The Fed Indicator
The Federal Funds Rate
Year |
Month |
Increase/ Decrease |
Fade |
Total |
Grade |
|
December |
1 |
|
4 |
|
|
November |
1 |
|
3 |
|
|
October |
|
|
2 |
|
|
September |
2 |
|
2 |
Ex Bullish |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2024 |
January |
|
1 |
0 |
Neutral |
2023 |
December |
|
|
-1 |
Mod Bearish |
|
November |
|
1 |
-1 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
|
1 |
-2 |
Mod Bearish |
|
August |
|
1 |
-3 |
Ex Bearish |
|
July |
-1 |
|
-4 |
Ex Bearish |
|
June |
|
1 |
-3 |
Ex Bearish |
|
May |
-1 |
1 |
-4 |
Ex Bearish |
|
April |
|
|
-4 |
Ex Bearish |
|
March |
-1 |
1 |
-4 |
Ex Bearish |
|
February |
-1 |
|
-4 |
Ex Bearish |
2023 |
January |
|
1 |
-3 |
Ex Bearish |
2022 |
December |
-1 |
1 |
-4 |
Ex Bearish |
|
November |
-1 |
1 |
-4 |
Ex Bearish |
|
October |
|
|
-4 |
Ex Bearish |
|
September |
-1 |
1 |
-4 |
Ex Bearish |
|
August |
|
|
-4 |
Ex Bearish |
|
July |
-1 |
|
-4 |
Ex Bearish |
|
June |
-1 |
|
-3 |
Ex Bearish |
|
May |
-1 |
|
-2 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
-1 |
|
-1 |
Mod Bearish |
|
February |
|
|
0 |
Neutral |
2022 |
January |
|
|
0 |
Neutral |
2021 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2021 |
January |
|
|
0 |
Neutral |
2020 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
-1 |
0 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
-1 |
1 |
Neutral |
|
June |
|
|
2 |
Ex Bullish |
|
May |
|
|
2 |
Ex Bullish |
|
April |
|
-1 |
2 |
Ex Bullish |
|
March |
1 |
-1 |
3 |
Ex Bullish |
|
February |
|
|
3 |
Ex Bullish |
2020 |
January |
|
-1 |
3 |
Ex Bullish |
2019 |
December |
|
|
4 |
Ex Bullish |
|
November |
|
|
4 |
Ex Bullish |
|
October |
1 |
|
4 |
Ex Bullish |
|
September |
1 |
|
3 |
Ex Bullish |
|
August |
|
|
2 |
Ex Bullish |
|
July |
2 |
|
2 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
|
1 |
-1 |
Mod Bearish |
|
February |
|
|
-2 |
Mod Bearish |
2019 |
January |
|
|
-2 |
Mod Bearish |
2018 |
December |
-1 |
1 |
-2 |
Mod Bearish |
|
November |
|
|
-2 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
-1 |
1 |
-2 |
Mod Bearish |
|
August |
|
|
-2 |
Mod Bearish |
|
July |
|
|
-2 |
Mod Bearish |
|
June |
-1 |
1 |
-2 |
Mod Bearish |
|
May |
|
|
-2 |
Mod Bearish |
|
April |
|
|
-2 |
Mod Bearish |
|
March |
-1 |
1 |
-2 |
Mod Bearish |
|
February |
|
|
-1 |
Mod Bearish |
2018 |
January |
|
|
-1 |
Mod Bearish |
2017 |
December |
-1 |
1 |
-1 |
Mod Bearish |
|
November |
|
|
-1 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
|
1 |
-1 |
Mod Bearish |
|
August |
|
|
-2 |
Mod Bearish |
|
July |
|
|
-2 |
Mod Bearish |
|
June |
-1 |
1 |
-2 |
Mod Bearish |
|
May |
|
|
-2 |
Mod Bearish |
|
April |
|
|
-2 |
Mod Bearish |
|
March |
-1 |
|
-2 |
Mod Bearish |
|
February |
|
|
-1 |
Mod Bearish |
2017 |
January |
|
|
-1 |
Mod Bearish |
2016 |
December |
-1 |
|
-1 |
Mod Bearish |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
1 |
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
|
|
-1 |
Mod Bearish |
|
February |
|
|
-1 |
Mod Bearish |
2016 |
January |
|
|
-1 |
Mod Bearish |
2015 |
December |
-1 |
|
-1 |
Mod Bearish |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2015 |
January |
|
|
0 |
Neutral |
2014 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2014 |
January |
|
|
0 |
Neutral |
2013 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2013 |
January |
|
|
0 |
Neutral |
2012 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2012 |
January |
|
|
0 |
Neutral |
2011 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2011 |
January |
|
|
0 |
Neutral |
2010 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2010 |
January |
|
|
0 |
Neutral |
2009 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
-1 |
0 |
Neutral |
|
May |
|
|
1 |
Neutral |
|
April |
|
-2 |
1 |
Neutral |
|
March |
|
|
3 |
Ex Bullish |
|
February |
|
|
3 |
Ex Bullish |
2009 |
January |
|
|
3 |
Ex Bullish |
2008 |
December |
1 |
|
3 |
Ex Bullish |
|
November |
|
|
2 |
Ex Bullish |
|
October |
2 |
-1 |
2 |
Ex Bullish |
|
September |
|
-2 |
1 |
Neutral |
|
August |
|
|
3 |
Ex Bullish |
|
July |
|
-2 |
3 |
Ex Bullish |
|
June |
|
-1 |
5 |
Ex Bullish |
|
May |
|
|
6 |
Ex Bullish |
|
April |
1 |
-1 |
6 |
Ex Bullish |
|
March |
1 |
-1 |
6 |
Ex Bullish |
|
February |
|
|
6 |
Ex Bullish |
2008 |
January |
2 |
|
6 |
Ex Bullish |
2007 |
December |
1 |
|
4 |
Ex Bullish |
|
November |
|
|
3 |
Ex Bullish |
|
October |
1 |
|
3 |
Ex Bullish |
|
September |
2 |
|
2 |
Ex Bullish |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2007 |
January |
|
|
0 |
Neutral |
2006 |
December |
|
1 |
0 |
Neutral |
|
November |
|
1 |
-1 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
|
1 |
-2 |
Mod Bearish |
|
August |
|
|
-3 |
Ex Bearish |
|
July |
|
1 |
-3 |
Ex Bearish |
|
June |
-1 |
1 |
-4 |
Ex Bearish |
|
May |
-1 |
1 |
-4 |
Ex Bearish |
|
April |
|
|
-4 |
Ex Bearish |
|
March |
-1 |
1 |
-4 |
Ex Bearish |
|
February |
|
1 |
-4 |
Ex Bearish |
2006 |
January |
-1 |
|
-5 |
Ex Bearish |
2005 |
December |
-1 |
1 |
-4 |
Ex Bearish |
|
November |
-1 |
1 |
-4 |
Ex Bearish |
|
October |
|
|
-4 |
Ex Bearish |
|
September |
-1 |
1 |
-4 |
Ex Bearish |
|
August |
-1 |
1 |
-4 |
Ex Bearish |
|
July |
|
|
-4 |
Ex Bearish |
|
June |
-1 |
1 |
-4 |
Ex Bearish |
|
May |
-1 |
1 |
-4 |
Ex Bearish |
|
April |
|
|
-4 |
Ex Bearish |
|
March |
-1 |
1 |
-4 |
Ex Bearish |
|
February |
-1 |
1 |
-4 |
Ex Bearish |
2005 |
January |
|
|
-4 |
Ex Bearish |
2004 |
December |
-1 |
1 |
-4 |
Ex Bearish |
|
November |
-1 |
|
-4 |
Ex Bearish |
|
October |
|
|
-3 |
Ex Bearish |
|
September |
-1 |
|
-3 |
Ex Bearish |
|
August |
-1 |
|
-2 |
Mod Bearish |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
-1 |
|
-1 |
Mod Bearish |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2004 |
January |
|
|
0 |
Neutral |
2003 |
December |
|
-1 |
0 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
|
1 |
Neutral |
|
June |
1 |
|
1 |
Neutral |
|
May |
|
-1 |
0 |
Neutral |
|
April |
|
|
1 |
Neutral |
|
March |
|
|
1 |
Neutral |
|
February |
|
|
1 |
Neutral |
2003 |
January |
|
|
1 |
Neutral |
2002 |
December |
|
|
1 |
Neutral |
|
November |
1 |
|
1 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
-1 |
0 |
Neutral |
|
May |
|
-1 |
1 |
Neutral |
|
April |
|
-1 |
2 |
Ex Bullish |
|
March |
|
-1 |
3 |
Ex Bullish |
|
February |
|
-1 |
4 |
Ex Bullish |
2002 |
January |
|
-1 |
5 |
Ex Bullish |
2001 |
December |
1 |
-1 |
6 |
Ex Bullish |
|
November |
1 |
-1 |
6 |
Ex Bullish |
|
October |
1 |
-1 |
6 |
Ex Bullish |
|
September |
1 |
-1 |
6 |
Ex Bullish |
|
August |
1 |
|
6 |
Ex Bullish |
|
July |
|
-2 |
5 |
Ex Bullish |
|
June |
1 |
|
7 |
Ex Bullish |
|
May |
1 |
|
6 |
Ex Bullish |
|
April |
1 |
|
5 |
Ex Bullish |
|
March |
1 |
|
4 |
Ex Bullish |
|
February |
|
|
3 |
Ex Bullish |
2001 |
January |
3 |
|
3 |
Ex Bullish |
2000 |
December |
|
|
-1 |
Mod Bearish |
|
November |
|
1 |
-1 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
|
1 |
-2 |
Mod Bearish |
|
August |
|
1 |
-3 |
Ex Bearish |
|
July |
|
|
-4 |
Ex Bearish |
|
June |
|
|
-4 |
Ex Bearish |
|
May |
-1 |
1 |
-4 |
Ex Bearish |
|
April |
|
|
-4 |
Ex Bearish |
|
March |
-1 |
|
-4 |
Ex Bearish |
|
February |
-1 |
1 |
-3 |
Ex Bearish |
2000 |
January |
|
|
-3 |
Ex Bearish |
1999 |
December |
|
1 |
-3 |
Ex Bearish |
|
November |
-1 |
|
-4 |
Ex Bearish |
|
October |
|
|
-3 |
Ex Bearish |
|
September |
|
-1 |
-3 |
Ex Bearish |
|
August |
-1 |
|
-2 |
Mod Bearish |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
-1 |
|
-1 |
Mod Bearish |
|
May |
|
-1 |
1 |
Neutral |
|
April |
|
-1 |
2 |
Ex Bullish |
|
March |
|
-1 |
3 |
Ex Bullish |
|
February |
|
|
4 |
Ex Bullish |
1999 |
January |
|
|
4 |
Ex Bullish |
1998 |
December |
|
|
4 |
Ex Bullish |
|
November |
1 |
|
4 |
Ex Bullish |
|
October |
1 |
|
3 |
Ex Bullish |
|
September |
2 |
|
2 |
Ex Bullish |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1998 |
January |
|
|
0 |
Neutral |
1997 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
1 |
0 |
Neutral |
|
August |
|
|
-1 |
Mod Bearish |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
|
|
-1 |
Mod Bearish |
|
May |
|
|
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
-1 |
|
-1 |
Mod Bearish |
|
February |
|
|
1 |
Neutral |
1997 |
January |
|
|
1 |
Neutral |
1996 |
December |
|
|
1 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
-2 |
1 |
Neutral |
|
June |
|
-1 |
3 |
Ex Bullish |
|
May |
|
|
4 |
Ex Bullish |
|
April |
|
|
4 |
Ex Bullish |
|
March |
|
|
4 |
Ex Bullish |
|
February |
|
|
4 |
Ex Bullish |
1996 |
January |
1 |
-1 |
4 |
Ex Bullish |
1995 |
December |
1 |
|
4 |
Ex Bullish |
|
November |
|
|
3 |
Ex Bullish |
|
October |
|
|
3 |
Ex Bullish |
|
September |
|
|
3 |
Ex Bullish |
|
August |
|
1 |
3 |
Ex Bullish |
|
July |
2 |
|
2 |
Ex Bullish |
|
June |
|
|
-1 |
Mod Bearish |
|
May |
|
1 |
-1 |
Mod Bearish |
|
April |
|
|
-2 |
Mod Bearish |
|
March |
|
|
-2 |
Mod Bearish |
|
February |
-1 |
1 |
-2 |
Mod Bearish |
1995 |
January |
|
|
-2 |
Mod Bearish |
1994 |
December |
|
|
-2 |
Mod Bearish |
|
November |
-1 |
1 |
-2 |
Mod Bearish |
|
October |
|
1 |
-2 |
Mod Bearish |
|
September |
|
1 |
-3 |
Ex Bearish |
|
August |
-1 |
1 |
-4 |
Ex Bearish |
|
July |
|
|
-4 |
Ex Bearish |
|
June |
|
|
-4 |
Ex Bearish |
|
May |
-1 |
|
-4 |
Ex Bearish |
|
April |
-1 |
|
-3 |
Ex Bearish |
|
March |
-1 |
|
-2 |
Mod Bearish |
|
February |
-1 |
|
-1 |
Mod Bearish |
1994 |
January |
|
|
6 |
Ex Bullish |
1993 |
December |
|
|
6 |
Ex Bullish |
|
November |
|
|
6 |
Ex Bullish |
|
October |
|
|
6 |
Ex Bullish |
|
September |
|
|
6 |
Ex Bullish |
|
August |
|
|
6 |
Ex Bullish |
|
July |
|
|
6 |
Ex Bullish |
|
June |
|
|
6 |
Ex Bullish |
|
May |
|
|
6 |
Ex Bullish |
|
April |
|
|
6 |
Ex Bullish |
|
March |
|
-1 |
6 |
Ex Bullish |
|
February |
|
|
7 |
Ex Bullish |
1993 |
January |
|
-1 |
7 |
Ex Bullish |
1992 |
December |
|
|
8 |
Ex Bullish |
|
November |
|
|
8 |
Ex Bullish |
|
October |
|
-1 |
8 |
Ex Bullish |
|
September |
1 |
|
9 |
Ex Bullish |
|
August |
|
|
8 |
Ex Bullish |
|
July |
1 |
|
8 |
Ex Bullish |
|
June |
|
-2 |
7 |
Ex Bullish |
|
May |
|
-1 |
9 |
Ex Bullish |
|
April |
1 |
-1 |
10 |
Ex Bullish |
|
March |
|
-1 |
10 |
Ex Bullish |
|
February |
|
-1 |
11 |
Ex Bullish |
1992 |
January |
|
|
12 |
Ex Bullish |
1991 |
December |
2 |
|
12 |
Ex Bullish |
|
November |
1 |
|
10 |
Ex Bullish |
|
October |
1 |
-1 |
9 |
Ex Bullish |
|
September |
1 |
-1 |
9 |
Ex Bullish |
|
August |
1 |
-1 |
9 |
Ex Bullish |
|
July |
|
-1 |
9 |
Ex Bullish |
|
June |
|
-2 |
10 |
Ex Bullish |
|
May |
|
-1 |
12 |
Ex Bullish |
|
April |
1 |
-1 |
13 |
Ex Bullish |
|
March |
1 |
|
13 |
Ex Bullish |
|
February |
1 |
|
12 |
Ex Bullish |
1991 |
January |
1 |
-1 |
11 |
Ex Bullish |
1990 |
December |
2 |
|
11 |
Ex Bullish |
|
November |
1 |
|
9 |
Ex Bullish |
|
October |
1 |
|
8 |
Ex Bullish |
|
September |
|
|
7 |
Ex Bullish |
|
August |
|
|
7 |
Ex Bullish |
|
July |
1 |
|
7 |
Ex Bullish |
|
June |
|
-1 |
6 |
Ex Bullish |
|
May |
|
-1 |
7 |
Ex Bullish |
|
April |
|
-1 |
8 |
Ex Bullish |
|
March |
|
-1 |
9 |
Ex Bullish |
|
February |
|
-1 |
10 |
Ex Bullish |
1990 |
January |
|
-1 |
11 |
Ex Bullish |
1989 |
December |
1 |
|
12 |
Ex Bullish |
|
November |
1 |
|
11 |
Ex Bullish |
|
October |
1 |
|
10 |
Ex Bullish |
|
September |
1 |
|
9 |
Ex Bullish |
|
August |
1 |
2 |
8 |
Ex Bullish |
|
July |
1 |
1 |
5 |
Ex Bullish |
|
June |
2 |
1 |
3 |
Ex Bullish |
|
May |
|
1 |
-7 |
Ex Bearish |
|
April |
|
|
-8 |
Ex Bearish |
|
March |
|
|
-8 |
Ex Bearish |
|
February |
-2 |
2 |
-8 |
Ex Bearish |
1989 |
January |
-1 |
1 |
-8 |
Ex Bearish |
1988 |
December |
-1 |
1 |
-8 |
Ex Bearish |
|
November |
-1 |
1 |
-8 |
Ex Bearish |
|
October |
|
0 |
-8 |
Ex Bearish |
|
September |
|
1 |
-8 |
Ex Bearish |
|
August |
-2 |
|
-9 |
Ex Bearish |
|
July |
-1 |
-1 |
-7 |
Ex Bearish |
|
June |
-1 |
|
-5 |
Ex Bearish |
|
May |
-1 |
|
-4 |
Ex Bearish |
|
April |
-1 |
-1 |
-3 |
Ex Bearish |
|
March |
-1 |
2 |
-1 |
Mod Bearish |
|
February |
|
|
5 |
Ex Bullish |
1988 |
January |
1 |
|
5 |
Ex Bullish |
1987 |
December |
|
|
4 |
Ex Bullish |
|
November |
|
1 |
4 |
Ex Bullish |
|
October |
2 |
1 |
3 |
Ex Bullish |
|
September |
-2 |
|
-6 |
Ex Bearish |
|
August |
|
2 |
-4 |
Ex Bearish |
|
July |
|
-1 |
-6 |
Ex Bearish |
|
June |
|
1 |
-5 |
Ex Bearish |
|
May |
-1 |
|
-6 |
Ex Bearish |
|
April |
-1 |
|
-5 |
Ex Bearish |
|
March |
|
|
-4 |
Ex Bearish |
|
February |
|
-2 |
-4 |
Ex Bearish |
1987 |
January |
|
-1 |
-2 |
Mod Bearish |
1986 |
December |
-1 |
|
-1 |
|
|
November |
|
1 |
3 |
|
|
October |
|
-1 |
2 |
|
|
September |
|
-1 |
3 |
|
|
August |
2 |
|
4 |
|
|
July |
2 |
|
2 |
|
|
June |
-1 |
|
-2 |
|
|
May |
-1 |
|
-1 |
|
|
April |
1 |
|
2 |
|
|
March |
1 |
|
1 |
|
|
February |
|
|
0 |
|
1986 |
January |
|
|
0 |
|
The Discount Rate
Year |
Month |
Increase/ Decrease |
Fade |
Total |
Grade |
|
December |
1 |
|
4 |
|
|
November |
1 |
|
3 |
|
|
October |
|
|
|
|
|
September |
2 |
|
2 |
Bullish |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2024 |
January |
|
1 |
0 |
Neutral |
2023 |
December |
|
|
-1 |
Mod Bearish |
|
November |
|
1 |
-1 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
|
1 |
-2 |
Mod Bearish |
|
August |
|
1 |
-3 |
Ex Bearish |
|
July |
-1 |
|
-4 |
Ex Bearish |
|
June |
|
1 |
-3 |
Ex Bearish |
|
May |
-1 |
1 |
-4 |
Ex Bearish |
|
April |
|
|
-4 |
Ex Bearish |
|
March |
-1 |
1 |
-4 |
Ex Bearish |
|
February |
-1 |
|
-4 |
Ex Bearish |
2023 |
January |
|
1 |
-3 |
Ex Bearish |
2022 |
December |
-1 |
1 |
-4 |
Ex Bearish |
|
November |
-1 |
1 |
-4 |
Ex Bearish |
|
October |
|
|
-4 |
Ex Bearish |
|
September |
-1 |
1 |
-4 |
Ex Bearish |
|
August |
|
|
-4 |
Ex Bearish |
|
July |
-1 |
|
-4 |
Ex Bearish |
|
June |
-1 |
|
-3 |
Ex Bearish |
|
May |
-1 |
|
-2 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
-1 |
|
-1 |
Mod Bearish |
|
February |
|
|
0 |
Neutral |
2022 |
January |
|
|
0 |
Neutral |
2021 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2021 |
January |
|
|
0 |
Neutral |
2020 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
-1 |
0 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
-1 |
1 |
Neutral |
|
June |
|
|
2 |
Ex Bullish |
|
May |
|
|
2 |
Ex Bullish |
|
April |
|
-1 |
2 |
Ex Bullish |
|
March |
1 |
-1 |
3 |
Ex Bullish |
|
February |
|
|
3 |
Ex Bullish |
2020 |
January |
|
-1 |
3 |
Ex Bullish |
2019 |
December |
|
|
4 |
Ex Bullish |
|
November |
|
|
4 |
Ex Bullish |
|
October |
1 |
|
4 |
Ex Bullish |
|
September |
1 |
|
3 |
Ex Bullish |
|
August |
|
|
2 |
Ex Bullish |
|
July |
2 |
|
2 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
|
|
-1 |
Mod Bearish |
|
February |
|
|
-2 |
Mod Bearish |
2019 |
January |
|
|
-2 |
Mod Bearish |
2018 |
December |
-1 |
1 |
-2 |
Mod Bearish |
|
November |
|
|
-2 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
-1 |
1 |
-2 |
Mod Bearish |
|
August |
|
|
-2 |
Mod Bearish |
|
July |
|
|
-2 |
Mod Bearish |
|
June |
-1 |
1 |
-2 |
Mod Bearish |
|
May |
|
|
-2 |
Mod Bearish |
|
April |
|
|
-2 |
Mod Bearish |
|
March |
|
|
-2 |
Mod Bearish |
|
February |
|
|
-1 |
Mod Bearish |
|
January |
|
|
-1 |
Mod Bearish |
2018 |
December |
-1 |
1 |
-1 |
Mod Bearish |
2017 |
November |
|
|
-1 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
|
1 |
-1 |
Mod Bearish |
|
August |
|
|
-2 |
Mod Bearish |
|
July |
|
|
-2 |
Mod Bearish |
|
June |
-1 |
1 |
-2 |
Mod Bearish |
|
May |
|
|
-2 |
Mod Bearish |
|
April |
|
|
-2 |
Mod Bearish |
|
March |
-1 |
|
-2 |
Mod Bearish |
|
February |
|
|
-1 |
Mod Bearish |
2017 |
January |
|
|
-1 |
Mod Bearish |
2016 |
December |
-1 |
|
-1 |
Mod Bearish |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
1 |
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
|
|
-1 |
Mod Bearish |
|
February |
|
|
-1 |
Mod Bearish |
2016 |
January |
|
|
-1 |
Mod Bearish |
2015 |
December |
-1 |
|
-1 |
Mod Bearish |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2015 |
January |
|
|
0 |
Neutral |
2014 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2014 |
January |
|
|
0 |
Neutral |
2013 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2013 |
January |
|
|
0 |
Neutral |
2012 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2012 |
January |
|
|
0 |
Neutral |
2011 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2011 |
January |
|
|
0 |
Neutral |
2010 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
1 |
0 |
Neutral |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
|
|
-1 |
Mod Bearish |
|
May |
|
|
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
|
|
-1 |
Mod Bearish |
|
February |
-1 |
|
-1 |
Mod Bearish |
2010 |
January |
|
|
0 |
Neutral |
2009 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
-1 |
0 |
Neutral |
|
May |
|
|
1 |
Neutral |
|
April |
|
-2 |
1 |
Neutral |
|
March |
|
|
3 |
Ex Bullish |
|
February |
|
|
3 |
Ex Bullish |
2009 |
January |
|
|
3 |
Ex Bullish |
2008 |
December |
1 |
|
3 |
Ex Bullish |
|
November |
|
|
2 |
Ex Bullish |
|
October |
2 |
-1 |
2 |
Ex Bullish |
|
September |
|
-2 |
1 |
Neutral |
|
August |
|
-1 |
3 |
Ex Bullish |
|
July |
|
-2 |
4 |
Ex Bullish |
|
June |
|
-1 |
6 |
Ex Bullish |
|
May |
|
|
7 |
Ex Bullish |
|
April |
1 |
-1 |
7 |
Ex Bullish |
|
March |
2 |
-1 |
7 |
Ex Bullish |
|
February |
|
-1 |
6 |
Ex Bullish |
2008 |
January |
2 |
|
7 |
Ex Bullish |
2007 |
December |
1 |
|
5 |
Ex Bullish |
|
November |
|
|
4 |
Ex Bullish |
|
October |
1 |
|
4 |
Ex Bullish |
|
September |
1 |
|
3 |
Ex Bullish |
|
August |
2 |
|
2 |
Ex Bullish |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2007 |
January |
|
|
0 |
Neutral |
2006 |
December |
|
1 |
0 |
Neutral |
|
November |
|
1 |
-1 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
|
1 |
-2 |
Mod Bearish |
|
August |
|
|
-3 |
Ex Bearish |
|
July |
|
1 |
-3 |
Ex Bearish |
|
June |
-1 |
1 |
-4 |
Ex Bearish |
|
May |
-1 |
1 |
-4 |
Ex Bearish |
|
April |
|
|
-4 |
Ex Bearish |
|
March |
-1 |
1 |
-4 |
Ex Bearish |
|
February |
|
1 |
-4 |
Ex Bearish |
2006 |
January |
-1 |
|
-5 |
Ex Bearish |
2005 |
December |
-1 |
1 |
-4 |
Ex Bearish |
|
November |
-1 |
1 |
-4 |
Ex Bearish |
|
October |
|
|
-4 |
Ex Bearish |
|
September |
-1 |
1 |
-4 |
Ex Bearish |
|
August |
-1 |
1 |
-4 |
Ex Bearish |
|
July |
|
|
-4 |
Ex Bearish |
|
June |
-1 |
1 |
-4 |
Ex Bearish |
|
May |
-1 |
1 |
-4 |
Ex Bearish |
|
April |
|
|
-4 |
Ex Bearish |
|
March |
-1 |
1 |
-4 |
Ex Bearish |
|
February |
-1 |
1 |
-4 |
Ex Bearish |
2005 |
January |
|
|
-4 |
Ex Bearish |
2004 |
December |
-1 |
1 |
-4 |
Ex Bearish |
|
November |
-1 |
|
-4 |
Ex Bearish |
|
October |
|
|
-3 |
Ex Bearish |
|
September |
-1 |
|
-3 |
Ex Bearish |
|
August |
-1 |
|
-2 |
Mod Bearish |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
-1 |
|
-1 |
Mod Bearish |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2004 |
January |
|
|
0 |
Neutral |
2003 |
December |
|
-1 |
0 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
|
1 |
Neutral |
|
June |
1 |
|
1 |
Neutral |
|
May |
|
-1 |
0 |
Neutral |
|
April |
|
|
1 |
Neutral |
|
March |
|
|
1 |
Neutral |
|
February |
|
|
1 |
Neutral |
2003 |
January |
|
|
1 |
Neutral |
2002 |
December |
|
|
1 |
Neutral |
|
November |
1 |
|
1 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
-1 |
0 |
Neutral |
|
May |
|
-1 |
1 |
Neutral |
|
April |
|
-1 |
2 |
Ex Bullish |
|
March |
|
-1 |
3 |
Ex Bullish |
|
February |
|
-1 |
4 |
Ex Bullish |
2002 |
January |
|
-1 |
5 |
Ex Bullish |
2001 |
December |
1 |
-1 |
6 |
Ex Bullish |
|
November |
1 |
-1 |
6 |
Ex Bullish |
|
October |
1 |
-1 |
6 |
Ex Bullish |
|
September |
1 |
-1 |
6 |
Ex Bullish |
|
August |
1 |
|
6 |
Ex Bullish |
|
July |
|
-3 |
5 |
Ex Bullish |
|
June |
1 |
|
8 |
Ex Bullish |
|
May |
1 |
|
7 |
Ex Bullish |
|
April |
1 |
|
6 |
Ex Bullish |
|
March |
1 |
|
5 |
Ex Bullish |
|
February |
|
|
4 |
Ex Bullish |
2001 |
January |
4 |
|
4 |
Ex Bullish |
2000 |
December |
|
|
0 |
Neutral |
|
November |
|
1 |
0 |
Neutral |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
|
1 |
-1 |
Mod Bearish |
|
August |
|
1 |
-2 |
Mod Bearish |
|
July |
|
|
-3 |
Ex Bearish |
|
June |
|
|
-3 |
Ex Bearish |
|
May |
-1 |
1 |
-3 |
Ex Bearish |
|
April |
|
|
-3 |
Ex Bearish |
|
March |
-1 |
|
-3 |
Ex Bearish |
|
February |
-1 |
1 |
-2 |
Mod Bearish |
2000 |
January |
|
|
-2 |
Mod Bearish |
1999 |
December |
|
|
-2 |
Mod Bearish |
|
November |
-1 |
|
-2 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
|
|
-1 |
Mod Bearish |
|
August |
-1 |
|
-1 |
Mod Bearish |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
-1 |
0 |
Neutral |
|
April |
|
-1 |
1 |
Neutral |
|
March |
|
|
2 |
Ex Bullish |
|
February |
|
|
2 |
Ex Bullish |
1999 |
January |
|
|
2 |
Ex Bullish |
1998 |
December |
|
|
2 |
Ex Bullish |
|
November |
1 |
|
2 |
Ex Bullish |
|
October |
1 |
|
1 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1998 |
January |
|
|
0 |
Neutral |
1997 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1997 |
January |
|
-1 |
0 |
Neutral |
1996 |
December |
|
|
1 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
-1 |
1 |
Neutral |
|
June |
|
|
2 |
Ex Bullish |
|
May |
|
|
2 |
Ex Bullish |
|
April |
|
|
2 |
Ex Bullish |
|
March |
|
|
2 |
Ex Bullish |
|
February |
|
|
2 |
Ex Bullish |
1996 |
January |
2 |
|
2 |
Ex Bullish |
1995 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
1 |
0 |
Neutral |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
|
|
-1 |
Mod Bearish |
|
May |
|
1 |
-1 |
Mod Bearish |
|
April |
|
|
-2 |
Mod Bearish |
|
March |
|
|
-2 |
Mod Bearish |
|
February |
-1 |
1 |
-2 |
Mod Bearish |
1995 |
January |
|
|
-2 |
Mod Bearish |
1994 |
December |
|
|
-2 |
Mod Bearish |
|
November |
-1 |
1 |
-2 |
Mod Bearish |
|
October |
|
|
-2 |
Mod Bearish |
|
September |
|
|
-2 |
Mod Bearish |
|
August |
-1 |
|
-2 |
Mod Bearish |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
|
|
-1 |
Mod Bearish |
|
May |
-1 |
|
-1 |
Mod Bearish |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1994 |
January |
|
|
0 |
Neutral |
1993 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1993 |
January |
|
-1 |
0 |
Neutral |
1992 |
December |
|
|
1 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
1 |
|
1 |
Neutral |
|
June |
|
-2 |
0 |
Neutral |
|
May |
|
-1 |
2 |
Ex Bullish |
|
April |
|
|
3 |
Ex Bullish |
|
March |
|
-1 |
3 |
Ex Bullish |
|
February |
|
|
4 |
Ex Bullish |
1992 |
January |
|
|
4 |
Ex Bullish |
1991 |
December |
2 |
-1 |
4 |
Ex Bullish |
|
November |
1 |
|
3 |
Ex Bullish |
|
October |
|
-1 |
2 |
Ex Bullish |
|
September |
1 |
|
3 |
Ex Bullish |
|
August |
|
-1 |
2 |
Ex Bullish |
|
July |
|
|
3 |
Ex Bullish |
|
June |
|
-1 |
3 |
Ex Bullish |
|
May |
|
|
4 |
Ex Bullish |
|
April |
1 |
|
4 |
Ex Bullish |
|
March |
|
|
3 |
Ex Bullish |
|
February |
1 |
|
3 |
Ex Bullish |
1991 |
January |
|
|
2 |
Ex Bullish |
1990 |
December |
2 |
|
2 |
Ex Bullish |
|
November |
|
|
-1 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
|
|
-1 |
Mod Bearish |
|
August |
|
|
-1 |
Mod Bearish |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
|
|
-1 |
Mod Bearish |
|
May |
|
|
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
|
|
-1 |
Mod Bearish |
|
February |
|
|
-1 |
Mod Bearish |
|
January |
|
|
-1 |
Mod Bearish |
1990 |
December |
|
|
-1 |
Mod Bearish |
1989 |
November |
|
|
-1 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
|
|
-1 |
Mod Bearish |
|
August |
|
|
-1 |
Mod Bearish |
|
July |
|
|
-1 |
Mod Bearish |
|
June |
|
|
-1 |
Mod Bearish |
|
May |
|
|
-1 |
Mod Bearish |
|
April |
|
|
-1 |
Mod Bearish |
|
March |
|
|
-1 |
Mod Bearish |
|
February |
-1 |
1 |
-1 |
Mod Bearish |
1989 |
January |
|
|
-1 |
Mod Bearish |
1988 |
December |
|
|
-1 |
Mod Bearish |
|
November |
|
|
-1 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
|
|
-1 |
Mod Bearish |
|
August |
-1 |
|
-1 |
Mod Bearish |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
1 |
0 |
Neutral |
|
February |
|
|
-1 |
Mod Bearish |
1988 |
January |
|
|
-1 |
Mod Bearish |
1987 |
December |
|
|
-1 |
Mod Bearish |
|
November |
|
|
-1 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
-1 |
|
-1 |
Mod Bearish |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
-1 |
0 |
Neutral |
1987 |
January |
|
-1 |
1 |
Neutral |
1986 |
December |
|
|
2 |
|
|
November |
|
|
2 |
|
|
October |
|
-1 |
2 |
|
|
September |
|
-1 |
3 |
|
|
August |
1 |
|
4 |
|
|
July |
1 |
|
3 |
|
|
June |
|
|
2 |
|
|
May |
|
|
2 |
|
|
April |
1 |
|
2 |
|
|
March |
1 |
|
1 |
|
|
February |
|
|
0 |
|
1986 |
January |
|
|
0 |
|
Optional Quantitative Easing
Year |
Month |
Increase/ Decrease |
Fade |
Total |
Grade |
2013 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
-1 |
0 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
|
1 |
Neutral |
|
June |
|
|
1 |
Neutral |
|
May |
|
|
1 |
Neutral |
|
April |
|
|
1 |
Neutral |
|
March |
|
-1 |
1 |
Neutral |
|
February |
|
|
2 |
Ex Bullish |
2013 |
January |
|
-1 |
2 |
Ex Bullish |
2012 |
December |
|
|
3 |
Ex Bullish |
|
November |
|
|
3 |
Ex Bullish |
|
October |
|
|
3 |
Ex Bullish |
|
September |
2 |
|
3 |
Ex Bullish |
|
August |
|
|
1 |
Neutral |
|
July |
1 |
|
1 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
-1 |
0 |
Neutral |
|
February |
|
|
1 |
Neutral |
2012 |
January |
|
|
1 |
Neutral |
2011 |
December |
|
|
1 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
1 |
|
1 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
-1 |
0 |
Neutral |
2011 |
January |
|
|
1 |
Neutral |
2010 |
December |
|
|
1 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
1 |
|
1 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2010 |
January |
|
|
0 |
Neutral |
2009 |
December |
|
|
0 |
Neutral |
|
November |
|
-1 |
0 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
|
1 |
Neutral |
|
June |
|
|
1 |
Neutral |
|
May |
|
-1 |
1 |
Neutral |
|
April |
|
|
2 |
Ex Bullish |
|
March |
|
|
2 |
Ex Bullish |
|
February |
|
|
2 |
Ex Bullish |
2009 |
January |
|
|
2 |
Ex Bullish |
2008 |
December |
|
|
2 |
Ex Bullish |
|
November |
2 |
|
2 |
Ex Bullish |
Reserve Requirements
Year |
Month |
Increase/ Decrease |
Fade |
Total |
Grade |
|
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2024 |
January |
|
|
0 |
Neutral |
2023 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2023 |
January |
|
|
0 |
Neutral |
2022 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2022 |
January |
|
|
0 |
Neutral |
2021 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
1 |
0 |
Neutral |
|
August |
|
|
-1 |
Neutral |
|
July |
|
|
-1 |
Neutral |
|
June |
|
|
-1 |
Neutral |
|
May |
|
|
-1 |
Neutral |
|
April |
|
|
-1 |
Neutral |
|
March |
-1 |
-1 |
-1 |
Neutral |
|
February |
|
|
1 |
Neutral |
2021 |
January |
|
|
1 |
Neutral |
2020 |
December |
|
|
1 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
-1 |
1 |
Neutral |
|
August |
|
|
2 |
Ex Bullish |
|
July |
|
|
2 |
Ex Bullish |
|
June |
|
|
2 |
Ex Bullish |
|
May |
|
|
2 |
Ex Bullish |
|
April |
|
|
2 |
Ex Bullish |
|
March |
2 |
|
2 |
Ex Bullish |
|
February |
|
|
0 |
Neutral |
2020 |
January |
|
|
0 |
Neutral |
2019 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2019 |
January |
|
|
0 |
Neutral |
2018 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2018 |
January |
|
|
0 |
Neutral |
2017 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2017 |
January |
|
|
0 |
Neutral |
2016 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2016 |
January |
|
|
0 |
Neutral |
2015 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2015 |
January |
|
|
0 |
Neutral |
2014 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2014 |
January |
|
|
0 |
Neutral |
2013 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2013 |
January |
|
|
0 |
Neutral |
2012 |
December |
|
-1 |
0 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
|
1 |
Neutral |
|
June |
|
-1 |
1 |
Neutral |
|
May |
|
|
2 |
Ex Bullish |
|
April |
|
|
2 |
Ex Bullish |
|
March |
|
|
2 |
Ex Bullish |
|
February |
|
|
2 |
Ex Bullish |
2012 |
January |
|
|
2 |
Ex Bullish |
2011 |
December |
2 |
|
2 |
Ex Bullish |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2011 |
January |
|
|
0 |
Neutral |
2010 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2010 |
January |
|
|
0 |
Neutral |
2009 |
December |
|
-1 |
0 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
|
1 |
Neutral |
|
June |
|
-1 |
1 |
Neutral |
|
May |
|
|
2 |
Ex Bullish |
|
April |
|
|
2 |
Ex Bullish |
|
March |
|
|
2 |
Ex Bullish |
|
February |
|
|
2 |
Ex Bullish |
2009 |
January |
|
|
2 |
Ex Bullish |
2008 |
December |
2 |
|
2 |
Ex Bullish |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2008 |
January |
|
|
0 |
Neutral |
2007 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2007 |
January |
|
|
0 |
Neutral |
2006 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2006 |
January |
|
|
0 |
Neutral |
2005 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2005 |
January |
|
|
0 |
Neutral |
2004 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2004 |
January |
|
|
0 |
Neutral |
2003 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2003 |
January |
|
|
0 |
Neutral |
2002 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2002 |
January |
|
|
0 |
Neutral |
2001 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2001 |
January |
|
|
0 |
Neutral |
2000 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
2000 |
January |
|
|
0 |
Neutral |
1999 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1999 |
January |
|
|
0 |
Neutral |
1998 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1998 |
January |
|
|
0 |
Neutral |
1997 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1997 |
January |
|
|
0 |
Neutral |
1996 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1996 |
January |
|
|
0 |
Neutral |
1995 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1995 |
January |
|
|
0 |
Neutral |
1994 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1994 |
January |
|
|
0 |
Neutral |
1993 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
-1 |
0 |
Neutral |
|
March |
|
|
1 |
Neutral |
|
February |
|
|
1 |
Neutral |
1993 |
January |
|
|
1 |
Neutral |
1992 |
December |
|
|
1 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
-1 |
1 |
Neutral |
|
September |
|
|
2 |
Ex Bullish |
|
August |
|
|
2 |
Ex Bullish |
|
July |
|
|
2 |
Ex Bullish |
|
June |
|
|
2 |
Ex Bullish |
|
May |
|
|
2 |
Ex Bullish |
|
April |
2 |
|
2 |
Ex Bullish |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1992 |
January |
|
|
0 |
Neutral |
1991 |
December |
|
-1 |
0 |
Neutral |
|
November |
|
|
1 |
Neutral |
|
October |
|
|
1 |
Neutral |
|
September |
|
|
1 |
Neutral |
|
August |
|
|
1 |
Neutral |
|
July |
|
|
1 |
Neutral |
|
June |
|
-2 |
1 |
Neutral |
|
May |
|
|
3 |
Ex Bullish |
|
April |
|
|
3 |
Ex Bullish |
|
March |
|
|
3 |
Ex Bullish |
|
February |
|
|
3 |
Ex Bullish |
1991 |
January |
|
|
3 |
Ex Bullish |
1990 |
December |
3 |
|
3 |
Ex Bullish |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
|
January |
|
|
0 |
Neutral |
1990 |
December |
|
|
0 |
Neutral |
1989 |
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
|
0 |
Neutral |
|
February |
|
|
0 |
Neutral |
1989 |
January |
|
|
0 |
Neutral |
1988 |
December |
|
|
0 |
Neutral |
|
November |
|
|
0 |
Neutral |
|
October |
|
|
0 |
Neutral |
|
September |
|
|
0 |
Neutral |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
1 |
0 |
Neutral |
|
February |
|
|
-1 |
Mod Bearish |
1988 |
January |
|
|
-1 |
Mod Bearish |
1987 |
December |
|
|
-1 |
Mod Bearish |
|
November |
|
|
-1 |
Mod Bearish |
|
October |
|
|
-1 |
Mod Bearish |
|
September |
-1 |
|
-1 |
Mod Bearish |
|
August |
|
|
0 |
Neutral |
|
July |
|
|
0 |
Neutral |
|
June |
|
|
0 |
Neutral |
|
May |
|
|
0 |
Neutral |
|
April |
|
|
0 |
Neutral |
|
March |
|
1 |
0 |
Neutral |
|
February |
|
|
-1 |
Mod Bearish |
1987 |
January |
|
|
-1 |
Mod Bearish |
1986 |
December |
|
|
-1 |
|
|
November |
|
|
-1 |
|
|
October |
|
|
-1 |
|
|
September |
-1 |
|
-1 |
|
|
August |
|
|
0 |
|
|
July |
|
|
0 |
|
|
June |
|
|
0 |
|
|
May |
|
|
0 |
|
|
April |
|
|
0 |
|
|
March |
|
|
0 |
|
|
February |
|
|
0 |
|
1986 |
January |
|
|
0 |
|
Installment Debt Indicator