Thursday, May 20, 2010

Leading Economic Indicators Negative for First Time in a Year

With everything else going on in the world, the markets did not take the following well.

Daily Markets details:

Thursday morning, the Conference Board released its report on leading economic indicators in the month of April, showing that its leading economic indicators index unexpectedly declined for the first time in more than a year.

The report showed that the leading economic index edged down by 0.1 percent in April following a downwardly revised 1.3 percent increase in March. The decrease came as a surprise to economists, who had expected the index to increase by 0.2 percent.


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2 comments:

  1. The Commodity GuyMay 20, 2010 at 7:51 AM

    It looks like we are going to take out the 200 day mov avg today. Interesting that even a number as mathematically defined as this can have different values:

    simple exponential
    Stockcharts
    SPY 109.71 109.78
    SP500 1102.14 1102.91
    VTI 55.61 55.74

    Google
    SPY 110.42 109.45
    SP500
    VTI 56.00 55.56

    Yahoo Download
    SPY (price) 110.41 109.58
    SPY (tot ret) 110.06 109.23
    SP500 (price) 1102.16 1099.46
    VTI (price) 49.12 55.30
    VTI (tot ret) 48.54 55.00

    ReplyDelete
  2. AnonymousMay 21, 2010 at 12:01 AM

    Its dependent on the smoothing constant "lamda" chosen for calculation. I'd think the websites all use the same closing data.

    EMA(X(t))=lamda*X(t)+(1-lamda)*(EMA(X(t-1))

    ReplyDelete