PDF 200-Day Moving Averages - Yardeni Research

Stock Market Indicators: 200-Day Moving Averages

Yardeni Research, Inc.

September 27, 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.

thinking outside the box

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

September 27, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 1.

5000

4500

S&P 500 BULL & BEAR MARKETS & CORRECTIONS: 2008-2021

4000

(ratio scale, daily)

3500

3000

2500

2000

1500

5000

9/24

4500

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 (7.8)

25

20

15

15

10

10

9/24

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 / September 27, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 3.

5000

4500

S&P 500

4000 (ratio scale)

3500

5000

9/24

4500

4000

3500

3000

3000

2500

2500

2000

2000

1500

1500

1000

S&P 500 Index (4455.48)

1000

50-day moving average (4439.43)

200-day moving average (4120.53)



500

500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Standard & Poor's.

Figure 4.

1300

1100

S&P 500 TRANSPORATION INDEX (ratio scale)

900

700

500

1300 1100 9/24 900

700

500

300

300

S&P 500 Transportation Index (992.55) 50-day moving average (1028.19) 200-day moving average (1016.98)



100

100

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Standard & Poor's Corporation.

Page 2 / September 27, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

38000 34000 30000

Figure 5.

DOW JONES INDUSTRIALS AVERAGE (ratio scale)

38000

9/24

34000

30000

26000

26000

22000

22000

18000

18000

14000

14000

10000

Dow Jones (34798.00) 50-day moving average (34988.37) 200-day moving average (33272.82)

10000

6000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

6000

18000 16000 14000

Figure 6.

DOW JONES TRANSPORTATION INDEX (ratio scale)

12000

10000

8000

6000

18000

16000

9/24

14000

12000

10000

8000

6000

4000

4000

Dow Jones Transporation Index (14343.49)

50-day moving average (14554.62)

200-day moving average (14251.28)

2000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

2000

Page 3 / September 27, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

17000 15000 13000

Figure 7.

NASDAQ (ratio scale)

17000

9/24

15000

13000

11000

11000

9000

9000

7000

7000

5000

5000

3000

3000

Nasdaq (15047.70) 50-day moving average (14898.59) 200-day moving average (13905.71)

1000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

1000

55000 45000

Figure 8.

WILSHIRE 5000 (ratio scale)

35000

25000

55000

9/24

45000

35000

25000

15000

15000

Wilshire 5000 (46361.23) 50-day moving average (46134.45) 200-day moving average (43224.83)

5000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

5000

Page 4 / September 27, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download