Thursday, December 17, 2009

Leading Indicators Up

The index of leading economic indicators is up 0.9 percent in November, the 8th month in a row.

In terms of short-term trading, the way I do it, it means little. It does, however, give a bit more credibility to bull signals and a takes a bit of credibility away from bear signals.

For me, this sort of indicator is more of a mood setter, like a lava lamp, rather than an actionable piece of data.

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