The document summarizes a report on market technical indicators from Dorsey Wright. It includes a chart showing the current levels, signals, and statuses for five indicators across different stock universes. Most indicators have turned bearish in June, with signals switching to sell and chart levels declining. This suggests the market is becoming bearish overall after being in a bull correction last month.

1. To: Southwestern Financial Analyst Program
From: Egan Cornachione
Date: July 9, 2015
Subject: Dorsey Wright Market Technical Indicators Report
This memo contains a summary of the market indicators that are relevant to the FAP portfolio.
Following is a chart containing the current level, signal, status, and chart level for five different
indicators: Bullish Percent, Positive Trend, 10 Week, 30 Week, and High/Low. I am including a
description of each indicator to help with interpreting it. After the chart is a description of the
important changes in the indicators.
Definitions and Information about each indicator:
Bullish Percent: The percentage of stocks in each universe (All, NYSE, NASDAQ, etc) that are
on a buy signal. Above 70% is high risk and below 30% is low risk.
Positive Trend: I couldn’t find their definition of this, but I am assuming it would be a measure
of the percentage of stocks on a positive trend, or above the trend line.
10 Week: Percentage of stocks in each universe above their 10 week moving average. A
percentage under 30 that starts to go up means a buy signal, and if it above 70 then reverses
down, there will be a sell signal.
30 Week: Percentage of stocks in each universe above their 30 week moving average. Again,
over 70% means it is higher risk and overbought, under 30% means oversold.
High/Low: The number of new highs made in the stock universe divided by the total number of
new highs and new lows.
Summary of Indicator Statistics
! indicates within 1% of reversal. Bold X or O means reversal on June 30
All
Indicator Current Chart
Level
Signal/Col Status
Bullish
Percent ^BPALL
50.30%
(-0.54)
54% Sell in Xs Bear
Correction
Positive Trend ^PTALL 53.56% 50% Buy in Os Bull

2. (-0.24) Correction
10 Week ^TWALL 36.13%
(+2.25)
34% Sell in Os Bear
Confirmed
30 Week ^30ALL 44.87%
(+0.66)
46% Sell in Os Bear
Confirmed
High/Low ^ALLHILO 56.44%
(-4.58)
58% Sell in Os Bear
Confirmed
New York Stock
Exchange
Indicator Current Chart
Level
Signal/Col Status
Bullish
Percent ^BPNYSE
52.19%
(-0.72)
54% Sell in Os Bear
Confirmed
Positive
Trend ^PTNYSE
59.36%
(-0.24)
62% Buy in Xs Bull
Confirmed
10 Week ^TWNYSE 29.61%
(+2.52)
28% Sell in Os Bear
Confirmed
30 Week ^30NYSE 40.92%
(+0.66)
42% Sell in Os Bear
Confirmed
High/Low ^NYSEHILO 49.05%
(-3.64)
50% Sell in Os Bear
Confirmed
NASDAQ/OTC
Indicator Current Chart
Level
Signal/Col Status
Bullish
Percent ^BPOTC
50.57%
(-0.40)
52% Sell in Xs Bear
Correction
Positive Trend ^PTOTC 51.82%
(-0.20)
52% Buy in Xs Bull
Confirmed
10 Week ^TWOTC 40.79%
(+2.12)
40% Sell in Os Bear
Confirmed
30 Week ^30OTC 48.39%
(+0.75)
48% Buy in Os Bull
Correction
High/Low ^OTCHILO 68.04%
(-5.04)
70% Sell in Os Bear
Confirmed
World
Indicator Current Chart
Level
Signal/Col Status

3. Indicators Bullish
Percent ^BPWORLD
44.05%
(-0.62)
46% Buy in Os Bull
Correction
! Positive
Trend ^PTWORLD
50.33%
(-0.57)
56% Buy in Xs Bull
Confirmed
10 Week ^TWWORLD 34.15%
(+2.32)
32% Sell in Os Bear
Confirmed
30 Week ^30WORLD 47.48%
(+0.98)
48% Buy in Os Bull
Correction
High/Low
^WORLDHILO
No data available
Several changes occurred over the month of June
 All Stocks
o Went from a Bull Correction to Bear Confirmed on the 30-week, and now have a
sell in O’s signal, with a chart level at 46%, down from 52% at the beginning of
the month
o The 10 week chart level went down from 44% to 34% and is now a sell in O’s
 NYSE
o Bullish Percent, 30 Week, and HiLo are all now Bear Confirmed and Sell in O’s
 NASDAQ/OTC
o HiLo is at 70% of chart level and is Bear Confirmed with a Sell in O’s signal
(seems like it is more bullish than NYSE)
 World Indicators
o 10 week is Bear Confirmed while the 30 week is Bull Corrected, so still bullish
and a Buy in O’s signal
o Looking into the first week of July, World indicators have significantly dropped
and are Bear Confirmed for 10 and 30 weeks and Bull Corrected for Bullish
Percent and Positive Trend
Overall, it seems as though the market is turning bearish, with most indicators dropping and
switching to sell signals over the month.