Entries by Aksel Kibar

GLOBAL EQUITY MARKETS – June 30, 2018

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REVIEW

If anybody tells you, "I know what the markets will do in the following weeks" he or she might be guessing. I will try to be as objective as possible with some of the major equity benchmarks and convey the message of my chart analysis. After the Jan-Feb 2018 sell-off on the ACWI ETF, price remained range-bound. The consolidation formed a possible 4 month-long symmetrical triangle (can act a bearish continuation). Both the lower boundary of the consolidation and the 200-day (40 week) moving average formed support around the same level. After each test over the past 4 months, the ETF rebounded from the 200-day moving average.

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ISHARES 20+ YEAR TREASURY BOND ETF (TLT)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features a breakout opportunity on the ISHARES 20+ YEAR TREASURY BOND ETF (TLT) listed on the Nasdaq Stock Exchange.

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GLOBAL EQUITY MARKETS – June 23, 2018

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Once again the iShares MSCI All Country World Index ETF (ACWI.O) reverted back to its 200-day (40-week) moving average. The long-term average at 71.40 levels is also the lower boundary of the 4 month-long symmetrical triangle chart pattern. Breakout from the last 4 month's consolidation will be important for Global equity markets performance. A breakdown below the lower boundary of the 4 month-long symmetrical triangle will push the ACWI ETF below its long-term average, possibly reversing the last 2 year's uptrend. Following charts review the Emerging and Frontier Market ETFs that are already trading below their long-term averages. The boundaries of consolidation for the iShares MSCI All Country World Index ETF remains between 74.3 and 71.4 levels.

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HANG SENG CHINA ENTERPRISES INDEX ETF (2828.HK)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features a bearish continuation chart pattern on the HANG SENG CHINA ENTERPRISES INDEX ETF listed on the Hong Kong Stock Exchange. Read More

GLOBAL EQUITY MARKETS – June 16, 2018

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REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) continues to challenge the upper boundary of its 4 month-long sideways consolidation. The index remains range-bound. Last 2 year's trend is upwards. Price is trading above the long-term moving average. Both the lower boundary of the 2 year-long trend channel and the 200-day (40 week) moving average are forming support at 71.35 levels. The upper boundary of the the 4 month-long consolidation is acting as resistance at 73.90 levels.

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SNC-LAVALIN GROUP INC (SNC.TO)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features a developing chart pattern on SNC-LAVALIN GROUP INC listed on the Toronto Stock Exchange.

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GLOBAL EQUITY MARKETS – June 9, 2018

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Benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is challenging the upper boundary of its 4 month-long symmetrical triangle at 73.90 levels. Tight consolidation is taking place above the long-term average which is acting as support at 71.2 levels. Both the long-term average and the lower boundary of the 2 year-long uptrend are forming support around the same levels. ACWI ETF is in a steady uptrend. Decisive breakout above 73.90 can resume the multi-year long uptrend. Failure to move higher can result in another test of the long-term average at 71.2 levels.

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ISHARES MSCI ALL COUNTRY WORLD INDEX ETF

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a […]

GLOBAL EQUITY MARKETS – June 2, 2018

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REVIEW

Benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to consolidate in a tight range. Last 4 month's consolidation can be identified as a possible symmetrical triangle. Symmetrical triangle is a neutral chart pattern. Price can breakout in any direction. Strong resistance stands at 73.90 levels. Support, formed by both the lower boundary of the symmetrical triangle and the 200-day (40-week) moving average stands at 71 levels. Last 4 month's consolidation is taking place inside the 2 year-long uptrend channel. Long-term trend is upwards. Read More