
         Market Commentary  31479
May, 2019 Data:
Part 1
FORECASTS
12 MONTH FORECAST
The 12 month forecast for the NYSE Composite Index is in the table at the top 
of this page. Forecast-Chart.com is forecasting a NYSE Composite Stock Index 
of 11773. The table shows a HDTFA of 1647 which suggests that the June, 
2020 NYSE Composite could easily close anywhere between 13420 and 10126. 
Links to Forecasts for twenty-two other stock indexes may be found by clicking 
Stock Market Forecast at the top of any page.
BULL MARKET or BEAR MARKET?
An updated primary trend forecast for the U.S. Stock Market is provided to 
subscribers only. A time delayed primary trend forecast is provided to non 
subscribers. Artificial Intelligence is used to forecast major turning points in the 
broad U.S. Stock Market. The forecast is either a Bull Market Signal (up) or a 
Bear Market Signal (down). This mathematical system performed very well in a 
one hundred year backtest and also in real time since going live in 2005. To get 
the forecast signal for the broad U.S Stock Market, click Stock Market Forecast 
at the top of any page. Then select the Bull Market & Bear Market Forecast.
10 YEAR FORECAST
Forecast-Chart.com publishes a 10 Year Forecast for the following stock 
market indexes: Dow Jones Industrial Average,  FTSE 100 (United Kingdom), 
Hang Seng (Hong Kong), S&P 500, S&P SmallCap 600, S&P MidCap 400, 
NASDAQ 100, TSX Composite (Canada), Russell 3000, Russell 2000, Russell 
1000 and the Wilshire 5000. For example, the probability that the S&P 500 
equity index will be down at least 20% in 10 years is estimated (May, 2029 close 
compared to May, 2019 close). Over 100 YEARS of historical data was used to 
calculate the probabilities. The indexes with the highest probability of gaining 
over 200% in the next 10 years are the Hang Seng and the S&P TSX Index. The 
indexes with the lowest probability of gaining over 200% in the next 10 years 
are the S&P SmallCap 600, S&P MidCap 400,  Russell 2000, NASDAQ 100 and 
the Dow Industrial Average. To see these forecasts, click the Stock Market 
Forecast link at the top of any page, then select the index you are interested in.
Part 2
MARKET HIGHLIGHTS
All Time High                          13368 (January, 2018)
May, 2019 close                    12394
Decline From All Time High     7%
10 Year Return                       106%
5 Year Low                             9560 (February, 2016)
Gain From 5 Year Low            30%
The highest all time monthly close in the NYSE Composite Index was 13368 in 
January, of 2018. The May, 2019 close was 12394. That's a decline of 974 
points or 7% below the NYSE Composite Stock Index all time high.  The NYSE 
Composite Index is up 106% over the last 10 years. It has lost 1% over the last 
12 months.
The May close was 552.47 points lower than the April, 2019 close of 12946, 
resulting in a 4.27% decline for May.
The 5 year market low for the NYSE Composite Stock Index was 9560 in 
February of 2016. The May, 2019 close at 12393.66 represents a 30% gain 
since February, 2016.
Forecast-Chart.com's historical research covers the NYSE Composite back to 
January, 1966. All calculations are based on the monthly market close in the 
NYSE Composite Index, excluding dividends.
This page provides a five year chart and a forecast for the NYSE Composite 
Stock Index. For links to longer term charts, look at the links under the five year 
chart (above). One link opens a ten year chart. Another opens our longest term 
graph on the NYSE Composite Index. Just one glance at our long term charts 
can provide tremendous insight into the historical trends of the financial 
markets. The table above presents historical data on the NYSE Composite 
Stock Index categorized by the months of the calendar.
Part 3
ROLLING RETURNS, 1965 - 2019: NYSE Composite Index
Rolling Period          Last / Percentile          Best / Average / Worst
  1 Year                     -1% / 26th                  55% / 8% / -48%
  2 Year                     7% / 32nd                    83% / 16% / -49%
  4 Year                     12% / 31st                  137% / 33% / -37%
  8 Year                     46% / 39th                  230% / 78% / -30%
  16 Year                   128% / 30th               819% / 258% / 32%
How do you read the table?
For example: Rolling 2 year period returns are shown on the second row. In the 
latest rolling 2 year period, (6/2017 - 5/2019), the NYSE Composite Index 
returned 7%. That period scored in the 32nd percentile, meaning that it scored 
better than 32% of all rolling 2 year periods since 1965. The Best rolling 2 Year 
period since 1965 returned 83%. The worst returned -49%. The average rolling 
2 year period returned 16%.
What is a rolling period?
It's an overlapping period in a data base. For example: In the 2 year period 
included in 2000 - 2001, there are 13 complete rolling 12 Month Periods. The 
first is January, 2000 - December, 2000. The second is February, 2000 - 
January, 2001. The third is March, 2000 - February, 2001 and so on. The last 
complete rolling 12 Month Period in the 2000 - 2001 period is January, 2001 - 
December, 2001.
How is this information useful?
Best and worst case scenarios may be estimated based on historical facts. 
Also, the relationship of the periods is sometimes very helpful. Suppose that the 
worst rolling 8 year period in the last 50 years returned -30%. Suppose also 
that the latest 4 year period has returned -50%. Market psychology at this point 
may be one of great fear or possibly even panic. If the market stays flat for 4 
more years, it will break the 8 year decline record by a whopping 20%! (-50% 
minus -30% equals -20%.)  50 plus year records are not often broken. That 
provides reason to hope that the market will recover that 20% over the next 4 
years. If it does, then the 8 year loss will be 30%. The longest index histories 
are found in the DJIA, FTSE 100 with FT 30, DJTA, DJUA, S&P 500, & NASDAQ 
100
The number of periods in each category for the NYSE Composite Index are as 
follows:
1 Year: 630
2 Year: 618
4 Year: 594
8 Year: 546
16 Year: 450
Dividends are not included.
Updated Tuesday, June 25, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.
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        Monthly close for the NYSE Composite Stock Index is plotted in gray. The forecast for the target 
month is shown in green. See other links related to this stock index below.
        
        
          
            
              NYSE Composite Stock Index - 5 Year History
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        9000
        
        NYSE Composite Index Forecast
        
        
                
        
          
          
          
            
NYSE Composite: Historical Monthly Change
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April May June
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2.44 0.41 -0.47
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July Aug Sept
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0.24 -1.30 0.20
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Over the last 20 years, certain months have typically performed better than others. The  average monthly return for each calender month over the last 20 years is shown above.  Dividends are not included.
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        Stock Market Forecast: NYSE Stock Index
        
        
        
                                
                        1/14
        
        
        
        1/2017
        
        
        
        
        
        
        
        10,500
        
        13,500
        
        12,000
        
        15,000
        
        16,500
        
        
NYSE Composite Stock Market Index Forecast
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Target Month: Forecast: HDTFA:
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Forecast for the monthly close of the NYSE Composite Stock Index for the  target month indicated.    See commentary and 10 year forecast below.
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