|Day Low/High||9.73 / 9.75|
|52 Wk Low/High||9.65 / 9.83|
The bulls continue to control the global markets, but all nine global averages do not have positive weekly charts and the leading averages have become overbought.
The bulls controlled the week, but Transports and small caps in the U.S. and the Shanghai Composite and German DAX overseas show negative divergences.
The PowerShares QQQ still has a positive but overbought weekly chart, but risky levels for 2017 have been achieved, and the four other stock market ETFs are showing negative divergences.
Negative divergences observed on 8 of 9 global averages. India's Nifty 50 set a new high on Wednesday and has a positive but overbought weekly chart.
The tech-heavy PowerShares QQQ continues to show strong momentum, while the other four stock market exchange-traded funds are beginning to show negative technical divergences.
Dow transportations drag the five major U.S. equity averages, a negative weekly chart for the Shanghai Composite offsets new 2017 highs for the Nikkei 225, Nifty 50 and German DAX.
All five exchange traded funds that represent the five major U.S. equity averages have positive weekly charts, as the tech-heavy PowerShares QQQ continues to lead.
All five major U.S. equity averages have positive weekly charts, with Nasdaq overbought. Overseas, the Nikkei 225, Nifty 50 and German DAX are positive, but Shanghai Composite is a drag.
The Dow 30, S&P 500 approach March 1 highs, transports lag. Russell 2000, German DAX join the rally setting all-time intraday highs along with the Nasdaq and India's Nifty 50.
Diamonds ended last week with a negative weekly chart, while Spiders, transports and small caps were upgraded to neutral weekly charts, QQQ's has a positive but overbought weekly chart.
Market volatility continues as the Dow 30, S&P 500, transports, Russell 2000 may end the week with neutral weekly charts. The Nasdaq will have a positive but overbought weekly chart.
The exchange traded funds Diamonds, Spiders, transports and small caps have been downgraded to negative, QQQ's remain positive but overbought, but could soon be downgraded as well.
The Dow 30, S&P 500 will join transports and Russell 2000 and Nikkei 225 with negative weekly charts, The Nasdaq, Shanghai Composite, Nifty 50, German DAX have overbought weekly charts.
The exchange-traded funds Diamonds, Spiders, transports and small caps have declining momentum, as QQQ's remain overbought.
The Nasdaq set an all-time high but had a daily 'key reversal,' while global weekly momentum becomes overbought in China, India and Germany.
ETFs Diamonds and Spiders have overbought momentum, but will not as April begins. QQQ's remain overbought ending March setting an all-time intraday high. Transports and Russell 2000 have declining momentum.
The exchange traded funds Diamonds, Spiders and QQQ's remain overbought, while transports and Russell 2000 have negative weekly charts.
Negative technical divergences are spreading among the 9 global averages that best measure the staying power of the post-election rally in major indices around the world.
The exchange traded funds Diamonds, Spiders and QQQ's remain positive but overbought, while transports has a negative chart and Russell 2000 shows declining weekly momentum.
Reduce holdings on global stock market strength, as the rise in momentum slows - The only new high occurred in India, while transports and small caps lag in the U.S.
The exchange traded funds Diamonds, Spiders and QQQ's remain positive but overbought, while transports and Russell 2000 now have negative weekly charts.
The five major U.S. equity averages bottomed on March 9, 2009, while the four global averages bottomed on or about the same date. Time to reduce holdings. Here's why.
The five equity ETFs, Diamonds, Spiders, QQQ's, transports and small caps are extremely overbought, but the transportation average is showing a negative divergence.
The five major U.S. averages set post-election highs as March began, as did Japan's Nikkei 225, India's Nifty 50 and the German DAX, as China's Shanghai Composite lags.
Trump stock rally continues in the U.S., but Japan's Nikkei 225, China's Shanghai Composite, India's Nifty 50 and German DAX remain below 2015 highs.
The Trump stock market rally continues in the U.S. as Japan's Nikkei 225, China's Shanghai Composite, suffer under popped bubbles. India's Nifty 50, German DAX are below 2015 highs.
All five equity ETFs, Diamonds, Spiders, QQQ's, transports and small caps have overbought weekly charts, but transports and small caps did not set all-time intraday highs last week.
Stock market strength continues around the globe, but not everywhere.
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