Each week the analysts at DWA review and comment on all major asset classes in the global markets. This week, we note mixed action across 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 |
|
46% |
|
24% |
|
66% |
|
64% |
|
20% |
| NYSE |
|
40% |
|
24% |
|
60% |
|
66% |
|
12% |
| OTC |
|
48% |
|
24% |
|
70% |
|
64% |
|
24% |
| World |
|
50% |
|
24% |
|
|
|
56% |
|
18% |
Observations:
- All major bullish percent (BP) indicators experienced a change this week. BPALL, BPOTC, and BPWORLD reversed down into a column of Os and now read 40%, 42%, and 44%, respectively. After falling lower to 40%, BPNYSE reversed back up into Xs and now reads 46%.
- Unlike the movement seen in the BP indicators, all major positive trend (PT) indicators remain unchanged in a column of Xs, each residing at the 30% level.
- All major HiLo indicators experienced a move south over the past week, as each reversed down into a column of Os. ALLHILO, NYSEHILO, and OTCHILO read 60%, 54%, and 64% now, respectively.
- All major ten-week indicators advanced over the past week. TWALL and TWNYSE reversed up into a column of Xs and read 70% and 72%, respectively. TWOTC and TWWORLD continued higher in a column of Xs and now read 70% and 62%, respectively.
- Two of the major thirty-week indicators moved higher last week. 30ALL and 30WORLD ticked higher to 26% and 24%, respectively; 30NYSE and 30OTC remain unchanged in a column of Xs at 18% and 30%, respectively.
