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 |
|
46% |
|
50% |
|
80% |
|
58% |
|
62% |
| NYSE |
|
52% |
|
56% |
|
80% |
|
58% |
|
68% |
| OTC |
|
44% |
|
40% |
|
80% |
|
60% |
|
60% |
| World |
|
42% |
|
42% |
|
|
|
54% |
|
60% |
Observations:
- Only one of the major bullish percent (BP) indicators experienced a change last week. BPOTC ticked higher in a column of Xs to 50% and all others remained steadfast in a column of Xs around midfield territory.
- Similarly, none of the major positive trend (PT) indicators experienced material movement, as each remains just below or at midfield territory. Note PTNYSE is currently in a column of Os yet near 1% of reversing back up into a column of Xs.
- Contrarily, all of the major HiLo indicators continued higher in a column of Xs last week, each sitting at the 86% level now. Note these readings use a 10-day moving average.
- In different fashion, all of the major ten-week (TW) indicators rolled over into a column of Os last week. TWALL and TWNYSE now read 52% in a column of Os while TWOTC and TWWORLD sit at 54% and 48%, respectively.
- None of the major thirty-week indicators saw movement, each remaining above the 65% threshold.
