From the Madometer today:
Equity market volatility may make it difficult to get a clear read but, elsewhere, there are growing signs that global growth concerns are beginning to abate.
…While it might be too early to call the end of the rout, clear signs of stabilisation are beginning to emerge. German equities for instance have recently been given a boost on the back of better economic news coming out of Europe. Indeed, despite a generally poor performance, there have actually been more positive than negative trading days over the last two weeks — six of eight. Domestic stocks, for their part, have been range trading, on a wide range it has to be noted, but it’s a range nevertheless. So, the market appears reluctant to make a sustained break down through 5,000 points.
That’s a Madometer signal to sell equities and it has been working well recently (I’m only being half facetious).
