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Market Direction Is Important –
Updated Chart of the S&P 500 and Secondary Signals
Of our Four secondary indicators under our MTI:
Relative Strength Index (RSI)-Positive
Chaikin Money Flow (CMF)-Positive
Money Flow Index-MFI-Positive
More on the Market and the Economy:
Stocks closed lower on Friday, but logged a fifth straight weekly gain, and posted the best month in four years. The S&P 500 finished the week up .2%, and finished October up 8.3%.
This week data will be released on manufacturing, construction spending, the trade deficit, the service sector and the jobs report.
The Atlanta Fed’s GDPNow final estimate for third quarter growth increased to 1.1% following data on net exports in the advanced report on international trade. The first forecast for the fourth quarter is 2.5%.
Measuring the ‘good life’ around the world, according to the OECD:
With Halloween in the rear-view mirror, some statistics on the festivities from the Census Bureau:
The estimated number of potential trick-or-treaters in 2014 — children age 5 to 14 — across the U.S. Of course, many other children — older than 14 and younger than 5 — also go trick-or-treating
Number of occupied housing units across the nation in second quarter 2015 — all potential stops for trick-or-treaters.
Number of U.S. manufacturing establishments that produced chocolate and cocoa products in 2012, employing 37,400 employees. This industry’s value of shipments totaled $14.9 billion, up from $14.1 billion in 2007.
Number of U.S. manufacturing establishments that produced nonchocolate confectionary products, employing 19,267 employees. This industry’s value of shipments totaled $7.7 billion in 2012.
Number of U.S. confectionary and nut stores that sell candy and other confectionary products, employing 19,821 employees. This industry’s sales totaled $1.8 billion in 2012
Acres of pumpkins harvested in the U.S. in 2013, with a total estimated production value of $149.9 million. Of the top six pumpkin-producing states, Illinois led the country by producing an estimated 547.6 million pounds of this vined gourd, followed by California, Ohio, Michigan, New York and then Pennsylvania.”
According to the National Retail Federation, 157 million Americans planned to celebrate Halloween, spending $6.9 billion.