The IC/Coppock Indicator for the Nasdaq 100 index has been whipsawing around acting in a similar fashion to the gold miner indices back in November. News that the fiscal cliff in the US has been averted may augur well for the constituents of this high-tech industry and the index could take off in January.
The two official buy signals came from the personal care and food and drug retail sectors of the FTSE All-Share Index. There are worries concerning the UK High Street retailers who are being pushed out by their online counterparts, but personal care products along with food and drugs are more essential to living and may not be affected to the same degree.
Summary table of IC/Coppock indicators - major markets worldwide:
Index/market | December average index | December indicator* | November indicator* | October indicator* | Signal† |
---|---|---|---|---|---|
UK Govt. Secs | 171.44 | +27.0 | +35.3 | +43.6 | WAIT |
FT 30 | 2,176.19 | +41.1 | +19.0 | -0.8 | HOLD |
FTSE 100 | 5,922.71 | +26.7 | +19.7 | +12.6 | HOLD |
FTSE All-Share | 3,099.07 | +31.2 | +22.4 | +13.8 | HOLD |
FT Gold Mines | 2,795.50 | -113.4 | -111.9 | -107.5 | WAIT |
Amsterdam | 528.77 | +37.7 | +24.9 | +8.4 | HOLD |
ASX All Ord | 4,597.10 | +7.2 | -6.1 | -16.9 | HOLD |
S&P/ASX 200 Energy | 12,312.17 | -54.3 | -59.6 | -61.2 | HOLD |
Belgium S.E. | 8,785.05 | +74.6 | +57.5 | +35.1 | HOLD |
Dax (Germany) | 7,576.16 | +89.3 | +65.3 | +42.6 | HOLD |
Dow Jones | 13,144.18 | +58.4 | +58.3 | +57.4 | HOLD |
Rep of Ireland (ISEQ) | 3,346.40 | +112.6 | +107.2 | +96.2 | HOLD |
France CAC 40 | 3,631.78 | +25.4 | +2.1 | -21.2 | HOLD |
Hang Seng | 22,406.18 | +29.1 | +4.6 | -17.6 | HOLD |
Italy BCI | 854.02 | -31.2 | -52.1 | -72.3 | HOLD |
S. Africa Gold | 2,237.43 | -86.6 | -70.6 | -51.7 | WAIT |
S. Africa Industrial | 36,642.57 | +145.0 | +138.2 | +131.3 | HOLD |
Straits Times | 3,139.68 | +35.2 | +18.9 | +8.4 | HOLD |
Tokyo New S.E. | 811.87 | -6.4 | -23.4 | -35.0 | HOLD |
Toronto Comp | 12,290.25 | -13.3 | -23.9 | -32.9 | HOLD |
Toronto Gold | 2,485.88 | -116.6 | -115.5 | -112.6 | WAIT |
Sweden OMX | 1,101.39 | +45.0 | +32.3 | +19.2 | HOLD |
FTSE techMARK 100 | 2,475.51 | +88.2 | +76.1 | +64.9 | HOLD |
Nasdaq 100 | 2,658.75 | +96.8 | +96.2 | +97.1 | BUY†† |
*Average index for December 2012. †IC/Coppock indicator. ††Unofficial signal. BUY/SELL = self explanatory; WAIT = you sold at the last sell signal and are now waiting for the next buy signal; HOLD = you bought at the last buy signal and are now awaiting the next sell signal. |
For a list of the constituents of the FTSE All-Share sector indices click here
Summary table of IC/Coppock indicators - FTSE All-Share sectors:
Sector | December average index | December indicator* | November indicator* | October indicator* | Signal† |
---|---|---|---|---|---|
Mining | 18,503.87 | -75.1 | -91.2 | -102.0 | HOLD |
Oil & Gas | 7,713.16 | -8.2 | +0.2 | +5.9 | WAIT |
Chemicals | 9,719.54 | +147.5 | +133.1 | +120.9 | HOLD |
Constr & Bldg materials | 3,403.30 | -11.3 | -23.8 | -35.9 | HOLD |
Forestry & paper | 7,773.41 | +118.5 | +78.9 | +36.1 | HOLD |
Steel & other metals | 2,986.31 | -253.1 | -267.1 | -277.0 | HOLD |
Aerospace & defence | 4,088.75 | +109.1 | +103.0 | +98.4 | HOLD |
Diversified industrls | 2,782.79 | +96.7 | +73.5 | +50.7 | HOLD |
Electronic & electr eqpt | 4,371.25 | +108.5 | +85.3 | +67.4 | HOLD |
Eng'g & machinery | 8,290.51 | +57.2 | +49.6 | +44.1 | HOLD |
Automobiles & parts | 5,345.80 | +53.1 | +31.8 | +17.4 | HOLD |
H'hold goods textiles | 2,803.63 | -71.9 | -99.2 | -108.3 | HOLD |
Beverages | 13,306.93 | +161.1 | +155.9 | +147.5 | HOLD |
Food producers | 6,499.84 | +70.3 | +64.0 | +58.1 | HOLD |
Health | 3,888.57 | +51.6 | +38.8 | +22.7 | HOLD |
Personal care | 17,402.11 | -21.8 | -28.8 | -25.0 | BUY |
Pharmaceuticals | 9,428.54 | +13.5 | +22.6 | +31.2 | WAIT |
Tobacco | 36,526.62 | +77.1 | +90.6 | +101.9 | WAIT |
General retailers | 1,935.72 | +95.8 | +70.1 | +48.3 | HOLD |
Leisure & hotels | 5,129.22 | +96.9 | +75.3 | +52.4 | HOLD |
Media entertainment | 4,841.36 | +81.0 | +67.5 | +55.4 | HOLD |
Support services | 5,099.33 | +108.6 | +95.7 | +79.4 | HOLD |
Transport | 3,188.46 | +32.2 | +12.6 | -6.6 | HOLD |
Food & drug retailers | 4,256.58 | -63.3 | -66.9 | -66.4 | BUY |
Telecommns services | 2,817.84 | +108.9 | +94.6 | +82.2 | HOLD |
Electricity | 8,992.02 | +34.5 | +27.5 | +26.1 | HOLD |
Other utilities | 6,983.29 | +68.4 | +62.4 | +61.0 | HOLD |
Banks | 4,370.26 | +52.7 | +14.9 | -22.5 | HOLD |
Insurance | 1,872.29 | +50.2 | +24.5 | +3.0 | HOLD |
Life assurance | 5,197.30 | +112.1 | +84.0 | +54.4 | HOLD |
Investment companies | 6,120.09 | +17.5 | +4.6 | -6.1 | HOLD |
Other finance | 4,615.29 | +18.3 | -10.6 | -38.0 | HOLD |
IT hardware | 1,181.69 | +80.2 | +51.6 | +26.1 | HOLD |
Software & comp services | 1,032.06 | +121.6 | +110.2 | +103.3 | HOLD |
*Average index for December 2012. †IC/Coppock indicator. ††Unofficial signal. BUY/SELL = self explanatory; WAIT = you sold at the last sell signal and are now waiting for the next buy signal; HOLD = you bought at the last buy signal and are now awaiting the next sell signal. |
Summary table of IC/Coppock indicators - Emerging & other markets worldwide
Market/index | December avg index | December indicator* | November indicator* | October indicator* | Signal† |
---|---|---|---|---|---|
Argentina | 9,185.96 | -55.6 | -78.1 | -89.5 | HOLD |
FTSE Aim | 692.28 | -41.9 | -54.5 | -66.8 | HOLD |
Brazil | 59,783.71 | +6.5 | +0.6 | -2.5 | HOLD |
China | 2,328.19 | -79.7 | -93.9 | -95.1 | HOLD |
Greece | 860.88 | -64.8 | -128.3 | -182.4 | HOLD |
India | 5,944.21 | +35.6 | +12.9 | +0.6 | HOLD |
Indonesia | 4,294.51 | +61.0 | +57.2 | +51.2 | HOLD |
Israel | 1,072.69 | +7.7 | -6.8 | -24.3 | HOLD |
Mexico | 13,628.32 | +66.5 | +50.8 | +37.2 | HOLD |
Philippines | 5,764.95 | +143.4 | +133.8 | +127.9 | HOLD |
Poland | 46,836.53 | +23.3 | -6.6 | -27.3 | HOLD |
Portugal | 5,562.06 | -81.4 | -108.0 | -130.9 | HOLD |
Russia | 16,326.26 | -62.8 | -72.4 | -76.4 | HOLD |
South Korea | 1,973.84 | +5.0 | -3.1 | -9.0 | HOLD |
Spain | 812.06 | -80.2 | -97.7 | -115.0 | HOLD |
Switzerland | 6,895.89 | +74.6 | +61.4 | +44.4 | HOLD |
Thailand | 1,362.37 | +134.1 | +120.1 | +102.9 | HOLD |
Turkey | 76,919.81 | +107.3 | +66.5 | +34.0 | HOLD |
Venezuela | 448,621.90 | +1,252.4 | +1,162.2 | +1,103.7 | HOLD |
*Average index for December 2012. †IC/Coppock indicator. ††Unofficial signal. BUY/SELL = self-explanatory; WAIT = you sold at the last sell signal and are now waiting for the next buy signal; HOLD = you bought at the last buy signal and are now awaiting the next sell signal. |