Global Stock Gauge Testing Key Breakdown Level
Via Dana Lyons’ Tumblr,
ZeroHedge.com
03/15/2016
After rallying off major support for the past month, the Global Dow Index is testing its key January breakdown level.
Money managers and strategists all have their favorite indices that they feel best instruct them as to the market’s likely path, and thus, the most suitable investment posture. For us, our favored index is the Value Line Geometric Composite as it is a very broad, unweighted average that we feel paints the best picture of the state of the overall equity market. Another index that we have recently found particularly helpful is the Global Dow Index. The Global Dow is also an unweighted average – of 150 of the world’s largest companies. Thus, we feel it provides a decent barometer of the global equity market.
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