INTERIM UPDATE (AMERICAS) – July 29, 2021

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I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below is the latest addition to Tech Charts watchlist from AMERICAS equities. These charts will also be included in the weekly update.

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CRYPTOCURRENCIES – July 24, 2021

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Cryptocurrencies are going through low volatility conditions. Many pairs have been in correction pulling back to their long-term averages. I'm using 365 day exponential moving average for my long-term trend following tool. In equities I prefer the 200-day average. Given that cryptocurrencies are trading all year round, I think 365 days is more appropriate. Irrespective, a long-term moving average is a good tool on a price chart to understand the overall trend of that instrument.

Not all cryptocurrencies will have a clean chart pattern development all the time. In this special issue, I'm trying to bring to your attention important well-defined support and resistance levels. Some pairs have clean chart pattern developments. However, I urge you to not use those patterns as a predictive tool. Rather, it should be used as a risk management tool once specific boundaries are breached on the upside or downside. I.e. some pairs are forming descending triangles which is a bearish chart pattern. However, it is only bearish if it is confirmed with a breakdown.

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GLOBAL EQUITY MARKETS – July 24, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its price target measured by the symmetrical triangle. Last 3 month's price action was a choppy uptrend. A pullback towards the long-term average will still not challenge the uptrend and positive outlook. Support area remains between 94.1 and 96 levels. There is no clear top reversal chart pattern on daily and weekly scale price charts.

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INTERIM UPDATE (AMERICAS) – July 23, 2021

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I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below is the latest addition to Tech Charts watchlist from AMERICAS equities. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – July 17, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its price target measured by the symmetrical triangle. Last 3 month's price action was a choppy uptrend that possibly formed a rising wedge. It is one the least reliable chart pattern for me. Though the appearance of the rising wedge could be signaling weakness and loss of upward momentum and can result in a correction towards the 200-day average. A pullback towards the long-term average will still not challenge the uptrend and positive outlook. Support area remains between 93.7 and 96 levels.

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GLOBAL EQUITY MARKETS – July 10, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend with higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 93.3 and the previous minor low at 96.5 can form an area of support. Price is now very close to the symmetrical triangle chart pattern price target. Intra-week sell-off was quickly reversed by the end of the week. Positive outlook is intact.

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GLOBAL EQUITY MARKETS – July 3, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend with higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 92.6 and the previous minor low at 96.5 can form an area of support. Price is now very close to the symmetrical triangle chart pattern price target.

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GLOBAL EQUITY MARKETS – June 26, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend with higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 92.6 and the previous minor low at 96.5 can form an area of support.

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INTERIM UPDATE (AMERICAS) – June 25, 2021

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I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below is the latest addition to Tech Charts watchlist from AMERICAS equities. One of them is an ETF that has a larger influence on a theme, possible strength in small cap growth stocks. The other is a stand alone breakout opportunity that might be too late to report in the weekly update if a breakout materializes. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – June 19, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a setback without reaching the symmetrical triangle price target. The ETF continued to form higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 92.1 and the previous minor low at 96.5 can form an area of support.

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