Global stockmarkets are recovering

I track the global stock market indices against a 5 day moving average and the 50 day moving average. If the current index is above the moving average, it suggest that the market is getting stronger. If it is below the average, the market is still weak.

Here are the findings for the London, Japan, Singapore and New York and Technology shares as at 3 July 2006

- all of the markets are higher than the 5 day moving average by 1% or 2%, ie the markets are recovering well

- the US and UK shares at the 50 day moving average, ie these markets are now neutral

- the Japan, Singapore and Techology shares are about 2% below the 50 day moving average, ie the markets have still not reached the neutral point.

My general conclusion: most of the markets are recovering well.;