US Economic Outlook Improving, Leading Indicators Up

US Economic Outlook Improving, Leading Indicators Up

US Economic Outlook Improving, Leading Indicators Up

$DIA,$SPY, $QQQ, $VXX

US leading indicators increased 0.6% in June, beating estimates for a 0.4% rise according to economists polled.

This is up from a gainer of 0.3% in May, according to the Conference Board.

The index is a closely followed indicator for how healthy the US economy is.

The Conference Board tracks 10 components, including manufacturers’ new orders, stock prices and average weekly initial claims for unemployment insurance.

“The US LEI rose sharply in June, pointing to continued growth in the U.S. economy and perhaps even a moderate improvement in GDP growth in the second half of the year,” said Ataman Ozyildirim, director of business cycles and growth research at the board.

The major US stock indexes finished at: DJIA -28.97 at 21611.78, NAS Comp +4.96 at 6389.97, S&P 500 -0.38 at 2473.46

Volume: Trade on the NYSE was lite again with 752.2-M/shares exchanging hands.

  • NAS Comp +18.7% YTD
  • S&P 500 +10.5% YTD
  • DJIA +9.4% YTD
  • Russell 2000 +6.3% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.37) Bullish (0.31) Bullish (0.35) Bullish (0.46)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.28) Neutral (0.12) Bullish (0.38) Bullish (0.33)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Neutral (0.24) Bullish (0.37) Bullish (0.29) Neutral (0.06)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.35) Neutral (-0.08) Very Bearish (-0.52) Bearish (-0.46)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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