The 10 Year Treasury Yield ($TNX) Appears to be the Best SPX (S & P 500, http://bit.ly/i0nsT)/Market Lead Indicator (I know of at least), see the six month TNX Lead Indicator vs Walmart (WMT) Lead Indicator at http://finance.yahoo.com/q/ta?t=6m&s=^GSPC&l=off&z=l&q=c&p=v&a=fs&a=p12&a=fs&a=w14&c=wmt,^tnx, and, see the five year TNX Lead Indicator vs Walmart (WMT) Lead Indicator at http://finance.yahoo.com/q/ta?s=^GSPC&t=5y&l=off&z=l&q=c&p=v&a=fs,fs,p12,fs,p12,fs,fs,p12,fs,w14&c=wmt,^tnx. Looking at the six month and five year timeframes the 10 Year Treasury Yield ($TNX) is clearly a better lead indicator than the respectable Walmart (WMT) Lead Indicator.
See the six month TNX Lead Indicator vs Exxon Mobil (XOM) Lead Indicator at http://finance.yahoo.com/q/ta?s=^GSPC&t=6m&l=off&z=l&q=c&p=v&a=fs,fs,p12,fs,p12,fs,fs,p12,fs,w14&c=xom,^tnx, and, see the five year TNX Lead Indicator vs Exxon Mobil (XOM) Lead Indicator at http://finance.yahoo.com/q/ta?s=^GSPC&t=5y&l=off&z=l&q=c&p=v&a=fs,p12,fs,w14&c=xom,^tnx. Looking at those timeframes the 10 Year Treasury Yield ($TNX) is clearly a better lead indicator than the Exxon Mobil (XOM) Lead Indicator.
See the six month TNX Lead Indicator vs SPDR Financials ETF (XLF) Lead Indicator at http://finance.yahoo.com/q/ta?s=^GSPC&t=6m&l=off&z=l&q=c&p=v&a=fs,fs,p12,fs,p12,fs,fs,p12,fs,w14&c=xlf,^tnx, and,
see the five year TNX Lead Indicator vs SPDR Financials ETF (XLF) Lead Indicator at http://finance.yahoo.com/q/ta?s=^GSPC&t=5y&l=off&z=l&q=c&p=v&a=fs,p12,fs,w14&c=xlf,^tnx. Looking at those timeframes the 10 Year Treasury Yield ($TNX) is clearly a better lead indicator than the SPDR Financials ETF (XLF) Lead Indicator.
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