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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 7 on Friday and it is below the panic threshold level of 47. The volatility level of 7 indicates that the current market is bullish.
Market in a falling wedge
The Dow Jones Wilshire 5000 (DWC) is forming a 3-month Falling Wedge pattern (between two yellow lines) inside a 16-month uptrend channel (between two red lines). The falling wedge is typically a bullish pattern. But the bullish bias can not be realized until a resistance breakout from the upper boundary of the wedge. Currently the market is still in the choppy zone inside the falling wedge. The colors on the price bars represent the status of the LWX (Leading Wave Index).
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 3.93%. Outperforming sectors are Utilities (up 0.64%), Consumer Goods (down 0.85%), and Internet (down 1.35%). Underperforming sectors are Biotech (down 6.86%), Banks (down 6.59%), and Energy (down 5.83%). The Dow blue-chip (down 2.44%) is outperforming the market, and the Russell 2000 small-cap (down 6.23%) is underperforming.  
The Chinese Market
The following chart is a weekly chart of the Shanghai Stock Exchange Composite Index. Since the dead cross in the early of this year, the Chinese market has been in a downtrend by staying under the 17-week moving average. It is currently in a 12-month downtrend channel (between two blue lines), and is in a choppy zone of the channel between 2250 and 3000.

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