Signs of life in market indicators

One of my favourite stock market indicators is the Coppock indicator, named after its Texan inventor.

If stock markets can hold around current levels through to the end of April, which may prove a big ‘if’, then we are going to see a string of buy signals.

On top of that one important stock market index, the Chinese Shanghai Composite index, has already given a buy signal based on the March numbers. 

The message from Coppock is that we could be at an important turning point in markets.

More important in today's climate
The Coppock indicator is a momentum indicator weighted to give more importance to the most recent changes.

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