4/2/2010
Current Status of the LWX (Leading Wave Index)
The LWX in Last Four Weeks (Past)
The LWX in Next Four Weeks (Forecast)
The Broad Market Volatility is below the Panic Threshold
The BIX (Broad Market Volatility) closed at 10 on Thursday 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 in an uptrend channel
The Dow Jones Wilshire 5000 is forming a 8-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: down
Momentum indicator: negative
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 5.91%. Outperforming sectors are Banks (up 9.44%), Real Estate (up 8.70%), and Consumer Services (up 8.33%). Underperforming sectors are Utilities (up 1.49%), Pharmaceuticals (up 2.08%), and Energy (up 2.58%). The S&P 400 mid-cap (up 7.55%) is outperforming the market, and the Dow (up 5.00%) is underperforming.
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