[isatrader]

I thought it would be interesting to add some Economic Indicators to the market breadth set that I look at on here as they give an alternate insight into the market moves. They are monthly datasets, and tend to lag, but look to have a good correlation especially on the long term trends. So attached is the 20 year US Non-Farm Payrolls chart, the 13 year S&P Case-Shiller Home Price Index chart and the 20 year US Unemployment Rate chart. The Case-Shiller Home Price Index is just moving into Stage 2A for the first time since it topped out in 2006 which is a positive for housing in the US. Home builder stocks have obviously been anticipating this and have had huge moves over the last year or so, and so it will be interesting to see if the improving fundamental data in housing will help continue their Stage 2 runs.