Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we note downward pressure on some of our more sensitive indicators.
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 |
|
70% |
|
64% |
|
92% |
|
78% |
|
82% |
| NYSE |
|
76% |
|
72% |
|
92% |
|
80% |
|
84% |
| OTC |
|
66% |
|
60% |
|
98% |
|
78% |
|
88% |
| World |
|
52% |
|
54% |
|
|
|
60% |
|
70% |
Observations:
- It was a trying week for the major bullish percent (BP) indicators, as three reversed down into a column of Os. BPALL, BPNYSE, and BPOTC now read 64%, 70%, and 60% in a column of Os, respectively. BPWORLD held steady in a column of Xs, remaining at 58%.
- However, all of the major positive trend (PT) indicators maintained their high field position.
- Furthermore, all of the major HiLo indicators also kept their elevated field position. ALLHILO and NYSEHILO remain in a column of Xs at 98% while OTCHILO remains steady for now in a column of Os at 92%. Keep in mind these use a 10-day moving average.
- Downward pressure got the best of the major ten-week (TW) indicators over the past week, as three reversed down into a column of Os. TWALL, TWNYSE, and TWOTC fell to 72%, 74%, and 72%, respectively. TWWORLD, like its counterpart BPWORLD, held steady in a column of Xs.
- Finally, only one of the major thirty-week indicators fell into a column of Os last week. 30OTC reversed down to 82% while all of the others held steady in a column of Xs, still in high field position.
