4/23/2010
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 4 on Friday and it is below the panic threshold level of 47. This level of the volatility indicates that the current market is bullish.
The market is in a rising wedge
The Dow Jones Wilshire 5000 is forming a 12-week rising wedge 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 7.62%. Outperforming sectors are Real Estate (up 12.58%), Banks (up 11.38%), and Semiconductors (up 10.98%). Underperforming sectors are Pharmaceuticals (down 0.96%), Biotech (down 0.27%), and Health Care (up 0.40%). The Russell 2000 small-cap (up 12.57%) is outperforming the market, and the Dow (up 5.75%) is underperforming.
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