200-Day Moving Averages - Yardeni Research

Stock Market Indicators: 200-Day Moving Averages

Yardeni Research, Inc.

April 2, 2021

Dr. Ed Yardeni

516-972-7683 eyardeni@

Joe Abbott

732-497-5306 jabbott@

Debbie Johnson

480-664-1333 djohnson@

Mali Quintana

480-664-1333 aquintana@

Please visit our sites at blog.

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Table Of Contents Table Of Contents

S&P 500 Moving Averages

1-5

S&P 500 Sectors Stock Price Index & 200-dma

6

S&P 500 Sectors Stock Price Index Versus 200-dma 7

200-Day Moving Averages

8-11

April 2, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 1.

4500

4000

S&P 500 BULL & BEAR MARKETS & CORRECTIONS: 2008-2020

(daily ratio scale)

3500

3000

2500

2000

1500

4500

4/1

4000

3500

3000

2500

2000

1500



1000

1000

-16.0% (70)

-9.8% -7.7% (28) (62)

-5.8% (19)

-12.4% (96)

-10.2% (13)

-6.8% (34)

-9.6% (21)

-56.8% (517)

-19.4% -9.9% -5.8%

(157) (60)

(34)

-7.4% (27)

-13.3% (100)

-19.8% (95)

-33.9% (33)

500

500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Note: Corrections are declines of 10% or more, but less than 20%, while minor ones are 5%-10% (all in blue shades). Bear markets are declines of 20% or more (in red shades). Number of calendar days in parentheses. Source: Standard & Poor's.

Figure 2.

30

25

S&P 500 INDEX (as a percent of 200-day moving average)

20

30 Latest (12.6)

25

20

15

15

4/1

10

10

5

5

0

0



-5

-5

-10

-10

-15

-15

-20

-20

-25

-25

-30

-30

-35

-16.0%

-9.8% -7.7%

-5.8%

-12.4%

-10.2%

-6.8%

-9.6%

-35

(70)

(28) (62)

(19)

(96)

(13)

(34)

(21)

-40 -56.8%

-19.4% -9.9% -5.8%

-7.4%

-13.3%

-19.8% -33.9%

-40

(517)

(157) (60)

(34)

(27)

(100)

(95)

(33)

-45

-45

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Note: Corrections are declines of 10% or more, while minor ones are 5%-10% (all in blues shades). Bear markets are declines of 20% or more (in red shades). Number of calendar days in parentheses. Source: Standard & Poor's.

Page 1 / April 2, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



Figure 3.

4500

4000

S&P 500

(ratio scale)

3500

3000

2500

2000

1500

S&P 500 Moving Averages

4500

4/1

4000

3500

3000

2500

2000

1500

1000

1000

S&P 500 Index (4019.87)

50-day moving average (3887.97)

200-day moving average (3553.29)



500

500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Source: Standard & Poor's.

Figure 4.

1200

1100 S&P 500 TRANSPORATION INDEX

1000

(ratio scale)

900

800

700

600

500

400

300

1200

1100

4/1

1000

900

800

700

600

500

400

300

200

S&P 500 Transportation Index (1038.00)

200

50-day moving average (961.26)

200-day moving average (872.46)



100

100

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Source: Standard & Poor's Corporation.

Page 2 / April 2, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

34000 30000

Figure 5.

DOW JONES INDUSTRIALS AVERAGE (ratio scale)

26000

22000

18000

14000

4/1

34000

30000

26000

22000

18000

14000

10000

Dow Jones (33153.21) 50-day moving average (31741.85) 200-day moving average (29123.04)

10000

6000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

6000

16000 14000 12000

Figure 6.

DOW JONES TRANSPORTATION INDEX (ratio scale)

10000

8000

6000

16000 4/1

14000 12000 10000

8000

6000

4000

4000

Dow Jones Transporation Index (14748.38)

50-day moving average (13459.88)

200-day moving average (11835.54)

2000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2000

Page 3 / April 2, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



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