Oct 2, 2019 | Martin Pring's Technical Corner
The Pring Turner Leading Economic Indicator (LEI) comprises a weighted ROC for three key economic sectors and a financial one. These are construction, consumer spending, employment and the stock market. It has led every recession since its inception in the 1950’s. To...
Sep 5, 2019 | Martin Pring's Technical Corner
If you have ever gone to the beach or played in a pool and pushed a beach ball under water, you can appreciate how we associate current stock market conditions with that beach ball. When the ball is pushed under water, pressure begins to build. The farther under water...
Aug 8, 2019 | Martin Pring's Technical Corner
The chart of the month (below) compares the 10-year U.S. Treasury yield to its 12-month ROC. This oscillator is like a pendulum of a clock as it is continually swinging between an overstretched overbought +25% reading to a -25% oversold one. The arrows demonstrate...
Jul 1, 2019 | Martin Pring's Technical Corner
Even though there has been no recession for 10 years, students of the business cycle know that it is still alive and well. Instead of a full-blown contraction in business activity, the last decade has seen the US economy experience two mid-cycle growth slowdowns and...
May 17, 2019 | Martin Pring's Technical Corner
The Wells Fargo Housing Sentiment normally peaks well before recessions. It typically coincides or leads housing starts and is poised to break out to new high territory. A KST (smoothed long-term momentum) uptick and a trendline break by the price oscillator suggests...