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Chart Survey Of Representative Asset Types After Difficult Market Week

Published 06/02/2013, 04:31 AM
Updated 07/09/2023, 06:31 AM

The negative action in stocks this past 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%.

SPX
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
S&P 500
Europe (IEV)
Europe
Japan (EWJ)
Japan
Emerging Markets (EEM)
Emerging Markets
Australia (EWA)
Australia
China (FXI)
China
Brazil (EWZ)
Brazil
S&P High Yield Dividend Aristocrats (SDY)
S&P 1500 High Yield Dividend Aristocrats
S&P 500 Low Volatility (SPLV)
S&P 500 Low Volatility
S&P 500 High Quality (SPHQ)
S&P 500 High Quality
S&P 500 Utilities (XLU)
S&P 500 Utilities
MSCI Equity REITs (VNQ)
MSCI Equity REITs
Alerian MLPs (AMJ)
Alerian MLPs
Short-Term Investment Grade Corporate Bonds (VCSH)
Short-Term Investment Grade Corporate Bonds
Intermediate-Term Investment Grade Corporate Bonds (BIV)
Intermediate-Term Investment Grade Corporate Bonds
Long-Term Investment Grade Corporate Bonds (VCLT)
Long-Term Investment Grade Corporate Bonds
Emerging Market Dollar Denominated Sovereign Bonds
Emerging Market Dollar Denominated Sovereign Bonds
Non-US Developed Market Sovereign Bonds (BWX)
Non-US Developed Market Sovereign Bonds
Gold Bullion (GLD)
Gold Bullion
Copper (JJC)
Copper

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