5/15/2010
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 27 on Friday and it is below the panic threshold level of 47. The volatility level of 27 indicates that the current market is bullish.
The market in a short-term correction, but in an intermediate-term uptrend
The Dow Jones Wilshire 5000 (DWC) is in a 2-week (short-term) correction channel between two yellow lines. But it is still inside a 10-month (intermediate-term) uptrend channel between two pink 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. The colors on the price bars represent the status of the LWX (Leading Wave Index).
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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 down 0.59%. Outperforming sectors are Precious Metals (up 7.71%), Real Estate (up 4.18%), and Consumer Services (up 1.60%). Underperforming sectors are Biotech (down 5.19%), Pharmaceuticals (down 4.27%), and Health Care (down 3.77%). The Russell 2000 small-cap (up 3.17%) is outperforming the market, and the S&P 500 (down 1.15%) is underperforming.
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