The drop in Capacity Utilization and Retail Sales lowered the BullandBearWise Index this week.
September 15, 2006 (Press Release) --
For the latest week, the drop in Capacity Utilization and Retail Sales subtracted an unweighted value of 5 from the Index. There were no advancing indicators.
During the week, Industrial Production, the Consumer Price Index (CPI), Initial Jobless Claims and the Trade Balance remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was minus 5, resulting in the Index dropping to 41.79.
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, Industrial Production, the Consumer Price Index (CPI), Initial Jobless Claims and the Trade Balance remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was minus 5, resulting in the Index dropping to 41.79.
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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