Today we are looking at the global markets.
We can see from Figure 1 that Japan is the weakest global market in terms of ChartLabPro.com’s rating value while Fixed Income is the strongest. The S&P 500 is still rated a buy and has increased in strength as indicated by the seven days bar graph.
Buy/Sell Signals
Our firm has not had an outright sell signal in the S&P 500 in over two years. Next to the Buy/Sell rating is our proprietary counter trend rating. We use this rating to determine exhaustion levels for overbought and oversold levels. The S&P 500 has only had two overbought signals in the last 16 months.
Key Takeaway
As we can see from below Brazil and the EuroZone have seen strength over the last seven days.
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