Here is an 'index of global indices' that is tracked as a stock sentiment indicator by Nick Laird at Sharelynx.com.
The red line is the 200 DMA.
The index includes the Dow Jones Industrials/Transports/Utilities, NYSE, SP500, Nasdaq, Russell 2000, Hong Kong HSI, Nikkei 225, Singapore STI, Australian AORD, Toronto 300, Mexico IPC, FTSE 100, France CAC, Germany DAX, and Swiss SMI.
Each of the index's 17 components is arithmetically averaged giving them an equal weighting
You will notice that we have had some false breakdowns before this latest break in trend.
