Each week the analysts at DWA review and comment on all major asset classes in the global markets, this week we note a few small movements
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 |
|
52% |
|
44% |
|
84% |
|
62% |
|
54% |
| NYSE |
|
62% |
|
50% |
|
86% |
|
68% |
|
54% |
| OTC |
|
48% |
|
40% |
|
84% |
|
58% |
|
52% |
| World |
|
54% |
|
42% |
|
|
|
56% |
|
50% |
Observations:
- All major bullish percent (BP) indicators remain unchanged from last week, resting (generally) in midfield position. BPNYSE currently reads the highest at 68% in a column of Xs.
- Three of the four major positive trend (PT) indicators did not experience change since the last discussion; the lone movement came from PTWORLD as it advanced higher in a column of Xs to 48%. All other PT indicators are in a column of Xs in midfield territory.
- All major HiLo indicators remain in high field position, unchanged from last week. Although elevated, remember that these indicators can remain in high field position for extended amounts of time.
- One of the major ten-week (TW) indicators advanced higher over the past week while the other three did not experience change. Similar to the movement in the world positive trend indicator, TWWORLD ticked higher in a column of Xs to 62%.
- Rounding out the updates we find two of the four major thirty-week indicators moving higher over the past week. 30ALL and 30WORLD ticked higher in a column of Xs to 60% and 56%, respectively, while 30NYSE and 30OTC reside at 60% and 58%, respectively.
