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The Trend

The DOW 30

The SPREAD

2017 vs 2016

The Current Market

Market Comment



Friday - December -- 3 -- 2021


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 this past week after staying up 7 weeks after staying down 3!

90 Day Trend

  The 90 DAY trend line turned up 8 weeks ago after staying down 10  weeks after staying up 49 weeks!

180 Day Trend
The 180 DAY trend line turned up 6 weeks ago after staying down 4 weeks after staying up 49 weeks after staying down 19 weeks !
One Year Trend
The 1 YEAR trend line turned up 51 weeks ago after staying down 28 weeks after staying up 23 weeks!

 All SPREAD charts above are still bullish except the 30 day!
 

The SPREAD closed Friday 12/03/21, at 7,910.85, off 227.36 (- 2.79%) this past week versus off 224.82 (- 2.69%) the previous week. The current discount to the 52-week high is off- 7.93%. 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 -10%.

The  SPREAD set a new all-time high at 8,569.12 on 11/08/21 and the 52 week low is 4901.02 set on 09/23/20. The SPREAD is up +1351.37 (+20.60%) for 2021, up +1196.62 (+22.31%) for 2020, up +1022.61 (+23.61%) for 2019. It finished 2016 up 23.93% for 2017 and up 15.44% for 2018.

Looking at the 30 day chart above (top left) we can see by selling at the end of last week, although it's dropping quickly in a best guess is lower ground ahead.

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

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