The US and European markets bottomed in early July and have been moving higher the last five months. These indices are up 18-23% since early July. The Shanghai Composite ($SSEC) is also up, but less than 5% and lagging the US and Europe. In stark contrast to these gainers, the Nikkei 225 ($NIKK) is down over 5% in the same timeframe.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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