I posted a similar thread over on /r/wsb, but I figure there would be more intelligent discussion over here.
Over the past few weeks, I have started looking into the world of the stock market and have decided that leveraged ETFs are amazing, but require a reasonable market timing strategy. Thus, the need to discover leading market indicators that aren't wildly inaccurate like the LEI was necessary.
Over the past weekend, I went rooting around for these indicators, and here's what I've found:
Strongest Leading Indicator - Motor Vehicle Retail Sales: Heavy Weight Trucks: https://fred.stlouisfed.org/series/HTRUCKSSAAR
Strong Leading Indicator - New Private Housing Units Authorized by Building Permits https://fred.stlouisfed.org/series/PERMIT
Somewhat Strong Leading Indicator - Civilian Unemployment Rate (unemployment flatlining or starting to rise) https://fred.stlouisfed.org/series/UNRATE
Okayish Leading Indicator - Hotel Stock Prices Decline (Marriot, Hilton, etc)
My question to all of you is, have you found any more? If so, please consider providing links to graphs that clearly illustrate your trend. We could easily put together a leading market indicator index based on trends that aren't total garbage.
Submitted January 29, 2018 at 12:25PM by WilliamNyeTho http://ift.tt/2rMnwrv
