The rise in Industrial Production pushed the BullandBearWise Index higher this week.
November 18, 2005 (Press Release) --
For the latest week, the rise in Industrial Production, Capacity Utilization and the drop in the Consumer Price Index (CPI) and Producer Price Index (PPI) added an unweighted value of 10 to the Index. The drop in Housing Market Index (HMI), Housing Starts and Retail Sales subtracted an unweighted value of 7 from the Index.
During the week, Initial Jobless Claims and Money – Zero Maturity remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was plus 3, resulting in the Index rising to 56.72.
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 and Money – Zero Maturity remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was plus 3, resulting in the Index rising to 56.72.
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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