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The SPREAD closed Friday 5/17/19, at 4,940.45 off -122.52 (-2.42%) this past week off -126.35 (-2.43%) the previous week.
The SPREAD pulled back out of bear market territory 159 weeks ago, fell
back into bear market territory 17 weeks ago back out again a few weeks ago. The current discount to the
52-week
high at off -8.66%. 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 5,408.74 on 8/29/18 and the 52
week low is 4084.20
set on 12/24/18. The SPREAD is up +610.09 (+14.09%) for 2019. It finished 2016 up 23.93% and 2017 up 15.44% and 2018 off -12.99%.
Looking
at the 30 day chart above (top left) we can see some buying at the end of
last week.
Watch closer!
The markets should follow the SPREAD. |
