|
The SPREAD closed at 1315.19, up + 20.76, or + 1.60% this
past week vs up + 4.45, or + 0.34% the previous week. The SPREAD moved
out of bear market territory 3 weeks ago, but remained in correction territory for the last 25 weeks.The SPREAD
closed off -15.74 percent
from the 52 week high. (more than - 20% from the high is considered a bear market and more than -10% is considered a correction)
The SPREAD has
remained over the 1100 level for 658 straight trading days, over 1200 for 31 straight days, back over 1300 this
past week after remaining under for 79 trading days, under 1400 for the last 113 trading days and under the 1500
level for the last 144 straight trading days.
The 1060 and
the slight 1040 support levels were both taken out 157 weeks ago, leaving the next fairly strong support at the
990 level, but the markets bounced back before getting there. The
markets may need to test these levels again before this bear market finds the bottom.
The SPREAD set
an all-time high of 1560.89 on 7/13/07. The 52 week low is 1163.93, set on 3/10/08.
The SPREAD closed up
1
day (+33.57)
and down 1 day
(-9.82),
for the 2 trading
days in the month of May,
and up + 23.76, or + 1.80%
on the month. Last year the SPREAD closed higher in May. See how the markets have
done each month for the last ten years by clicking here.
Watch closer!
The markets should follow the SPREAD. In September of 2001 the SPREAD had a net difference of -123.56, the greatest monthly
difference so far.
Monthly Activity on the SPREAD
|
Month
|
Up
Days
|
Down Days
|
Total Days
|
Gain
|
Loss
|
Change
|
| May ------ 2007 |
14
|
8
|
22
|
141.43
|
-82.89
|
58.53
|
| June |
10
|
11
|
21
|
93.65
|
-117.90
|
-24.25
|
| July |
11
|
10
|
21
|
89.28
|
-174.70
|
-85.42
|
| August |
14
|
9
|
23
|
181.57
|
-174.75
|
6.81
|
| September |
8
|
11
|
19
|
107.31
|
-123.56
|
3.22
|
| October |
10
|
13
|
23
|
146.27
|
-121.90
|
24.36
|
| November |
7
|
14
|
21
|
138.32
|
-243.57
|
-105.25
|
| December |
10
|
10
|
20
|
146.88
|
-157.51
|
-10.63
|
| January ------ 2008 |
9
|
11
|
20
|
165.68
|
-242.88
|
-57.01
|
| February |
9
|
11
|
20
|
146.81
|
-195.53
|
-48.72
|
| March |
9
|
8
|
17
|
214.03
|
-213.56
|
0.15
|
| April |
12
|
10
|
22
|
180.57
|
-123.56
|
86.06
|
|
