Below are charts of
some of the economic releases from last week.
The housing data was mixed while Weekly Initial Unemployment Claims
continued to slowly improve.
On last week's update,
we mentioned that the S&P 500 had entered the overbought territory for the
first time since last July. It pulled back
some last week. Inversely, bonds had entered
the oversold territory for the first time since last October. Bonds rebounded sharply last week. Below are six month charts of both
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.
