Sunday, September 13, 2015

Finding a Meritorious Stock Market Leading Indicator

Finding a Meritorious Stock Market Leading Indicator


As a proponent of fundamental analysis, I don't usually dabble too much in technical signals.  I think that Elliot waves are pretty interest and I do find the idea of leading indicators a useful concept.

I was speaking to a steel man the other day, well I was on the receiving end of a rant from a steel man about how the prices were in the toilet and how they had to lay people off, etc.  Being a curious person I pulled a chart to see what steel prices looked like. It was interesting enough to compare to the S&P over a similar time frame.

Maybe you'll find it interesting too.
Steel price chart: http://steelbenchmarker.com/files/history.pdf























S&P500 Chart: Google Finance






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