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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, and the S&P 500 finished the week down .2%, ending its eight-week winning streak.
This week data will be released on small business optimism, retail sales, housing starts and consumer prices.
The number of job openings edged up in September to 6.09 million, marking the fourth month in a row that openings have exceeded 6 million. At the same time, hires slipped to 5.27 million.
Consumer sentiment slipped in November, as the University of Michigan’s index fell after jumping in October to the highest level since 2004.
The Atlanta Fed’s GDPNow forecast for fourth quarter growth held steady at 3.3% following last week’s wholesale trade data.
As we marked Veteran’s Day, some statistics and an infographic from the Census Bureau:
The number of military veterans in the United States in 2016.
The number of female veterans in the United States in 2016.
The number of veterans age 65 and older in 2016. At the other end of the age spectrum, 1.6 million were younger than age 35.
When They Served
The number of Vietnam Era veterans in 2016. Moreover, there were 7.1 million who served during the Gulf War (representing service from August 1990 to present); 768,263 who served in World War II; 1.6 million who served in the Korean War; and 2.4 million who served in peacetime only.
The number of living veterans in 2016 who served during three wartime periods:
65,562 served during the Vietnam Era and both periods of the Gulf War (August 1990 to August 2001 and September 2001 or later).
25,703 served during World War II, the Korean War and the Vietnam Era.
The number of living veterans in 2016 who served during two wartime periods:
1,150,328 served during both periods of the Gulf War (August 1990 to August 2001 and September 2001 or later).
285,649 served during the Gulf War (August 1990 to August 2001) and the Vietnam Era.
140,101 served during the Korean War and the Vietnam Era.
56,105 served during World War II and the Korean War.
Where They Live
The number of states with 1.0 million or more veterans in 2016. These states were California (1.6 million), Texas (1.5 million) and Florida (1.4 million).
On the Job
The number of veterans 18 to 64 years old in the labor force in 2016. Of those veterans, 6.7 million were employed.
The number of veterans who voted in the 2016 presidential election. In that election, 69.6 percent of veterans cast a ballot, compared with 60.6 percent of nonveterans. These rates reflect the citizen voting-age population.
The number of all U.S. employer firms that are majority owned by veterans. Veteran-owned firms comprised 7.2 percent of the nation’s 5.5 million employer businesses.”