Each week we review and comment on all major asset classes in the global markets, this week we note continued weakness on a majority of the major 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 |
|
58% |
|
68% |
|
78% |
|
52% |
|
80% |
| NYSE |
|
66% |
|
72% |
|
82% |
|
64% |
|
86% |
| OTC |
|
54% |
|
64% |
|
74% |
|
48% |
|
78% |
| World |
|
56% |
|
54% |
|
|
|
62% |
|
70% |
Observations:
- It was another week of downward pressure on the major bullish percent (BP) indicators. BPALL, BPNYSE, and BPOTC all continued lower in a column of Os to 52%, 60%, and 48%, respectively, while BPWORLD reversed down into Os and now reads 50%. Note that with today's intraday action, the BPNYSE reading currently sits at 66.68% so this chart will most likely reverse up into a column of Xs after market close.
- Two of the major positive trend (PT) indicators reversed down into Os this week however they remain well above the "healthy" 50% level. PTALL and PTOTC reversed down and now read 62% and 58%, respectively. PTNYSE and PTWORLD remain in a column of Xs north of 50%.
- All of the major HiLo indicators continued to roll over as well, with ALLHILO, NYSEHILO, and OTCHILO falling in Os to 72%, 76%, and 68%, respectively.
- We saw mixed movement across the ten-week (TW) indicators. TWALL reversed down into Os and then back up into Xs, now reading 58% while TWOTC fell lower into Os earlier in the week and later reversed up to end in Xs at 54%. TWNYSE and TWWORLD sit in Xs at 70% and 56%, steady from last week.
- Finally, a majority of the major thirty-week indicators also saw sustained weakness over the past week. 30ALL, 30NYSE, and 30OTC continued down in a column of Os to 74%, 80%, and 72%, respectively. 30WORLD held steady in a column of Xs at 76%.
