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BullandBearWise Index rose to 53.73 this week
BullandBearWise Index rose to 53.73 this week
The rise in Trade Balance pushed the BullandBearWise Index higher this week.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 11, 2005 --
The BullandBearWise Index ranks the importance of 32 economic and financial indicators and assigns them a status of “Bullish” or “Bearish.” For the latest period, the rise in Trade Balance added an unweighted value of 3 to the Index.
Officer Loan Survey, Consumer Credit and Initial Jobless Claims continued on trend and did not affect the Index.
For the week, the cumulative change from these indicators was plus three, resulting in the Index rising to 53.73.
“Although the Trade Balance narrowed a bit, recent strength in the dollar will could turn this back down quickly.” said Peter Duray-Bito, owner of BullandBearWise.com.
The indicators used in the BullandBearWise Index are weighted based on the table available at http://www.bullandbearwise.com/calculation.asp. All bullish indicators are then summed and divided into the sum of all the indicators. When an indicator changes from bearish to bullish, the Index increases 1.5 times the Weighting. For example, if Consumer Credit (Weighting = 1) turns from bearish to bullish, the BullandBearWise Index would increase by 1.5

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