Charting Last Week (9/23 - 9/27/13)

The Daily Leading Index rose by 0.18% percentage points to 6.06%. The Daily Coincident Index is at 2.69%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities were down for the week after hitting the overbought territory last 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) rose by 0.22 percentage points to 3.51%. The Leading Index for International Emerging Markets (EEM) rose slightly to 3.84%. 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.

Charting Last Week (9/16 - 9/20/13)

The Daily Leading Index fell by 0.31% percentage points to 5.87%. The Daily Coincident Index is at 2.49%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities were up for the third week in a row and hit the overbought territory after being oversold just a few weeks ago. Bond prices also rallied this week. Both equities and bond prices rose after the Fed did not announce any tapering of bond purchases during its September meeting. 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) declined by 0.02 percentage points to 3.29%. The Leading Index for International Emerging Markets (EEM) fell slightly to 3.82%. 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.

Charting Last Week (9/9 - 9/13/13)

The Daily Leading Index fell by 0.79% percentage points to 6.18%. The Daily Coincident Index is at 2.38%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities continued to rally last week and are approaching the overbought territory after being oversold just a few weeks ago. Bond prices also rallied this 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) declined by 0.11 percentage points to 3.31%. The Leading Index for International Emerging Markets (EEM) rose slightly to 3.87%. The Leading Index for the Developed Markets has been trending up this year while Index the Emerging Markets has been weak and is down for the year. 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.

International Leading Indicators - 9/9/13

The Leading Indicator for International Developed Markets (EFA) rose to 3.42% and is 0.21% percentage points higher than last month. The Leading Indicator for International Emerging Markets (EEM) dropped to 3.84%.

 The OECD released their Leading Indicators for most major countries today. When available, I have averaged the indicators with the Conference Board's Leading indicators 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 last chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for various countries.

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 (9/3 - 9/6/13)

The Daily Leading Index rose by 0.21% percentage points to 6.96%. The Daily Coincident Index is at 2.38%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities posted strong gains led by International Emerging Markets (EEM) which posed a 5.14% gain for the week. EEM is now up again year over year. Bonds were down for the week as the 10 year Treasury briefly topped 3% for the first time since July 2011. 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.

There were no updates to the Leading Indices. The International Developed Markets (EFA) is at 3.39%. The Leading Index for International Emerging Markets (EEM) is at 4.00%. 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.

Charting Last Week (8/26 - 8/30/13)

The Daily Leading Index fell by 1.00% percentage points to 6.75%. The Daily Coincident Index is at 2.47%. The Daily Leading Index page on the tab above is updated daily during the week.

U.S. equities were down for the week while bond prices continued to rise as fears of military action in Syria weigh on the markets. 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) rose to 3.39% after continued strength for the Euro Area. The Leading Index for International Emerging Markets (EEM) declined to 4.00% after Taiwan's Leading Index continued its decline. The Leading Index for the Developed Markets has been trending up this year while Index the Emerging Markets has been weak and is down for the year. 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.