Technicals - Positive global market trend

Angela Mangan

QMG Pty Ltd

The global market trend is positive due to a cluster of key index buy signals generated between mid-September and mid- October - S&P500, Dow, Nasdaq, FTSE, CAC, Shanghai Composite and yesterday the Nikkei and DAX were added to the list of indices rated as technical buys. It is a positive momentum indicator for the global market outlook that these index buy signals have been generated during a short time frame. The last time the key global indices generated technical signals in rapid succession was between late May and early July 2015, when index sell signals were generated - which accurately flagged the subsequent market sell off.


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Angela Mangan
Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.

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