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The Trend

The DOW 30

The SPREAD

2017 vs 2016

The Current Market

Market Comment



Friday - August -- 4  -- 2017


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 up 4 weeks ago after staying down for 2 weeks after staying up 3 weeks!

90 Day Trend

  The 90 DAY trend line turned up 35 weeks ago after staying down 4 weeks after staying up 3 weeks after staying down for 10 weeks!

180 Day Trend
The 180 DAY trend line turned up 63 weeks ago after staying down 39 weeks after staying up for 33 weeks after being down 7 weeks!
One Year Trend
The 1 YEAR trend line turned up 53 weeks ago after staying down 35 weeks after staying up 180 weeks after staying down 25 weeks!

The SPREAD reached a new all-time high on 7.26.17
 

The SPREAD closed Friday 8/4/2017, at 4,461.40, off -47.68 (-1.06%) this past week vs off -12.46 (-0.39%) the previous week. The SPREAD pulled back out of bear market territory 73 weeks ago and out of correction territory 67 weeks ago with a current discount to the 52-week high at off -2.08%. 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 4,556.27 on 7/26/17 and is currently up 5.29% on the year. The 52 week low is 3743.73 set on 11/03/2016. The SPREAD finished 2016 up 23.93%.

Looking at the 30 day chart above (top left) you see a selloff late week but the question now is will it continue?

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

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