It was a positive week for a majority of our major technical indicators. BPNYSE reversed back up into Xs and we saw broader advances from our ten-week readings.
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 |
|
50% |
|
62% |
|
58% |
|
32% |
|
42% |
| NYSE |
|
50% |
|
74% |
|
72% |
|
38% |
|
56% |
| OTC |
|
48% |
|
56% |
|
48% |
|
30% |
|
44% |
| World |
|
54% |
|
54% |
|
|
|
46% |
|
60% |
Observations:
- It was a positive week for a majority of our major technical indicators. Beginning with the bullish percents, we saw BPNYSE reverse back up into Xs at 56% while BPALL, BPOTC, and BPWORLD held steady in Os just beneath the 50-yard line.
- We did not see any changes in the major positive trend (PT) charts. PTWORLD remains the lone PT indicator in a column of Xs, but each remains at or above the 50% line.
- However, each of the HiLo charts reversed back up into Xs; ALLHILO, NYSEHILO, and OTCHILO now read 64%, 78%, and 54%, respectively.
- Two of the ten-week (TW) readings also edged higher this week. TWALL and TWNYSE ticked up in Xs to 38% and 44%, respectively, while TWOTC and TWWORLD held steady from last week.
- Finally, we saw a single advance from the thirty-week indicators; 30NYSE ticked higher to 62%. 30ALL, 30OTC, and 30WORLD held steady at 48%, 38%, and 54%, respectively.
