While there were no major offensive-defensive shifts in the major indexes, there were a few changes within sectors of the market. The following data tables provide detailed information on the changes.
Bullish Percent Indicators for Indexes: Both the NYSE and DJIA indexes improved numerically this past week although neither index showed sufficient strength to move from a defensive position to an offensive position. Considering the uncertainty facing the markets these numerical improvements came as a surprise. The NASDAQ and S&P 500 dipped slightly, but not to the point of changing their overall trends. Overall, there were no major shifts in the BPIs this past week. For detailed information, examine the numerical values found in the following data tables.
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