The rise in New Homes Sales moved the BullandBearWise Index higher this week.
October 28, 2005 (Press Release) --
For the latest week, the rise in New Homes Sales and Gross Domestic Product (GDP) added an unweighted value of 5 to the Index. The drop in Durable Goods subtracted an unweighted value of 3 from the Index.
During the week, Initial Jobless Claims remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was plus 2, resulting in the Index rising to 44.78.
“Have we created the perfect economy?” asked Peter Duray-Bito, owner of BullandBearWise.com. “The past seven quarters of Gross Domestic Product (GDP) growth has not varied by more than 20 percent. This is the most stable variation in quarter-to-quarter growth on record.”
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.
During the week, Initial Jobless Claims remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was plus 2, resulting in the Index rising to 44.78.
“Have we created the perfect economy?” asked Peter Duray-Bito, owner of BullandBearWise.com. “The past seven quarters of Gross Domestic Product (GDP) growth has not varied by more than 20 percent. This is the most stable variation in quarter-to-quarter growth on record.”
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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