I would like to put new idea and think out of the box in term of investing. I always like to find new way to anticipate market and found my hedge.
I came accross idea that connect my backgroup knowledge and technical anlaysis. Why not taking economic indicator and try to incorporate into technical analysis. Sure economic indicator are analyse from lagging, leading and coincident from each others. But I came accross on the net that a economic indicator that analyse multiple economic indicator and came with a weekly leading index. You can download the data from there website and plot on your chart platform.
Interesting chart, thanks for posting. The weekly leading index really does appear to lead the SPX much of the time, and appears to be more decisive when it starts to trend. There are a number of occasions I can see on the chart when the weekly leading index showed a clear trend change earlier than SPX did.
This is what I will look for my long term investment. One of my criteria. Because it's seem be good in general to detect the big picture of what it going on with the economy. Not the holly grail but a good picture. I upload the my data series that I use on my chart.