Sunday, November 2, 2014

Charting Last Week (10/27- 10/31/14)

The Daily Leading Index decreased by 0.42% percentage points to 6.88%. The Daily Coincident Index is at 3.87%. The Daily Leading Index page on the tab above is updated daily during the week.
The S&P 500 closed the week at a new high. The S&P 500 had declined by 7.4% from the previous high set in September and has now rallied by 8.4% in just two and a half weeks. 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 74% 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.

The Leading Indicator for International Developed Markets (EFA) declined by 0.23% percentage points to 0.53%. The Leading Indicator for International Emerging Markets (EEM) rose to 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.