200-Day Moving Averages - Yardeni Research

Stock Market Indicators: 200-Day Moving Averages

Yardeni Research, Inc.

December 3, 2021

Dr. Ed Yardeni

516-972-7683 eyardeni@

Joe Abbott

732-497-5306 jabbott@

Debbie Johnson

480-664-1333 djohnson@

Mali Quintana

480-664-1333 aquintana@

Please visit our sites at blog.

thinking outside the box

Table Of Contents Table Of Contents

S&P 500 Moving Averages

1-5

S&P 500 Sectors Stock Price Index & 200-dma

6

S&P 500 Sectors Stock Price Index Versus 200-dma 7

200-Day Moving Averages

8-12

December 3, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 1.

5000

5000

4500

S&P 500 BULL & BEAR MARKETS & CORRECTIONS: 2008-2021

12/3

4500

4000

(ratio scale, daily)

4000

3500

3500

3000

3000

2500

2500

2000

2000



1500

S&P 500 (4538.43)

1500

50-dma (4548.59)

200-dma (4305.70)

1000

1000

-16.0% (70)

-9.8% -7.7% (28) (62)

-5.8% (19)

-12.4% (96)

-10.2% (13)

-6.8% (34)

-9.6% (21)

-56.8% (517)

-19.4% -9.9% -5.8% (157) (60) (34)

-7.4% -13.3% (27) (100)

-19.8% -33.9%

(95)

(33)

-5.2% (32)

500

500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Note: Corrections are declines of 10% or more, but less than 20%, while minor ones are 5%-10% (all in blue shades). Bear markets are declines of 20% or more (in red shades). Number of calendar days in parentheses. Source: Standard & Poor's.

Figure 2.

30

25

S&P 500 INDEX (as a percent of 200-day moving average)

20

30 Latest (5.1)

25

20

15

15

10

10

5

12/3

5

0

0



-5

-5

-10

-10

-15

-15

-20

-20

-25

-25

-30

-30

-35

-16.0%

-9.8% -7.7%

-5.8%

-12.4%

-10.2%

-6.8%

-9.6%

-35

(70)

(28) (62)

(19)

(96)

(13)

(34)

(21)

-40 -56.8% (517)

-19.4% -9.9% -5.8%

(157) (60)

(34)

-7.4% (27)

-13.3% (100)

-19.8% -33.9%

-5.2%

-40

(95)

(33)

(32)

-45

-45

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Note: Corrections are declines of 10% or more, while minor ones are 5%-10% (all in blues shades). Bear markets are declines of 20% or more (in red shades). Number of calendar days in parentheses. Source: Standard & Poor's.

Page 1 / December 3, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 3.

5000

4500

S&P 500

4000 (ratio scale)

3500

5000

12/3

4500

4000

3500

3000

3000

2500

2500

2000

2000

1500

1500

1000

S&P 500 Index (4538.43)

1000

50-day moving average (4544.74)

200-day moving average (4305.70)



500

500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Standard & Poor's.

Figure 4.

1300

1100

S&P 500 TRANSPORATION INDEX (ratio scale)

900

700

500

1300

12/3

1100

900

700

500

300

300

S&P 500 Transportation (1068.86) 50-dma (1058.35) 200-dma (1048.86)



100

100

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Standard & Poor's Corporation.

Page 2 / December 3, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

38000 34000 30000

Figure 5.

DOW JONES INDUSTRIALS AVERAGE (ratio scale)

38000

12/3

34000

30000

26000

26000

22000

22000

18000

18000

14000

14000

10000

Dow Jones (34580.08) 50-day moving average (35288.59) 200-day moving average (34392.11)

10000

6000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

6000

18000 16000 14000

Figure 6.

DOW JONES TRANSPORTATION INDEX (ratio scale)

12000

10000

8000

6000

18000

12/3

16000

14000

12000

10000

8000

6000

4000

4000

Dow Jones Transporation Index (15967.24)

50-day moving average (15707.82)

200-day moving average (14991.82)

2000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

2000

Page 3 / December 3, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

17000 15000 13000

Figure 7.

NASDAQ (ratio scale)

17000

12/3

15000

13000

11000

11000

9000

9000

7000

7000

5000

5000

3000

3000

Nasdaq (15085.47) 50-dma (15276.38) 200-dma (14411.47)

1000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

1000

55000 45000

Figure 8.

WILSHIRE 5000 (ratio scale)

35000

25000

55000

12/2

45000

35000

25000

15000

15000

Wilshire 5000 (46902.70) 50-day moving average (47166.95) 200-day moving average (44923.03)

5000

2008 2009 2010 2011

Source: Haver Analytics.

2012 2013 2014

2015 2016

2017 2018

2019 2020

2021 2022

2023 2024

5000

Page 4 / December 3, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Moving Averages

Figure 9.

3200

2800 S&P 400 (ratio scale)

2400

3200 2800 12/1 2400

2000

2000

1600

1600

1200

1200

800

800

S&P 400 (2664.52)

50-day moving average (2648.30)

200-day moving average (2087.47)



400

400

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Standard & Poor's.

Figure 10.

1550

1350 S&P 600 (ratio scale)

1150 950

750

550

1550

12/1

1350

1150

950

750

550

350

350

S&P 600 (1322.62) 50-day moving average (1327.85) 200-day moving average (1036.13)



150

150

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Standard & Poor's.

Page 5 / December 3, 2021 / 200-Day Moving Averages

Yardeni Research, Inc.



S&P 500 Sectors Stock Price Index & 200-dma

Figure 11.

5400

4600 3800

S&P 500*

3000 (price indexes)

2200

12/3

HEALTH CARE

2225

1825

12/3

1425

1025

625 1400

600 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

325

275 COMMUNICATION SERVICES

12/3

225

175

125

225

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

1125

INDUSTRIALS

12/3

925

725

525

325

75

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

2500

1900 1300

CONSUMER DISCRETIONARY

12/3

700

125

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

INFORMATION TECHNOLOGY

4175

12/3

3375 2575

1775

975

100

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

925

800 675

CONSUMER STAPLES

12/3

550

425

300

175 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

700

MATERIALS

12/3

500

300

175 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

1150

950 ENERGY

750

550

12/3 350

100

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

REAL ESTATE

12/3

340 290

240

190

140

90

150

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

1075

875 675

FINANCIALS

12/3

475

275

Includes Real Estate through September 2016

75 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

200-day moving average * S&P 500 sector price indexes on ratio scales.

Source: Haver Analytics and Standard & Poor's Corporation.

Page 6 / December 3, 2021 / 200-Day Moving Averages

40 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

400

UTILITIES

12/3

325

250

175

100

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Yardeni Research, Inc.



 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download