The world’s stock markets look ever more bearish, at least according to Sedge Coppock’s famous indicator. Of five new signals for April in the 39 developed and emerging indices that we currently track, four were sells: America’s tech-heavy Nasdaq Composite, Taiwan’s Taiex, South Africa’s JSE Top 40, and Belgium’s BEL 20 index. Only the MSCI Latin America index switched back to a buy, no doubt strongly influenced by the upturn in Brazil’s market, which gave its own buy signal in March.
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