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Market Update

Market Direction Is Important –

Updated Chart of the S&P 500 and Secondary Signals

Of our Four secondary indicators under our MTI:

  1. Relative Strength Index (RSI)-Positive

  2. Chaikin Money Flow (CMF)-Negative

  3. MACD- Negative

  4. Money Flow Index-MFI-Positive

More on the Market and the Economy:

Stocks rebounded last Wednesday after the Fed announced that it will be “patient” about its first rate hike. The rally continued on Thursday, with the S&P 500 posting its biggest two-day gain three years. The 4.4% climb over two days was its best since November 2011.

Source: dshort.com

The Fed-fueled gains continued on Friday, with the S&P 500 ending the week with a 3.4% gain.

This holiday-shortened week will see the release of data on existing home sales, personal income, durable goods orders, new home sales and GDP.

The Conference Board’s Leading Economic Index rose .6% in November, marking the third straight increase. Eight of the index’s ten components contributed to the gain. According to the report: “The increase in the LEI signals continued moderate growth through the winter season. The biggest challenge has been, and remains, more income growth. However, with labor market conditions tightening, we are seeing the first signs of wage growth starting to pick up”.

The national negative equity rate fell to 16.9% in the third quarter, marking the tenth straight quarter of declines, according to Zillow. Since the negative equity rate peaked at 31.4% in the first quarter of 2012, more than 7 million homeowners have emerged from being underwater.

Source: Zillow

About half of underwater homeowners are under by 20% or less…while 1.9% of underwater homeowners owe at least twice the value of their home.

Source: Zillow

The US ranks as the second most charitable nation in the world, with Myanmar taking the top spot, according to the Charities Aid Foundation 2014 World Giving Index. The score is calculated by taking the average of the percentages of the population that donated money, did volunteer work or helped strangers.

Source: Statista

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