US Leading Indicators Signal Solid Growth

US Leading Indicators Signal Solid Growth

US Leading Indicators Signal Solid Growth

$DIA, $SPY, $QQQ, $VXX

US economic leading indicators rose by 1.2% in October, 2X as much as the 0.6% increase expected by economists polled.

The index is a closely followed indicator on economic health.

The index “suggests that solid growth in the US economy will continue through the holiday season and into the new year,” Conference Board research director Ataman Ozyildirim said in a statement.

In September, the index declined 0.2%, 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.

Monday, the major US stock market indexes finished at: DJIA +72.09 at 23430.33, NAS Comp +7.92 at 6790.72, S&P 500 +3.29 at 2582.14

Volume: Trade on the NYSE came in at: 732-M/shares exchanged.

  • NAS Comp +26.2% YTD
  • DJIA +18.6% YTD
  • S&P 500 +15.3% YTD
  • Russell 2000 +10.8% YTD

All 4 major indexes are Bullish to Very Bullish across the board.

Expect this shortened trading week to be quiet.

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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