch for any further deterioration as potential/early warning signs. OTCHILO did not experience change and remains in a column of Os at 82%.
- The lone major ten-week (TW) change came from the TWNYSE indicator. After a brief move higher into Xs, TWNYSE reversed down into a column of Os to 66%. The only major ten-week indicator remaining in a column of Xs now is TWWORLD.
- Rounding out the indicators covered in this report we note a minor change in the thirty-week for the NYSE, 30NYSE, as it pushed higher in a column of Xs to 64%. All other thirty-week indicators remain unchanged.
