World Stock Market Indexes – Recap
The U.S. stock market continues to look favorable versus the rest of the world indexes with a notable improvement in Mid-Cap stocks.
Short-term, the Russell 2000 Index has lost upside momentum but remains above support.
The Dow Jones Transportation Index is showing good upside momentum, and we see about +9% upside from here.
European markets look very good to us as well. The German DAX looks very bullish.
France’s CAC Index is up +22% from where we got long. The French stock index is 5% away from its initial target.
The Nikkei 225 and Hang Seng are both showing improvement. Stock market momentum continues to build for China’s Shanghai Composite as well.
S&P 500 Chart
Dow Jones Transportation Index Chart
The author has positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.