Assuming for this discussion that the 200-day moving average of a security could be called its primary trend, let’s see how the prices of a round-the-world selection of 61 diverse fund types (and 6 transport indexes) stack up to their primary trend, and whether their primary trend is up or down.

The first observation is that nearly all are in a primary down trend, based on the 200-day (40-week or roughly 10 month) average.  In this batch of fund categories, only aggregate US bonds, intermediate US Treasuries, the Dollar index and the Japanese Yen are in primary up trends, but the price of the Treasuries fund and the Dollar index fund have fallen below their primary trend line.  That leaves only two where the primary trend is up and the price is above the primary trend line — US aggregate bonds and the Japanese Yen.

Of the 60+ in a primary down