6/26/2010
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 22 on Friday and it is below the panic threshold level of 47. The volatility level of 22 indicates that the current market is bullish.
Forming an uptrend channel
The Dow Jones Wilshire 5000 (DWC) is forming a 3-week uptrend cannel between two yellow lines. A summer rally is still projected towards the late of July or the early of August, although historically it is the weakest rally of all seasons. Currently the market is in the choppy 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 3.67%. Outperforming sectors are Precious Metals (up 7.40%), Real Estate (up 1.13%), and Internet (down 1.52%). Underperforming sectors are Energy (down 6.40%), Consumer Services (down 4.56%), and Banks (down 4.36%). The Nasdaq 100 (down 2.48%) is outperforming the market, and the S&P 500 (down 3.97%) is underperforming.
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