Each week the analysts at DWA review and comment on all major asset classes in the global markets. This week, we note continued upward movement across the 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 |
|
60% |
|
40% |
|
82% |
|
84% |
|
46% |
| NYSE |
|
74% |
|
50% |
|
84% |
|
90% |
|
44% |
| OTC |
|
54% |
|
38% |
|
84% |
|
82% |
|
46% |
| World |
|
54% |
|
38% |
|
|
|
76% |
|
36% |
Observations:
- All major bullish percent (BP) indicators moved significantly higher over the past week. BPOTC and BPWORLD reside in a column of Xs at 60% while BPALL and BPNYSE] read 66% and 80%, respectively.
- All major positive trend (PT) indicators also moved higher in a column of Xs last week. PTOTC and PTWORLD read 44% while PTALL and PTNYSE reside at 46% and 56%, respectively.
- All major HiLo indicators pushed higher, as NYSEHILO and OTCHILO each resides at the 90% level now. ALLHILO reads 88%.
- All major ten-week indicators also moved higher over the past week, with two breaching the 90% threshold. TWALL and TWNYSE read 90% and 96%, respectively, while TWOTC and TWWORLD read 88% and 82%, respectively.
- Finally, the upward movement carried over to all major thirty-week indicators as each advanced in a column of Xs. 30ALL and 30OTC both sit at the 52% level while 30NYSE and 30WORLD read 50% and 42%, respectively.
