Sunday, August 19, 2012

Charting Last Week (8/13 - 8/17/12)

The Daily Leading Index rose by .54% to 5.70%. The index is near the top of the narrow range it has been in for the last nine weeks. The Daily Coincident Index rose to 3.64%. The Daily Leading Index page on the tab above is updated daily during the week.
Equities were up for the week while bonds were down. SPY (S&P 500) is now at an all time high, passing the 2007 high point this 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.