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The Trend

The DOW 30

The SPREAD

2017 vs 2016

The Current Market

Market Comment



Friday - March -- 29 -- 2020


The Closing Markets Last Week
Weekly indices tear to date

  The SPREAD

The SPREAD measures the difference between the Value Line index
and the New York index. The higher the SPREAD the more
"bullish", the lower the SPREAD the more "bearish"!

The following charts show the 30, 90, 180 day & 1 Year SPREAD

This should give us a better idea of the current and near term market!


30 day trend

The 30 DAY trend can change fast ! The line turned down 5 weeks ago after staying up 1 week after staying down 1 week!

90 Day Trend

  The 90 DAY trend line turned down 5 weeks ago after staying up 6 weeks after staying down 6 weeks!

180 Day Trend
The 180 DAY trend line turned down 4 weeks ago after staying up 3 weeks after staying down 11 weeks !
One Year Trend
The 1 YEAR trend line turned down 2 weeks ago after staying up 23 weeks ago after staying down 38 weeks!

  All 11 indices are bearish. All SPREAD trend charts above are bearish!
 

The SPREAD closed Friday 3/27/20, at 3,559.54 up +429.25 (+13.71%) this past week versus off -588.39 (-15.82%) the previous week. The current discount to the 52-week high at off -34.92%. One definition of a correction is a discount to the 52 week high of 10%. A bear market is a discount to the 52 week high of 20%.

The  SPREAD set a new all-time high at 5,469.25 on 1/16/20 and the 52 week low is 2087.40 set on 03/18/20. The SPREAD is off -1909.72 (-34.92%) for 2020, up +1022.61 (+23.61%) for 2019. It finished 2016 up 23.93% and 2017 up 15.44% and 2018.

Looking at the 30 day chart above (top left) we can see selling at the end of last week.

Watch closer! The markets should follow the SPREAD.
Click here to view the larger SPREAD chart

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