Sunday, April 8, 2012

Charting Last Week (4/2 - 4/6/12)

The Daily Leading Index fell by .15% last week and the Daily Coincident Index decreased by .05%.  The Daily Leading Index page on the tab above is updated daily during the week.
Below are charts of some of the economic releases from last week.  Nonfarm Payroll Employment came in weaker than expected with an increase of 120,000 jobs.  PMI rose at a faster rate, while growth in NMI slowed.  Weekly Initial Unemployment Claims continued to slowly improve.
The S&P 500 and bonds both fell for the week.  However bonds started to rally in the last few days.  On the international side, the developed markets (EFA) crossed over to the oversold level.  Below are six month charts of all four indices.  The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range.  The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.
All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security.   Click here for more details.

Furthermore, these charts have limitations.  Economic data is often revised after the fact.  The market is forward looking and anticipates future events.  The unexpected can and will happen.  The market is continually changing.  The conditions of the past are different from the present.  Past performance is not an indication of future performance.