Monday, November 12, 2012

Charting Last Week (11/5 - 11/9/12)

The Daily Leading Index fell by 0.10% percentage points to 4.84%. The Daily Coincident Index remained at 2.09%. The Daily Leading Index page on the tab above is updated daily during the week.
Equities were down sharply for the week. The S&P 500 (SPY) fell 2.27% on Wednesday. This is only the third time this year that the index fell by more than 2% in one day. 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.
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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.