Lange termijn indicatoren

Status

Deze week

Vorige week

Verandering

EU BP
NYSE BP
OTC BP
Optional BP
NYSE Stocks above 30 wk MA
OTC Stocks above 30 wk MA

X's
X's
O's
X's
X's
X's

52.50%
52.70%
41.40%
47.90%
53.70%
44.30%

50.40%
48.60%
37.50%
38.50%
38.50%
34.70%

2.10%
4.10%
3.90%
9.40%
15.20%
9.60%

Offensief
Offensief
Defensief
Offensief
Offensief
Offensief

Korte termijn indicatoren

NYSE Stocks above 10 wk MA
OTC Stocks above 10 wk MA
NYSE High-Low index
OTC High-Low index

X's
X's
X's
X's

73.70%
56.60%
85.20%
46.50%

44.60%
34.30%
78.90%
33.40%

29.10%
22.30%
6.30%
13.10%

Offensief
Offensief
Offensief
Offensief

Obligatieindicator (lange termijn)

30-jarige treasury bonds

X's

112.04

111.16

0.88

Offensief

Strategie: STUCK IN THE MIDDLE WITH YOU
Things certainly look much brighter than a few weeks ago. Thanks to last week's action all but one of our indicators have reversed up and are now in X's.
The buyers are in control and when we look at the movement for the individual sectors we see an impressive number of sector indices that reversed from O's to X's this week. This is also a sign of good health for the market. This broad based reversal of sectors indicates that the upwards movement is supported not only by a few stocks or sectors but is carried by a major part of the market.

During the last months we have seen a sideways movement in the market. Both with respect to our indicators as well as the major stock indices. There is no clear direction up or down, and this sideways movement tells us that the final battle between supply and demand still has to come. Clearly the overall picture is significantly more positive than some weeks ago. In addition the level of our indicators is in the middle which means that the field position is good.

We wait for the decision regarding the market direction. When that is known we will take immediate action.

Average level: 46.16 (previous 37.98) 

Sector development last week:
Change of status up: Insurance, Aerospace/Airline, Chemicals, Household Products, Autos & Parts, Oil, Business Products, Restaurant, Telephone, Textiles, Transport/Non Air, Real Estate, Media, Electronics, Metals (Non Ferrous), Banks, Protection & Safety, Retail, Leisure, Wall Street, Building, Gaming
Change of status down: None

Market sentiment: There have been material changes to both market indexes and market indicators over the past week. US Equity benchmarks are up roughly 4% on average from last Wednesday's close, and market bullish percents are generally in X's today, whereas they were generally in O's at this point last week. The primary "coach" we employ is the NYSE Bullish Percent, which has indeed moved into X's and thus onto offense. Furthermore, we've seen the new offensive drive already surpass that of its predecessor, as the BPNYSE has moved into Bull Confirmed status.

Sector Sentiment: It was an active week in the sector BP charts with 31 charts changing over the past week. With all of the action over the past week 30 sectors are now in a column of Xs which is up 23 from last week. The majority of the activity was to the upside with 29 bullish percent charts moving higher and only 2 moving lower. The 2 that actually fell were Drugs and Healthcare. The average BP reading is now at 46.16 which is up for the week by 8.18%. There were over 15 status changes this week. Currently, 2 sectors are within 1% of a reversal. The Internet sector is only .81 from a reversal to Xs at 50%. A reversal to Xs would change the status back to Bear Correction. The Waste Management sector is only .15% from a reversal to Os at 48%. A reversal to Os would change the status back to Bear Confirmed bringing the defensive back out with respect to this sector. There are quite a few sectors to choose from now that have good field positions below 50% and are in a column of Xs indicating demand is in control. For new positions, these are the areas to concentrate on.


Bron: de hierin weergegeven informatie is gebaseerd op het Point&Figure systeem van Dorsey, Wright Associates