But now, Hussman notes in his latest market commentary that the ECRI Weekly Leading Index, which has been a leading indicator for the ISM index, has declined to -6.9%, a bad sign.
The Services PMI index is a key indicator of the European economy, more so than the index for manufacturing.
Of course, in very strong bull or bear markets, we must rely on technical indicators that can stay with strongly trending markets, as momentum indicators like the Moving Average Convergence Divergence (MACD) indicator or Relative Strength Index (RSI) will top or bottom out well ahead of prices.
Market technician Arthur Hill on Stockcharts.com notes some exceptionally rare oversold readings on the SPY chart on an indicator called the commodity channel index (CCI).
One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
There's one other important indicator on our Mother's Index: political status.
January's increase comes after three months of declines in the index, which is a key indicator of inflation.
How's this for a contrary indicator: The first exchange-traded bond index funds debuted last Friday and then were followed by Monday's ferocious stock market rally.
The 1996-97 data indicates that the index is more of a trailing indicator than a leading indicator--consumers get confident after things get good, not before.
The Philadelphia Federal Reserve's February index of business activity, an indicator of business conditions for manufacturers in the region, posted a surprise decline to -12.5, while a positive reading had been expected.
China's official Purchasing Managers' Index (PMI), a key indicator of activity in the sector, stood at 50.6 in December.
Another indicator of strengthening China and Asian markets is the Baltic Dry Index, up over 1, 000 in less than 48 hours, and rising from 663 four weeks ago.
It found every 10% rise in body mass index (BMI) - used as an indicator of body fat - led to a 4% drop of available vitamin D in the body.
We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
FORBES: Enterprise Products Partners (EPD) Shares Enter Overbought Territory
We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
In fact, you should never buy or sell stocks based on any single sentiment indicator, whether it is our survey, the State Street Investor Confidence Index or the Investors Intelligence Advisors Survey.
The ZEW economic-sentiment indicator dropped more than expected in April, helping send Germany's DAX index down 0.4%.
Hussman recently noted that of the four pieces of his recession indicator, the only one not yet signaling a recession was the ISM Purchasing Managers Index, which needs to fall to 54 or lower.
Whereas big swings in oil prices usually reflect supply shocks, and precious metals are often seen as a safe haven in times of crisis, The Economist's commodity price index (which excludes oil and precious metals) has traditionally been a fairly good leading indicator of turning-points in global industrial output.
ECONOMIST: The prices of most raw materials have been surging
The forward-looking indicator for general business conditions experienced a sharp fall as well, dropping to 22.45 on the index from 52.69 from May, driven by a larger number of manufacturers that now expect business conditions to worsen.
FORBES: Weakening Consumer And Manufacturing In U.S. Dishearten Markets
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