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Dow edging closer to bearish 'death cross' signal: What it would mean for stocks

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William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.

It isn’t there yet, but stock-market bears and nervous bulls are keeping watch as the Dow Jones Industrial Average nears a so-called death cross.

A death cross occurs when the 50-day moving average, viewed by technicians as a proxy for an asset’s short-term trend, falls below the 200-day moving average, a proxy for the longer-term trend . Of course, technical patterns need to be confirmed to send a signal. But the move is “ery much worth watching as the 50-day moving average line is just 0.5% away from the 200-day trend line” after Friday’s close, Rosenberg wrote.

The Dow’s most recent death cross occurred on March 8, 2022. A month later the Dow was up 6.4%, while a year later it had gained 0.5%, according to Dow Jones Market Data.

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