7/3/2010
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 88 on Friday and it is above the panic threshold level of 47. The volatility level of 88 indicates that the current market is bearish.
Market in Correction
The Dow Jones Wilshire 5000 (DWC) continues its correction to form a 16-month uptrend channel defined between two red lines. Currently the market is in the downtrend zone. The colors on the price bars represent the status of the LWX (Leading Wave Index).
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Trend indicator: down
Momentum indicator: negative
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 8.09%. Outperforming sectors are Precious Metals (down 1.29%), Telecommunication (down 3.72%), and Utilities (down 4.05%). Underperforming sectors are Banks (down 11.33%), Materials (down 10.52%), and Energy (down 10.49%). The Dow large-cap (down 6.76%) is outperforming the market, and the Russell 2000 small-cap (down 8.86%) is underperforming.
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