Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we note relatively muted action as each of the major indicators discussed remains in an offensive posture.
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 |
|
58% |
|
54% |
|
90% |
|
76% |
|
74% |
| NYSE |
|
68% |
|
64% |
|
92% |
|
80% |
|
80% |
| OTC |
|
56% |
|
50% |
|
90% |
|
74% |
|
70% |
| World |
|
52% |
|
50% |
|
|
|
68% |
|
66% |
Observations:
- Only one of the major bullish percent (BP) indicators advanced over the past week; BPOTC ticked higher in a column of Xs to 62%. All of the other major BP indicators remain above midfield in a column of Xs.
- None of the major positive trend (PT) indicators experienced change over the previous week, as each also remains above midfield in a column of Xs.
- Similarly, none of the major HiLo indicators saw material movement as each remains in high field position in a column of Xs.
- All of the ten-week (TW) indicators also reside in high field position in a column of Xs, unchanged from last week's reading.
- However, we do note one of the major thirty-week indicators advancing higher in a column of Xs; 30ALL ticked up to 80%.
