Sunday, October 19, 2014

Charting Last Week (10/13- 10/17/14)

The Daily Leading Index increased by 0.23% percentage points to 7.39%. The Daily Coincident Index rose to 4.15%. The Daily Leading Index page on the tab above is updated daily during the week.
Equities rallied after . The S&P 500 (SPY) posted its largest weekly loss since May of 2012. Bond prices were mostly 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.
Earnings for the S&P 500 are strong. With 20% of the S&P 500 reporting earnings for last quarter, as reported full year earnings are on pace to be up 14.6% year over year. Next week will be a busy week for earning releases as 132 companies will report earnings.

The Leading Indicator for International Developed Markets (EFA) fell by .08% percentage points to 0.79% continuing its steady eight month slide. The Leading Indicator for International Emerging Markets (EEM) is at 4.20%. 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.