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3/7/2010

March 7, 2010 Leave a comment
  
The LWX Four-Week Forecast
  
Current Status of the LWX
  
  
 
The Broad Market Volatility is below the Panic Threshold 
 The BIX (Broad Market Volatility) closed at 3 on Friday and it is below the panic threshold level of 44.  This level of the volatility indicates that the current market is bullish. 
 
 
The market is forming a short-term uptrend channel
 
The Dow Jones Wilshire 5000 is forming a 4-week uptrend channel between two yellow lines.  Currently the market is in the choppy zone of the formation.  Set guards at the both boundary of the formation for trading mode change. 
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Trend indicator: up
Momentum indicator: positive
  
Sector Ranking
 
The following table is the percentage change of sectors and major market indexes against the 89-day exponential moving average (EMA89).   The Dow Jones Wilshire 5000, as an average or a benchmark of the total market, is up 5.01%.  Outperforming sectors are Materials (up 8.59%), Internet (up 7.91%), and Real Estate (up 7.45%).  Underperforming sectors are Telecommunication (down 2.49%), Utilities (up 0.73%), and Energy (up 1.71%)The Russell 2000 small-cap (up 8.59%) is outperforming the market, and the Dow (up 3.46%) is underperforming. 
 
  
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