6. Economic Indicators
Economic data, as opposed to corporate data, also affects the stock market. The principal divisions within the economy on which the average person can find easily available and accurate data are prices (consumer and industrial), production (industry, housing, and efficiency), and income (personal and unemployment). You will see that each indicator has a poor connection to the stock market using a moving average crossover system. This doesn’t mean that there is no connection, but it does mean either that any existing relationship cannot be pulled out using this method or that the data is lagging behind the stock market and is thus of little value in anticipating stock market turns.
Industrial, raw-material prices ...