PDF 200-Day Moving Averages - Yardeni Research

Stock Market Indicators: 200-Day Moving Averages

Yardeni Research, Inc.

January 7, 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

January 7, 2020 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 1.

3500

3250

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

3000

(ratio scale)

2750

2500

2250

2000

1750

1500

1250 200-day moving average

1000

3500

1/7

3250

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

1/7

10

5

5

0

0

-5

-5

-10

-10

-15

-15

-20

-20

-25

-25

-30

-30

-35

% from 200-day moving average (8.5)

-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 / January 7, 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

900

1/7

800

700

600

600

500

500

400

400

300

300

200

200

S&P 500 Transportation Index (780.91)

50-day moving average (781.76)

200-day moving average (762.71)



100

100

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

Source: Standard & Poor's Corporation.

30000 26000

Figure 4.

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

22000

18000

14000

30000 1/7

26000 22000

18000

14000

10000

Dow Jones (28583.68) 50-day moving average (27951.84) 200-day moving average (26784.50)

10000

6000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

6000

Page 2 / January 7, 2020 / 200-Day Moving Averages

Yardeni Research, Inc.



Dow & Nasdaq Moving Averages

12000 10000

Figure 5.

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

12000 1/7

10000

8000

8000

6000

6000

4000

4000

Dow Jones Transporation Index (10887.56) 50-day moving average (10836.72) 200-day moving average (10511.53)

2000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2000

Figure 6.

9000

NASDAQ 8000 (ratio scale)

7000 6000 5000

4000

3000

1/7

9000

8000

7000

6000

5000

4000

3000

2000

2000

Nasdaq (9068.58)

50-day moving average (8647.95)

200-day moving average (8137.88)

1000

2008 2009

2010

Source: Haver Analytics.

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

1000

Page 3 / January 7, 2020 / 200-Day Moving Averages

Yardeni Research, Inc.



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