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5/22/2010

 
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 above the Panic Threshold
The BIX (Broad Market Volatility) closed at 120 on Friday and it is above the panic threshold level of 47. The volatility level of 120 indicates that the current market is bearish.
 
 
The market in a 7-month broadening triangle pattern
The Dow Jones Wilshire 5000 (DWC) is in a 7-month broadening triangle pattern.  The market has been in a very volatile storm for last three weeks.  The strong volatility storm with the first sharp drop of the market in the first week of this month acted like the front eyewall of a hurricane.  The rebonce in the second week of this month acted like the eye of a hurricane that looked like the storm was over.  But the market gave us another strong volotility storm this week.  It acted like the back eyewall of a hurricane.  Now the market could be in the last part of the storm.  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).
 —————————————————————————————————————————————–
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 4.76%. Outperforming sectors are Real Estate (down 0.96%), Consume Services (down 1.92%), and Precious Matels (down 2.47%). Underperforming sectors are Biotech (down 8.68%), Energy (down 8.12%), and Materials (down 7.91%). The Russell 2000 small-cap (down 3.40%) is outperforming the market, and the S&P 500 (down 4.95%) is underperforming.   
 
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