BullandBearWise Index Inched Up This Week

The drop in Initial Jobless Claims and the rise in Durable Goods was only partially offset by the drop in New Home Sales and Personal Income resulting in the BullandBearWise Index inching up this week.

(PRWEB) October 3, 2005 -- For the latest week, the decrease in Initial Jobless Claims and the increase in Durable Goods added an unweighted value of 5 to the Index. The drop in New Home Sales and Personal Income subtracted an unweighted value of 4 from the Index.

During the week, Gross Domestic Product (GDP) remained on-trend and did not affect the BullandBearWise Index.

For the week, the cumulative unweighted change was plus 1, resulting in the Index rising to 49.25.

The indicators used in the BullandBearWise Index are weighted based on the table available at http://www.bullandbearwise.com/calculation.asp. All bullish indicators are then summed and divided into the sum of all the indicators. When an indicator changes from bearish to bullish, the Index increases 1.5 times the Weighting. For example, if Consumer Credit (Weighting = 1) turns from bearish to bullish, the BullandBearWise Index would increase by 1.5.

BullandBearWise brings together all the key economic and financial indicators under one website using easy-to-compare rolling 5-year charts. No longer is it necessary to spend precious time visiting various financial portals or government agencies to get a complete picture of the American economy.

BullandBearWise ends the frustration of finding a great economic chart only to realize the chart hasnt been updated in months. The charts on BullandBearWise are generated from Microsoft Access databases that are updated daily, as economic statistics are released.

To further help put all this information in perspective, the BullandBearWise Index ranks the importance of 32 economic and financial indicators and assigns them a status of Bullish" or Bearish." The resulting BullandBearWise Index is a unique combination of fundamental underlying economic data combined with key financial and market price indexes. Click here to view the Indexs history for the past five years.

BullandBearWise also parses Federal Reserve web pages to better represent Federal Reserve activity in an easy-to-understand graphic format:

Daily chart showing the last 30 days of Federal Open Market Operations activity.

Daily chart showing the last 30 days of Federal Open Market Operations balances. Since there are repos maturing everyday, this chart uniquely shows the net repos outstanding and is better representative of how the Fed is adding to or draining from the reserve system.

Daily chart showing the last 30 days securities lending and permanent ops activity.

Weekly chart showing the last year of System Open Market Account (SOMA) balances, including the ratio of SOMA holdings to M3, thus indicating the Feds appetite for longer-maturity bonds.

Weekly chart showing five years of money supply (M1, M2, M3) rate of change.
Several additional menus are available from the BullandBearWise home page:

U.S. Debt contains charts summarizing the extent and nature of U.S. debt.

At Issue contains various charts reflecting controversial economic data.

# # #