World Market Weak Spots

By Candy Matheson of Strawberry Blonde's Market Summary

Saturday, February 11, 2017 5:59 PM EDT

Further to my post of February 9th, the following charts and graphs will illustrate which world markets have lagged over a longer one-year period and a shorter year-to-date period. They are presented without individual comment, as they visually illustrate that point.

However, I would conclude that, while there are a couple of particularly weak European countries (namely, Portugal and Greece), most world markets, overall, are in a one-year uptrend, under accumulation, and above their 20 and 50-day moving averages.

Failure of any of these to, at least, hold above their 50-day moving average could see the beginnings of a reversal of this bullish sentiment. Europe may hold the key in terms of precipitating a negative domino effect on other world markets. Watch for, either a stabilization of Portugal and Greece, or continued weakness in the near term. As well, Italy, Spain, France, India and China are worth watching for signs of any eroding confidence.

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