Monitoring Ten Major Asset Categories
We believe that these ten exchange traded products can give a fairly wide angle, macro view of world market conditions:
- VTI - US Stocks
- EFA - Non-US Developed Market Stocks
- EEM - Emerging Market Stocks
- DJP - Global Commodities
- VNQ - US Equity REITs
- AGG - US Bonds, excluding Municipals
- IEF - US Treasuries (7-10 Yr)
- UUP - US Dollar Index
- USO - Crude Oil
- GLD - Gold Bullion.
If you pay close attention to them, you will probably be pretty well “plugged-in” to the big picture.
Here are some charts and tables as of November 17, 2008 that shed some light on those ten asset categories in terms of price levels.
click images to enlarge
200-Day Line Chart
(from www.StockCharts.com)
2-Month Candlesticks with Money Flow
(from www.StockCharts.com)
1-Year Candlesticks with Money Flow
(from www.StockCharts.com)
Short-Term Returns
(from QVM Group)
Price Position Relative to 52wk Hi, 52wk Lo and Averages
(from www.Yahoo.com)
Risk Grades, % Change to Hi, Lo, Averages, Position in Range
(from QVM Group and www.RiskGrades.com)
Go to Risk Grades site for interpretation of their data.
We’ll comment on these and other data in a subsequent post, but think you might like to have this information at your disposal.
Richard Shaw
QVM Group LLC