Stability 'Unfolds' In China & Commodities: Market Strategist

Global markets are transitioning to stability, particularly in China and commodities, said Jordan Kotick, Barclays Capital global head of technical strategy on CNBC's "Closing Bell."

"Through pockets of asset classes, that transition from bear market to transition to potential bull market is unfolding," he told CNBC's Maria Bartiromo.

Kotick points to the Shanghai Composite. "This was a market that was down 73 percent peak to trough, but what we're starting to see now is when the market is going higher, we're starting to see volume come back," he said.

(See his full comments in the video).

Although it's not time to be aggressively bullish, he said, it is a sign of "compelling" change. "Volume coming back to the market when the market is rallying, is a very good sign," he said.

Kotick is also bullish on the commodities sector. Copper, for instance, put in its best two-week performance since June on Friday.

"After strong declines last year, we're starting to see these markets try to bottom out," he said. "We're not there yet, but what we've changed is the trajectory to the downside."

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