200-Day Moving Averages - Yardeni Research

Stock Market Indicators: 200-Day Moving Averages

Yardeni Research, Inc.

September 20, 2019

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

September 20, 2019 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 1.

3250

3000

S&P 500 BULL & BEAR MARKETS & CORRECTIONS: 2008-2019

2750

(ratio scale)

2500

2250

2000

1750

1500

1250 200-day moving average

1000

3250

9/20

3000

2750

2500

2250

2000

1750

1500

1250



1000

750

750

-16.0% (70)

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

-5.8% (19)

-12.4% (96)

-56.8% (517)

-19.4% -9.9% (157) (60)

-5.8% (34)

-7.4% (28)

-13.3% (100)

500 2008

2009

2010

2011

2012

2013

2014

2015

2016

-10.2% (13)

-6.8% (34)

-19.8% (95)

2017

2018

2019

500 2020

Note: Corrections are declines of 10% or more, 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

30

S&P 500 INDEX

25 (as a percent of 200-day moving average)

25

20

20

15

15

10

10

5

9/20

5

0

0

-5

-5

-10

-10

-15

-15

-20

-20

-25

-25

-30

-30

-35

% from 200-day moving average (5.8)

-35

-40

-45

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

-40

-45 2020

Source: Standard & Poor's.

Page 1 / September 20, 2019 / 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 9/20 700 600 500

400

300

200

200

S&P 500 Transportation Index (757.19)

50-day moving average (755.59)

200-day moving average (744.00)

100

2008

2009

2010

2011

Source: Standard & Poor's Corporation.

2012

2013

2014

2015

2016

2017

2018

2019

100 2020

30000 26000

Figure 4.

DOW JONES INDUSTRIALS AVERAGE: 2008-2014 (ratio scale)

22000

18000

14000

30000 9/20

26000 22000 18000

14000

10000

Dow Jones (26935.07) 50-day moving average (26619.21) 200-day moving average (25751.92)

10000

6000

2008

2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

6000

Page 2 / September 20, 2019 / 200-Day Moving Averages

Yardeni Research, Inc.



Dow & Nasdaq Moving Averages

12000 10000

Figure 5.

DOW JONES TRANSPORTATION INDEX: 2008-2014 (ratio scale)

8000

6000

12000 9/19

10000 8000

6000

4000

4000

Dow Jones Transporation Index (10504.22) 50-day moving average (10355.19) 200-day moving average (10247.44)

2000

2008

2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2000

Figure 6.

9000

NASDAQ 8000 (ratio scale)

7000 6000 5000

4000

3000

9000

9/20

8000

7000

6000

5000

4000

3000

2000

2000

Nasdaq (8117.67)

50-day moving average (8059.87)

200-day moving average (7671.32)

1000

2008

2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

1000

Page 3 / September 20, 2019 / 200-Day Moving Averages

Yardeni Research, Inc.



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