Another one for the history books

To avoid repetition this will be the last time I cover this indicator for a while. I mentioned last week that an extremely large % of stocks have triggered MACD buy signals over the past 10 days, which is a bullish sign for stocks. That figure in many countries has now shattered historical records and is at an all-time high. This is certainly one for the history books.

For example, more than 88% of S&P 500 stocks have now triggered MACD buy signals. This is by a far a record, shattering anything we saw at the 2002, 2008-2009, 2011, and 2018 market bottoms.

More than 77% of NASDAQ Composite members have triggered MACD buy signals:

Russell 2000: 80%

Dow 30: 93%

Over in Europe, 100% of DAX members have triggered MACD buy signals for the first time ever:

98% of Euro Stoxx 50 members have triggered MACD buy signals. Another all-time record:

In Japan, 92% of Nikkei 225 members have triggered a MACD buy signal:

Things aren't as extreme in Hong Kong, where "only" 72% of members have triggered a MACD buy signal:

Still, the Hang Seng Index rallied 100% of the time over the next 2 months when this happened:

An in Australia, 59% of S&P/ASX 200 members have triggered a MACD buy signal. This is almost close to historical records:

Overall, global stock markets are turning around.