200-Day Moving Averages - Yardeni Research

Stock Market Indicators: 200-Day Moving Averages

Yardeni Research, Inc.

May 22, 2020

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

1-2

Dow & Nasdaq Moving Averages

3

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

4

S&P 500 Sectors Stock Price Index Versus 200-dma 5

200-Day Moving Averages

6-7

52-Day Moving Averages

8-9

May 22, 2020 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 1.

3750

3500 3250 3000

S&P 500 BULL & BEAR MARKETS & CORRECTIONS: 2008-2020 (daily ratio scale)

2750

2500

2250

3750 3500

3250

5/22

3000

2750

2500

2250

2000

2000

1750

1750

1500

1500

1250

1250



1000

1000

750

750

-16.0% (70)

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

-5.8% (19)

-12.4% (96)

-10.2% (13)

-6.8% (34)

-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

S&P 500 INDEX 25 (as a percent of 200-day moving average)

20

15

30

25

Latest (-1.8)

20

15

10

10

5

5

0

0

5/22

-5

-5

-10

-10

-15

-15

-20

-20

-25

-25

-30

-30

-35

-35

-40

-40



-45

-45

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

Source: Standard & Poor's.

Page 1 / May 22, 2020 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 3.

900

S&P 500 TRANSPORTATION INDEX 800 (ratio scale)

700 600 500

400

300

900 800 700 5/22 600 500

400

300

200

200

S&P 500 Transportation Index (630.61)

50-day moving average (589.42)

200-day moving average (716.99)



100

100

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

Source: Standard & Poor's Corporation.

34000 30000

Figure 4.

DOW JONES INDUSTRIALS AVERAGE (ratio scale)

26000

22000

18000

14000

34000 30000 26000 5/22 22000

18000

14000

10000

Dow Jones (24465.16) 50-day moving average (22919.36) 200-day moving average (26312.50)

10000

6000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

6000

Page 2 / May 22, 2020 / 200-Day Moving Averages

Yardeni Research, Inc.



Dow & Nasdaq Moving Averages

12000 10000

Figure 5.

DOW JONES TRANSPORTATION INDEX (ratio scale)

12000 10000

8000

5/22 8000

6000

6000

4000

4000

Dow Jones Transporation Index (8470.09) 50-day moving average (7894.95) 200-day moving average (9840.67)

2000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2000

10000 9000 8000 7000

6000

Figure 6.

NASDAQ (ratio scale)

5000

4000

3000

10000

5/22

9000

8000

7000

6000

5000

4000

3000

2000

Nasdaq (9324.59)

2000

50-day moving average (8284.27)

200-day moving average (8496.36)

1000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

1000

Page 3 / May 22, 2020 / 200-Day Moving Averages

Yardeni Research, Inc.



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