4/30/2010
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 21 on Friday and it is below the panic threshold level of 47. This level of the volatility indicates that the current market is bullish. However, the volatility starts increasing.
The market broke down the rising wedge
The Dow Jones Wilshire 5000 (DWC) has broken the 12-week rising wedge between two yellow lines to the downside. Currently the market is in the downtrend zone from the upper pink channel line towards the lower pink channel line. The colors on the price bars present the status of the LWX (Leading Wave Index). All five prie bars in this past week are red that flags the market bearish ahead.
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Trend indicator: down
Momentum indicator: negatve
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 4.14%. Outperforming sectors are Real Estate (up 9.48%), Consumer Services (up 7.02%), and Precious Metal (up 6.93%). Underperforming sectors are Pharmaceuticals (down 0.96%), Health Care (down 0.71%), and Biotech (down 0.40%). The Russell 2000 small-cap (up 7.54%) is outperforming the market, and the Dow (up 3.39%) is underperforming.
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