Major Trend Index
The Major Trend Index Fell 0.01 to 1.15
The Major Trend Index fell 0.01 to 1.15 in the week ended June 6th, with sizable changes in three categories largely cancelling one another out.
MTI Rebounds From Mid-Month Dip
After sinking to a four-month low of 1.10 mid-month, the MTI rallied in the final two weeks of May to close the month at 1.16—unchanged from the reading four weeks earlier.
Major Trend Index Rose 0.05 to 1.15
The Major Trend Index rose 0.05 to 1.15 in the week ended May 23rd, bouncing sharply off the four-month low recorded in the prior week
Major Trend Index Down 0.02 to 1.10
The Major Trend Index fell 0.02 to 1.10 in the week ended May 16th.
Momentum/Breadth/Divergence Dips But Still Healthy - MTI 1.12
Despite last Friday’s close in the DJIA at cycle highs, the Major Trend Index for the week slipped 0.04 to 1.12.
Sun Rises In The East; MTI Remains Bullish
The Major Trend Index remained bullish throughout the month of April, and closed the week of May 2nd at a moderate 1.16—up 0.01 from four weeks earlier.
Major Trend Index Fell 0.04 to 1.15
The Major Trend Index fell 0.04 to 1.15 in the week ended April 25th, driven largely by a moderate loss in the Momentum/Breadth/Divergence category.
Major Trend Index Rose 0.02 To 1.19
The Major Trend Index extended its bullish streak in the week ended April 18th, rising 0.02 to a level of 1.19.
Major Trend Index Rose 0.02 to 1.17
The Major Trend Index rose 0.02 to 1.17 in the week ended April 11th, resulting mostly from another weekly gain in the Attitudinal category.
Major Trend Index Pulls Back From Multi-Month High; Still Bullish
The Major Trend Index closed the week of April 4th at 1.15, down from a five-month high of 1.21 recorded at the end of February.
The Major Trend Index Dropped 0.07 to 1.14
The Major Trend Index dropped 0.07 to 1.14 in the week ended March 28th, driven almost entirely by a steep decline in the Supply/Demand category.
Major Trend rose 0.02 to 1.21
The Major Trend Index rose 0.02 to 1.21 in the week ended March 21st, matching its high for the rally leg off last summer's lows.
Major Trend Index Rose Slightly to 1.19
The Major Trend Index rose 0.01 to 1.19 in the week ended March 14th, with none of its categories witnessing a major swing during the week. This continues to support our aggressive net equity exposure levels of 65% in both the Leuthold Core and Global Funds.
Major Trend Index Declined Slightly to 1.18
The Major Trend Index declined 0.03 to 1.18 in the week ended March 7th. The MTI and related market disciplines continue to support above-average allocations to equities in the Core Fund and Global Fund; net equity exposure in both funds now stands at 65%.
Major Trend Closes February At Five-Month High Of 1.21
For the final week of February, the Major Trend Index closed at a five-month high of 1.21, up sharply from 1.09 at the end of January. While this bull market’s duration (five years) and magnitude (S&P gain of +175%) have exceeded our most optimistic expectations, the MTI and its related disciplines continue supporting our above-average exposure to equities in tactical accounts.
Major Trend Hits Five-Month High Of 1.21
The Major Trend Index jumped 0.06 last week to a five-month high of 1.21. We covered a tactical 2% short position, and the Core and Global Funds are positioned fairly aggressively, with net equity exposure of 65% and 63%, respectively.
Bullish Streak Extends To 26 Months
The Major Trend Index remains on its extended bullish streak, closing up 0.03 to 1.15 for the week ended February 14th.
Bullish Major Trend Rises Slightly In Latest Reading
The Major Trend Index rose 0.03 to 1.12 in the week ended February 7th, but it remains on the low end of its positive range.
Major Trend Remains Bullish
The Major Trend Index fell 0.01 to 1.11 in the week ended January 24th, remaining on the low end of its bullish zone.
Major Trend Index Slips But Stays Positive
The Major Trend Index fell 0.03 to 1.12 in the week ended January 17th, a reading that’s on the low end of the tight trading range it’s occupied over the last six months.