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6/5/2010

 
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 16 on Friday and it is below the panic threshold level of 47. The volatility level of 16 indicates that the current market is bullish.
 
 
The market in a 7-month broadening triangle pattern
The Dow Jones Wilshire 5000 (DWC) is in a 7-month broadening triangle pattern between two pink lines.  Currently the market is in the choppy zone of a converged triangle between the yellow line and the lower pink line. 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 5.74%. Outperforming sectors are Precious Metals (down 1.26%), Internet (down 1.59%), and Consumer Services (down 2.60%). Underperforming sectors are Materials (down 9.61%), Energy (down 9.11%), and Pharmaceuticals (down 8.12%). The Nasdaq 100 (down 3.34%) is outperforming the market, and the S&P 500 (down 6.04%) is underperforming.   
 
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