This week’s update highlights 3 major technical developments. These themes can be seen in the TECHCHARTSWATCHLIST and TECHCHARTSALERT. Russell 2000 Index is breaking out of its month-long flag continuation EUROPE STOXX 600 index is preparing for a breakout from its short-term consolidation HONG KONG & CHINA equities are gaining strength with clear breakout signals and […]
A volatile trading week finished with a strong close on Friday for most of the global equity indices. Russell 2000 index serves as a benchmark for small-cap stocks in the United States. With Friday’s strong close, once again the index reached the upper boundary of its tight consolidation range. Breakout on Russell 2000 index could bode […]
This week’s major financial event was the Dow Jones Industrial Average breaking the technical and psychological level at 20,000. Following the strong rally in November-December 2016, the index completed a month-long bullish flag with a gap opening. These are all positive technical developments for the equity markets. While the DJIA cleared its month-long resistance, RUSSELL […]
Every week I post the latest additions to the #TECHCHARTSWATCHLIST. Stocks that qualify to the watch list are those that have well-defined and mature chart patterns that are likely to resolve in a strong directional movement. Stocks that breakout from those well-defined chart patterns are brought to your attention under the #TECHCHARTSALERT. Both the watch list […]
This was another strong week for global equities. Both MSCI ALL COUNTRIES WORLD INDEX and MSCI EMERGING MARKETS INDEX finished the week with strong weekly candlesticks, opening at the lower end and closing at the highest level for the week. ISHARES MSCI ALL COUNTRIES WORLD INDEX ETF (ACWI.O) The MSCI ACWI captures large and mid […]
In the first week of the new year global equities had renewed strength. In the first half of December 2016, benchmark for the global equities, ISHARES MSCI ACWI had a strong breakout which was followed by three weeks of pullback. Price action in the first week of January pushed ISHARES MSCI ALL COUNTRIES WORLD INDEX […]
Wishing everyone a healthy and prosperous new year. I would like to finalize the blog posts in 2016 with some of the good chart set-ups in the Emerging Markets that are likely to resolve into trends in 2017. A detailed update on Developed Markets will follow in the first week of the new year. ISHARES […]
CENTRAL EUROPE, RUSSIA & TURKEY (CEE) CEE is a closed-end fund listed in the NYSE. The fund seeks long-term capital appreciation through investment primarily in equity or equity linked securities of issuers domiciled in Central Europe, Russia and Turkey. A new chart pattern breakout signal is triggered with a strong weekly close on CEE. Price […]
SUNAC CHINA HOLDING (1918.HK) A new chart pattern breakout signal is triggered on Hong Kong listed SUNAC CHINA HOLDING. After its 6th test, SUNAC broke out of a year-long rectangle with a strong daily bar and increasing volume. If the stock manages to hold on to gains by the end of the week, it will […]
Germany’s DAX Index breaks out of a 4 month-long rectangle chart pattern with a possible break-away gap. Tech Charts blog drew attention to the developing chart pattern in the last week of November (Germany Dax Index – 20/11/2016). Today’s price action cleared the strong 4 month-long horizontal resistance at 94.60 levels. For common stocks, Edwards […]
