6/11/2010
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 13 on Friday and it is below the panic threshold level of 47. The volatility level of 13 indicates that the current market is bullish.
Testing the 6-week downtrend line
The Dow Jones Wilshire 5000 (DWC) is testing the 6-week downtrend line (yellow line). The market should set up for a summer rally once the DWC breaks the downtrend line to the upside. But please keep in mind that historically the summer rally is the weakest rally of all seasons. Currently the market is in the uptrend zone. The colors on the price bars represent the status of the LWX (Leading Wave Index).
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Trend indicator: up
Momentum indicator: possitive
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 2.82%. Outperforming sectors are Real Estate (up 2.78%), Precious Metals (up 2.34%), and Internet (up 0.58%). Underperforming sectors are Biotech (down 6.29%), Banks (down 5.31%), and Pharmaceuticals (down 4.26%). The S&P 400 mid-cap (down 1.29%) is outperforming the market, and the S&P 500 (down 3.11%) is underperforming.
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