Chart Survey of Representative Assets Types After Difficult Week

The negative action in the stocks this week is a stark contrast to the long positive stretch so far this year.  Even though the week was uncomfortable, the percent of S&P 500 stocks above their 200-day average is still high at 90%, and the percentage of stocks in bullish point and figure chart patterns is still high at 88%.

(click images to enlarge)

2013-05-31_spy

 

Here is how various representative asset categories have performed year-to-date.

Each chart plots the security (or index) in black.  The 63-day price channel high, low and mid-point are plotted in blue.  The 200-day moving average is plotted in solid tan.  The price levels that are 10% and 20% below the trailing 252-day high price (correction and bear market levels) are plotted in red.

For bonds corrections and bear markets are characterized by less severe drawdowns, however, for visual consistency, the charts below use the 10% and 20% trailing indicators on stocks as well as bonds.

S&P 500

2013-05-31_SP500

Europe

2013-05-31_IEV

Japan

2013-05-31_EWJ

Emerging Markets

2013-05-31_EEM

Australia

2013-05-31_EWA

China

2013-05-31_FXI

Brazil

2013-05-31_EWZ

S&P 1500 High Yield Dividend Aristocrats

2013-05-31_SDY

S&P 500 Low Volatility

2013-05-31_SPLV

S&P 500 High Quality

2013-05-31_SPHQ

S&P 500 Utilities

2013-05-31_XLU

MSCI Equity REITs

2013-05-31_VNQ

Alerian MLPs 

2013-05-31_AMJ

Short-Term Investment Grade Corporate Bonds

2013-05-31_VCSH

Intermediate-Term Investment Grade Corporate Bonds

2013-05-31_VCIT

Long-Term Investment Grade Corporate Bonds

2013-05-31_VCLT

Emerging Market Dollar Denominated Sovereign Bonds

2013-05-31_EMB

Non-US Developed Market Sovereign Bonds

2013-05-31_BWX

Gold Bullion

2013-05-31_GLD

Copper

2013-05-31_JJC

 

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