Archive for category: Premium

After reviewing several daily end of day charts and weekly charts from the weekend research, these opportunities from Global Equities are worth bringing to your attention as they get closer to breakout levels and can confirm chart pattern setups before the week finalizes. These charts will be discussed in the weekend report as well.

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) recovered above its 200-day average at 140.18. Horizontal support at 136 levels held. 136-140.18 area continues to act as support. Price cleared the 148.8 resistance with a gap last weeks and held above the highs forming a short-term bullish flag. 148.8 becomes the short-term support. Uptrend resumes as the short-term consolidation acts as bullish continuation. 

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) recovered above its 200-day average at 139.5. Horizontal support at 136 levels held. The gap between 140 and 143.5 can get filled during a pullback. 136-139.5 area continues to act as support. Price cleared the 148.8 resistance with a gap last weeks and held above the highs during this week. 148.8 becomes the short-term support. If the short-term consolidation acts as a bullish continuation, uptrend can resume. Friday's price action was an attempt to clear the short-term resistance. I will monitor strength in the following week. 

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) recovered above its 200-day average at 138.38. Horizontal support at 136 levels held. The gap between 140 and 143.5 can get filled during a pullback. 136-138.93 area continues to act as support. Price cleared the 148.8 resistance with a gap last week and held above the highs during this week. 148.8 becomes the short-term support. If the short-term consolidation acts as a bullish continuation, uptrend can resume.