Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we note relatively muted movements.
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 |
|
60% |
|
56% |
|
90% |
|
76% |
|
74% |
| NYSE |
|
68% |
|
66% |
|
92% |
|
80% |
|
80% |
| OTC |
|
58% |
|
52% |
|
90% |
|
74% |
|
70% |
| World |
|
56% |
|
50% |
|
|
|
74% |
|
68% |
Observations:
- One of the major bullish percent (BP) indicators reversed down into a column of Os this week. BPWORLD reversed into a column of Os from the 58% level to 50%. All other major bullish percent indicators remain unchanged.
- However, all of the major positive trend (PT) indicators remain steady, each residing above midfield territory.
- Furthermore, all of the major HiLo indicators remain in high field position. In fact, as of 12/28 we’ve had 30 straight trading days with the ^NYSEHILO printing a one day reading greater than 90%. To review our recent study on this, click here.
- None of the major ten-week (TW) indicators experienced material movement either. TWALL, TWNYSE, and TWOTC remain elevated in a column of Xs while TWWORLD sits in a column of Os at 68%.
- Lastly, all of the major thirty-week indicators remain unchanged from last week, each in a column of Xs in high field position.
