High Level Review of Global Momentum Trends

June 12, 2015

By Bryce Coward, CFA in Markets

In our view one of the most blunt and useful indicators of momentum is measuring the percent of stocks in an index whose 50-day moving average is higher than the 200-day moving average. It sounds simple and it is, but the movement of indicator does a good job identifying the intermediate term trend of the stock index in question. A rising momentum indicator usually coincides with rising stocks, and vice verse. By the same token, divergences should be taken seriously. So without further adieu, we present the momentum indicator for all the major regions of the global stock market with a few comments before notable charts.

Possible trend change in EM Asia:

Possible trend change in EM EMEA:

Latin America looking good:

EMs looking poorer generally:

Tags > market internals, momentum, Technicals

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