6/19/2010
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 1 on Friday and it is below the panic threshold level of 47. The volatility level of 1 indicates that the current market is bullish.
In a new uptrend
The Dow Jones Wilshire 5000 (DWC) has broken the 6-week downtrend line (yellow line). The market is in a new uptrend for a summer rally towards the end of July. 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 0.42%. Outperforming sectors are Precious Metals (up 7.97%), Real Estate (up 4.47%), and Utilities (up 2.17%). Underperforming sectors are Banks (down 3.07%), Biotech (down 2.58%), and Pharmaceuticals (down 2.58%). The Nasdaq 100 (up 1.38%) is outperforming the market, and the S&P 500 (down 0.66%) is underperforming.
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