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)|
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