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< BACK TO ALL REPORTS

Overseas and oversold

Jason Goepfert
2020-12-14

Despite what had been relatively minor losses in the index itself, there was a lot of selling in the stocks underlying the German DAX index, enough to push its McClellan Oscillator to -75 even while the index held above its 200-day average. The Backtest Engine shows us that's been a decent setup for sustained gains, which it's trying to kick-start today.

We've seen many times in the past that the Shanghai Composite marches to a different beat, and that's the case here, too. Its Oscillator is also sold, the index is also in an uptrend, but it has been much less reliable as a positive sign of oversold in an uptrend.

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