Three weeks ago, 89% of Asian developed market stocks were trading above its 100-day moving average. This has fallen back a bit, to 76%, but still remains at an elevated level. 75% of Asian stocks are trading above its 200-day moving average.
![image](http://pppre.s3.amazonaws.com/2204ba7c69321e34/a/1b2b23939cbd4946ac6aeeac50021ad2.png)
![image](http://pppre.s3.amazonaws.com/2204ba7c69321e34/a/13baf6a3c1074d95a8a427986fe86628.png)
83% of European developed market stocks are trading above its 100-day moving average. This is basically the highest level reached for European stocks in a year and a half. 76% of European stocks are trading above its 200-day moving average.
![image](http://pppre.s3.amazonaws.com/2204ba7c69321e34/a/4afc92a8c87f43468370f8123624c542.png)
![image](http://pppre.s3.amazonaws.com/2204ba7c69321e34/a/50f36649d288483a9d5959ecf156f5ea.png)
Finally, we have the bull market leader North America. Here we are seeing a slight breakdown in momentum. 65% of North American developed market stocks are trading above its 100-day moving average and 66% of stocks are trading above its 200-day moving average.
![image](http://pppre.s3.amazonaws.com/2204ba7c69321e34/a/a4ba992997cb4d059d696687c39472e5.png)
![image](http://pppre.s3.amazonaws.com/2204ba7c69321e34/a/baa51980b8c24e9581ffb4c1343e8c33.png)