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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 above the Panic Threshold
The BIX (Broad Market Volatility) closed at 77 on Friday and it is above the panic threshold level of 47. The volatility level of 77 indicates that the current market is bearish.  The BIX surged to 204 on Thursday.
The market in a correction, and Wall Street gunning for stop loss 
The Dow Jones Wilshire 5000 (DWC) has declined 9.3% since the high of April 23.   It is forming a 6-month broadening triangle between two pink lines.  Currently the market is in the downtrend zone from the upper pink line towards the lower pink line. The colors on the price bars represent the status of the LWX (Leading Wave Index).   The sharp move of the market on Thursday, May 6 is also a typical Wall Street’s “Gunning for Stop Loss“.
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 down 3.11%. Outperforming sectors are Precious Metals (up 2.30%), Real Estate (up 1.67%), and Consumer Services (down 0.53%). Underperforming sectors are Biotech (down 6.93%), Materials (down 6.03%), and Energy (down 5.28%). The S&P 400 mid-cap (down 2.35%) is outperforming the market, and the S&P 500 (down 3.23%) is underperforming.   
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