Goldilocks and the 3 Bears (FTSE100, DOW, S&P500

[Hoop]

Many investors are commenting on why the NASDAQ is performing better than the S&P500 and DOW. They are waiting for the NASDAQ to correct and fall back in line with the S&P500 & DOW. Are their thinking correct???

Answer:-- maybe not...There are other forces at work which get scant media coverage such as the differing rates of recovery seen in each individual indexed market.
The charts below clearly show that the FTSE, DOW and S&P500 are still in a technical bear market mode and are lagging behind the rest of the worlds indexes which have already signaled a bull recovery....so one could assume that there is a good chance the FTSE, DOW and S&P500 will eventually follow the rest of the world Equities and recover into a new Bull cycle, rather than seeing the rest of the world fall back to match the 3 bears


One thing that's certain ....the Global Equities Market are no longer in tandem (correlated) ...that perfect storm ended in 2008



The charts below show a green line which once crossed (upwards) signals a technical bull market... confirmed with the crossing of the MA200.

On the NZX50 chart I have left in the old downtrend channel as this is interesting...as it may signal that this recent weakness may not be a bull trap but a false break.

As shown on the charts many markets are retesting their technical Bull levels making investors nervous and raising fears of a Bull trap as happened in 1930.

The 3 Bears

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