Charting Last Week (1/22 - 1/25/13)

The Daily Leading Index rose by .06% percentage points to 3.95%. The Daily Coincident Index remained at 2.26%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities were up for the week except for International Emerging Markets (EEM) which has started to weaken compared to International Developed Markets (EFA). EEM is now down 0.4% this year while EFA is up 3.8% for the year. The S&P 500 (SPY) closed above 150 for the first time and is now up 7.6% over the 2007 highs. The actual S&P500 index (which does not account for dividends) is at 1502.96 which is below the 1565.15 high set in October of 2007. 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 International Developed Markets (EFA) rose to -0.18% after France and Germany both posted increases in their Leading Indices. The Leading Index for International Emerging Markets (EEM) was at 4.84% after a very small increase for China's Leading Index. 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.

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.

Charting Last Week (1/14 - 1/18/13)

The Daily Leading Index fell by -0.23% percentage points to 3.93%. The Daily Coincident Index rose to 2.26%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities and Bonds were up across the board. Equities were led by small cap stocks (IWM). 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 International Developed Markets (EFA) rose to -0.23% after Spain and the UK both posted large increases in their Leading Indices. The Leading Index for International Emerging Markets (EEM) rose to 4.89% after a small increase for South Korea and a small decrease for Mexico. 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.

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.

International Leading Indicators

The Leading Indicator for International Developed Markets (EFA) declined month over month by 0.05% percentage points to -0.35%. The Leading Indicator for International Emerging Markets (EEM) rose month over month by 0.60% percentage points to 4.89%.

 The OECD released their Leading Indicators for most major countries today. I have averaged the indicators with the Conference Board's Leading indicator to create a composite for each country. I created Leading Indicators for International Developed Markets (EFA) and International Emerging Markets (EEM) by weighting each country's growth rate by the market share of each country's stocks in the respective funds. 

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.

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.

Charting Last Week (1/7 - 1/11/13)

The Daily Leading Index rose by 0.33% percentage points to 4.16%. The Daily Coincident Index remained at 2.12%. The Daily Leading Index page on the tab above is updated daily during the week.

U.S. equities and International Developed Markets were up for the week while International Emerging Markets were down for the week. 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.

Charting Last Week (12/31/12 - 1/4/13)

The Daily Leading Index rose by 1.01% percentage points to 3.83%. The Daily Coincident Index rose to 2.12%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities rallied sharply in reaction to the legislation regarding the U.S. fiscal cliff. 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.