{"id":61447,"date":"2025-03-29T07:52:50","date_gmt":"2025-03-29T07:52:50","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=61447"},"modified":"2025-03-29T08:09:50","modified_gmt":"2025-03-29T08:09:50","slug":"asx-weekly-market-snapshot-7","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/29\/asx-weekly-market-snapshot-7\/","title":{"rendered":"ASX Weekly Market Snapshot"},"content":{"rendered":"
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\"Bull-Bear<\/div>\n
\"Stock<\/div>\n<\/div>\n

The dial on the left indicates bull or bear market status, while the one on the right reflects stock market drawdown risk.<\/p>\n

Bull\/Bear Market<\/h2>\n

The ASX Bull-Bear Market indicator remains at 54%, with three of six leading indicators signaling risk-off, while the US bull-bear index (a 40% weighting) is at 60%:<\/p>\n

\"Bull-Bear<\/p>\n

The ASX 200 continues in a strong downtrend relative to the gold price in Australian Dollars.<\/p>\n

\"ASX<\/p>\n

The ASX 200 Financials Index (XFJ) is retracing to test resistance at 8500, but remains in a primary downtrend.<\/p>\n

\"ASX<\/p>\n

Stock Pricing<\/h2>\n

ASX stock pricing increased to the 76.18 percentile compared to 74.05 two weeks ago, and a high of 85.83 in February.<\/p>\n

\"Stock<\/p>\n

The Stock Pricing indicator compares stock prices to long-term sales, earnings, and economic output to gauge market risk. We use z-scores to measure each indicator’s current position relative to its history, with the result expressed in standard deviations from the mean. We then calculate an average for the five readings and convert that to a percentile. The higher that stock market pricing is relative to its historical mean, the greater the risk of a sharp drawdown.<\/div>\n

Conclusion<\/h2>\n

The ASX bull-bear indicator at 54% indicates a mild bear market.<\/p>\n

We are entering a bear market, and the risk of a significant drawdown is high.<\/p>\n

Acknowledgments<\/h4>\n