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Global stock market moving averages – a mixed picture
A quick whizz around the moving averages of global stock markets makes for interesting reading. Specifically, I have considered the standard deviation from the 50- and 200-day moving averages for both mature and emerging stock market indices. As shown in the tables below, the key conclusions are as follows:
I would not be surprised to see a further recovery in stock markets over the next few weeks, with those markets most deeply oversold relative to their 200-day moving averages offering the strongest recovery potential. But until we see the majority of the indices (as well as the majority of individual stocks) breaching their 200-day lines, one would be hard-pressed to talk of a resumption of the bull market. Developed markets – ranked by standard deviation from 50-day moving average Emerging markets – ranked by standard deviation from 50-day moving average Developed markets – ranked by standard deviation from 200-day moving average Developed markets – ranked by standard deviation from 50-day moving averages 1 comment to Global stock market moving averages – a mixed pictureLeave a Reply | |||||||||||
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