200-Day Moving Averages

1 Stock Market Indicators: 200-Day Moving AveragesYardeni Research, 25, 2022Dr. Ed visit our sites outside the boxTable Of ContentsTable Of ContentsTable Of ContentsJuly 25, 2022 / 200-Day Moving Averages Research, 500 Moving Averages1-5S&P 500 Sectors Stock Price Index & 200-dma6S&P 500 Sectors Stock Price Index Versus 200-dma7200-Day Moving Averages8-152008200920102011201220132014 2015201620172018201920202021202220232024 5001000150020002500300035004000450050005 5005001000150020002500300035004000450050 005500S&P 500 STOCK PRICE INDEX(ratio scale, daily)7 (517) (70) (157) (28) (60) (62) (34) (19) (27) (96) (100) (13) (95) (34) (32) (21) (32) (164)S&P 500 ( )50-dma ( )200-dma ( )Note.

2 Corrections are declines of 10% or more, but less than 20%, while minor ones are 5%-10% (all in blue shades). Bear markets are declines of 20%or more (in red shades). Number of calendar days in : Standard & Poor 500 INDEX(as a percent of 200-Day Moving average )7/22 Latest ( ) (517) (70) (157) (28) (60) (62) (34) (19) (27) (96) (100) (13) (95) (34) (33) (21) (32) (128)Note: Corrections are declines of 10% or more, while minor ones are 5%-10% (all in blues shades). Bear markets are declines of 20% or more (in red shades).Number of calendar days in : Standard & Poor 500 Moving AveragesPage 1 / July 25, 2022 / 200-Day Moving Averages Research, 500(ratio scale)7/22S&P 500 Index ( )50-day Moving average ( ) 200-Day Moving average ( )Source: Standard & Poor 500 TRANSPORATION INDEX(ratio scale)7/22S&P 500 Transportation ( )50-dma ( )200-dma ( )Source: Standard & Poor s 500 Moving AveragesPage 2 / July 25, 2022 / 200-Day Moving Averages Research, JONES INDUSTRIALS average (ratio scale)7/22 Dow Jones ( )50-day Moving average ( ) 200-Day Moving average ( )Source.

3 Haver JONES TRANSPORTATION INDEX(ratio scale)7/22 Dow Jones Transporation Index ( ) 200-Day Moving average ( )50-day Moving average ( )Source: Haver 500 Moving AveragesPage 3 / July 25, 2022 / 200-Day Moving Averages Research, (ratio scale)7/22 Source: Haver ( )50-dma ( )200-dma ( ) 5000(ratio scale)7/22 Source: Haver 5000 ( )50-day Moving average ( ) 200-Day Moving average ( ) 500 Moving AveragesPage 4 / July 25, 2022 / 200-Day Moving Averages Research, 400(ratio scale)7/22 Source: Standard & Poor 400 ( )50-day Moving average ( ) 200-Day Moving average ( ) 600(ratio scale)7/22 Source: Standard & Poor 600 ( )50-day Moving average ( ) 200-Day Moving average ( ) 500 Moving AveragesPage 5 / July 25, 2022 / 200-Day Moving Averages Research, 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 246001400220030003800460054007/22S&P 500*(price indexes)

4 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2422562510251425182522257/22 HEALTH CARE06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24751251752252753257/22 COMMUNICATION SERVICES06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2412532552572592511257/22 INDUSTRIALS06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241007001300190025007/22 CONSUMER DISCRETIONARY06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2417597517752575337541757/22 INFORMATION TECHNOLOGY06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241753004255506758009257/22 CONSUMER STAPLES06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241003005007007/22 MATERIALS06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2415035055075095011507/22 ENERGY06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24401101802503203907/22 REAL ESTATE06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 247527547567587510757/22 FINANCIALSI ncludes Real Estatethrough September 2016 Source.

5 Haver Analytics and Standard & Poor s Moving average * S&P 500 sector price indexes on ratio 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241001752503254004757 500 Sectors Stock Price Index & 200-dmaPage 6 / July 25, 2022 / 200-Day Moving Averages Research, 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-60-40-20020406080S&P 500(price index as percentage of 200-dma)7/22% from 200-dma ( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-30-150153045 HEALTH CARE7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-40-2002040 COMMUNICATION SERVICES7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-60-40-200204060 INDUSTRIALS7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-60-40-200204060 CONSUMER DISCRETIONARY7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-60-40-200204060 INFORMATION TECHNOLOGY7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-30-1501530 CONSUMER STAPLES7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-60-40-200204060 MATERIALS7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-75-60-45-30-15015304560 ENERGY7/22( )

6 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-75-50-250255075 REAL ESTATE7/22( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-80-60-40-20020406080 FINANCIALS7/22 Source: Standard & Poor Real Estatethrough September 2016( )06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-40-2002040 UTILITIES7/22( ) 500 Sectors Stock Price Index Versus 200-dmaPage 7 / July 25, 2022 / 200-Day Moving Averages Research, 500 SECTOR PRICE INDEXES*( 200-Day Moving Averages , ratio scale)7/22 Consumer DiscretionaryConsumer StaplesHealth CareInformation Technology200720082009201020112012201320 1420152016201720182019202020212022202320 2410020030040050060070080090010001002003 0040050060070080090010007/22 EnergyMaterialsIndustrials20072008200920 1020112012201320142015201620172018201920 2020212022202320246016026036046056066076 0601602603604605606607607/22 Communication ServicesFinancialsReal EstateUtilitiesNote: Shaded red areas denote S&P 500 bear market declines of 20% or more.

7 Yellow areas show bull : Standard & Poor Moving AveragesPage 8 / July 25, 2022 / 200-Day Moving Averages Research, 400 SECTOR PRICE INDEXES*( 200-Day Moving Averages , ratio scale)7/22 Consumer DiscretionaryConsumer StaplesHealth CareInformation Technology200720082009201020112012201320 1420152016201720182019202020212022202320 2410040070010001300160019001004007001000 1300160019007/22 EnergyMaterialsIndustrials20072008200920 1020112012201320142015201620172018201920 2020212022202320247027047067087010701270 1470702704706708701070127014707/22 Communication ServicesFinancialsReal EstateUtilitiesNote: Shaded red areas denote S&P 500 bear market declines of 20% or more. Yellow areas show bull : Standard & Poor Moving AveragesPage 9 / July 25, 2022 / 200-Day Moving Averages Research, 600 SECTOR PRICE INDEXES*( 200-Day Moving Averages , ratio scale)7/22 Consumer DiscretionaryConsumer StaplesHealth CareInformation Technology200720082009201020112012201320 1420152016201720182019202020212022202320 2410040070010001300160019001004007001000 1300160019007/22 EnergyMaterialsIndustrials20072008200920 1020112012201320142015201620172018201920 2020212022202320247027047067087010701270 1470702704706708701070127014707/22 Communication Services (times 75 for scaling)FinancialsReal EstateUtilitiesNote.

8 Shaded red areas denote S&P 500 bear market declines of 20% or more. Yellow areas show bull : Standard & Poor Moving AveragesPage 10 / July 25, 2022 / 200-Day Moving Averages Research, 500 INDEX & ISM MANUFACTURING7/22 Jun% from 200-Day Moving averageISM Manufacturing Composite Source: Standard & Poor s and Institute of Supply 500 SECTOR PRICE INDEXES*(52-day Moving average , ratio scale)7/2252-Day Moving AverageConsumer DisrcretionaryConsumer StaplesHealth CareInformation TechnologySource: Standard & Poor s.* S&P 500 sector price indexes on ratio Moving AveragesPage 11 / July 25, 2022 / 200-Day Moving Averages Research, 500 SECTOR PRICE INDEXES*(52-day Moving average , ratio scale)7/2252-Day Moving AverageEnergyMaterialsIndustrialsSource: Standard & Poor s.

9 * S&P 500 sector price indexes on ratio 500 SECTOR PRICE INDEXES*(52-day Moving average , ratio scale)7/2252-Day Moving AverageCommunication ServicesFinancialsReal EstateUtilitiesSource: Standard & Poor s.* S&P 500 sector price indexes on ratio Moving AveragesPage 12 / July 25, 2022 / 200-Day Moving Averages Research, 500 INDEX(as a percent of 200-Day Moving average )7/22 Latest ( )200820092010201120122013201420152016201 72018201920202021202220232024-50-40-30-2 0-10010203040-50-40-30-20-10010203040S&P 400 INDEX(as a percent of 200-Day Moving average )7/22 Latest ( )200820092010201120122013201420152016201 72018201920202021202220232024-50-40-30-2 0-1001020304050-50-40-30-20-100102030405 0S&P 600 INDEX(as a percent of 200-Day Moving average )7/22 Latest ( )Source.

10 Standard & Poor Moving AveragesPage 13 / July 25, 2022 / 200-Day Moving Averages Research, 500 SECTOR PRICE INDEXES*(50-day Moving average , ratio scale)7/2250-Day Moving AverageConsumer DisrcretionaryConsumer StaplesHealth CareInformation 500 SECTOR PRICE INDEXES*(50-day Moving average , ratio scale)7/2250-Day Moving 500 SECTOR PRICE INDEXES*(50-day Moving average , ratio scale)7/2250-Day Moving AverageCommunication ServicesFinancialsReal EstateUtilities*S&P 500 sector price indexes on ratio scales. Source: Standard & Poor Moving AveragesPage 14 / July 25, 2022 / 200-Day Moving Averages Research, 400 SECTOR PRICE INDEXES*(50-day Moving Averages , ratio scale)7/22 Consumer DiscretionaryConsumer StaplesHealth CareInformation Technology200720082009201020112012201320 1420152016201720182019202020212022202320 2410040070010001300160019001004007001000 1300160019007/22 EnergyMaterialsIndustrials20072008200920 1020112012201320142015201620172018201920 2020212022202320247027047067087010701270 14707027047067087010701270