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BullandBearWise Index Rebounded Higher This Week
BullandBearWise Index Rebounded Higher This Week
The rise in Retail Sales and positive Trade Balance pushed the BullandBearWise Index higher this week.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 13, 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 week, the rise in Retail Sales added an unweighted value of 3 to the Index. The narrowing of the Trade Balance also added an unweighted value of 3 to the Index.
During the week, Officer Loan Survey and Initial Jobless Claims releases remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was plus 6, resulting in the Index rising to 44.78.
The Trade Balance may finally be starting to improve after the long decline in the dollar," 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.
Where: Orlando,United States
Industry: Business Services

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Industry: Business Services
Where: Miami,United States
Industry: Business Services
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