Technicals – start of trend change in global markets ?

Angela Mangan

QMG Pty Ltd

It was significant that technical buy signals were generated simultaneously by key Asian and US indices on Friday - Nikkei, Hang Seng and Nasdaq - which suggests the beginnings of a positive global market momentum / trend change. Index buy signals will still need to be generated in other key markets to confirm a global market turnaround, but Friday's index buy signals are an encouraging sign. The "cluster of index signals" has been effective previously in identifying major global market turning points - e.g. index sell signals were generated in June/July 2015, followed by re-entry buy signals in September 2015. Most recently, commencing in early December 2015, technical sell signals were generated in rapid succession by the Dow Jones, S&P500, Nasdaq, Nikkei and Shanghai Composite.

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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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