Sunday, November 10, 2013

Charting Last Week (11/04 - 11/8/13)

The Daily Leading Index rose by 0.28% percentage points to 5.06%. The Daily Coincident Index is at 3.07%. The Daily Leading Index page on the tab above is updated daily during the week.
Over the last three weeks, there seems to be a flight to quality and a shift away from riskier equity classes. Month over Month, the S&P 500 (SPY) has risen by 4.73% while the Russell 2000 (IWM) is up by 2.81%. Over the same time frame, International Developed Markets (EFA) rose by 2.78%, while International Emerging Markets (EEM) fell by 1.48%. Long Term Treasuries (TLT) were down 2.62% for the week and are now in the oversold territory. The charts below show the normal trading ranges for various indices for the last six months. 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.
There were not any updates to the International Leading Indices during the week. The Leading Index for the International Developed Markets (EFA) is at 3.98%. The Leading Index for International Emerging Markets (EEM) is at 4.00%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.
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.

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.