It was another bumpy week for our technical indicators as we saw declining positive trend and HiLo readings, but several ten-week and thirty-week charts reversed back up.
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 |
|
44% |
|
58% |
|
52% |
|
34% |
|
38% |
| NYSE |
|
60% |
|
72% |
|
68% |
|
42% |
|
48% |
| OTC |
|
48% |
|
52% |
|
44% |
|
32% |
|
42% |
| World |
|
48% |
|
56% |
|
|
|
42% |
|
52% |
Observations:
- It was another bumpy week for markets. Beginning with a look at the bullish percent (BP) indicators, we saw BPNYSE reverse back down into Os at 54% and BPWORLD fall lower in Os to 42%.
- In addition, we saw each of the positive trend (PT) readings continue down in a column of Os. PTALL, PTNYSE, PTOTC, and PTWORLD each lost 2% and now sit at 52%, 66%, 46%, and 50%, respectively.
- The major HiLo indicators also fell lower in Os; ALLHILO, NYSEHILO, and OTCHILO now read 46%, 62%, and 38%, respectively.
- However, three of the ten-week (TW) charts reversed back up into Xs. TWALL, TWNYSE, and TWOTC now sit in Xs at 40%, 48%, and 38%, respectively. TWWORLD remains in Os, falling another 2% over the past week to hit 36%.
- Finally, we saw mixed action from our thirty-week indicators. 30ALL and 30NYSE each reversed back up into Xs at 44% and 54%, respectively, while 30OTC and 30WORLD fell lower in Os to 36% and 46%, respectively.
