Market 20/50 day moving average - update 9

With the exception of the Eurostoxx 50, the FTSE, Dow and S&P are still looking weak on the 50 dma.  We have a crossover to the upside, but it still looks undecided as to how far it wants to go despite the US ending the week on a high note. FTSE100, 250 and Eurostoxx are all trading on or above the 20 dma.  Dow and S&P still looking like they could go either way.  Ultimately, the UK will follow the US, so while the UK indices still look a little more positive they will be looking to the US for confirmation of where we are going over the next week or two.

FTSE100

FTSE250

Eurostoxx50

Dow

S&P500