Sunday, May 18, 2014

Charting Last Week (5/12 - 5/16/14)

The Daily Leading Index remained unchanged at 6.88%. The Daily Coincident Index fell to 3.01%. The Daily Leading Index page on the tab above is updated daily during the week.
Equity prices were mixed for the week. Bond prices were up for the week. 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.
The Leading Index for the International Developed Markets (EFA) fell to 3.68%. The Leading Index for International Emerging Markets (EEM) is at 3.83%. The OECD released their Leading Indicators this week. I use these indicators along with ones from the Conference Board to create composite indices. 17 of the 20 countries in the Developed Markets had declining Leading Indices. The Leading Indices declined for 8 out of 15 countries in the Emerging Markets. 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.