World equity indexes remain broadly weak

Despite all world equity markets continuing the upward climb from the Jan/Feb' lows, the broader picture remains bearish. Unless the bull maniacs can keep pushing for at least another 3-4 months, the next down wave will inevitably break new lows.


Germany - DAX

Japan - Nikkei

USA - Dow

UK - FTSE

Summary

*I'll cover the world markets in full, the weekend of April 2/3.
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Despite strong March gains, most world markets remain broadly weak, holding within a downward trend that began last spring/summer. Further, most markets are still trading under their respective monthly 10MAs.

For the moment, there is no reason for the bears to capitulate.

Clearly though, any sustained March/April closes above the 10MA, would be suggestive the broader down wave from spring/summer 2015 has concluded.

I want to especially highlight though, I am looking at the world markets as a collective, and trying not to get overly focused on any given national market.

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*it is notable there are just six trading days left of March (for the US market), so equity bears would do well to cool the market from current levels.
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Macro chatter - Mr Long with Mr Rubino




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Looking ahead

Wednesday will see New Home sales and the latest EIA report (10.30am).

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Goodnight from London