S & P 500 TRENDS
Robert O. Welk RowTek Economics
The
recent high weekly
average
was 1559.28 for the week ended October 12, 2007. For the week
ended February 3, 2012 the average was 1323.99, down 15%.
From the end of '09 until late 2010 there was great volatility but no clear up or down trend. However, from the end of November '10 to mid-Februrary '11 the daily closing increased by about 14%. After that, there was volatility again but since mid-December there have been seven consecutive weeks of gains. The February 3rd closing (1344.9) was at the same level as mid-February.
Recent positive moves in the market reflected good reports on job growth in January, a strong 4th quarter estimate for RGDP, and the debt problems in Europe temporarily receding into the background. It is interesting to note the patterns in stock price movements in '10 and '11. In both years the trend was strongly up early in the year, but the uptrend was not sustained. Is that happenng again?
The January monthly average (1300.58) was 16%
below
the recent October '07
high (1539.66) and 40% below the 9.2% trend.
The recent January monthly average was virtually the same as the level in October 1999, more than 12 years ago.
Copyright © 2012 RowTek Economics. All rights reserved.
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From the end of '09 until late 2010 there was great volatility but no clear up or down trend. However, from the end of November '10 to mid-Februrary '11 the daily closing increased by about 14%. After that, there was volatility again but since mid-December there have been seven consecutive weeks of gains. The February 3rd closing (1344.9) was at the same level as mid-February.
Recent positive moves in the market reflected good reports on job growth in January, a strong 4th quarter estimate for RGDP, and the debt problems in Europe temporarily receding into the background. It is interesting to note the patterns in stock price movements in '10 and '11. In both years the trend was strongly up early in the year, but the uptrend was not sustained. Is that happenng again?
The January monthly average (1300.58) was 16%
below
the recent October '07
high (1539.66) and 40% below the 9.2% trend.The recent January monthly average was virtually the same as the level in October 1999, more than 12 years ago.
Copyright © 2012 RowTek Economics. All rights reserved.
BACK TO MAIN PAGE