INTERIM UPDATE – February 13, 2020

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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 are 3 additions to Tech Charts watchlist that may experience breakouts. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – February 8, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from support at 77.5 levels. On the price chart last one month's price action seems like a pullback to the high seen in 2018 (77.5).  ACWI ETF is still in a steady uptrend. While this week's price was a strong rebound, unless the high at 81.4 is broken on the upside we can see further sideways consolidation between 77.5 and 81.4.  The 200-day moving average is still far from the price at 76 levels.

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GLOBAL EQUITY MARKETS – February 1, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed lower towards strong support area between 75.5 and 77.5. The weekly chart opened with a gap. The gap was filled during the week. The week closed very close to its lowest level. ACWI ETF is still in a steady uptrend. During the recent pullback, the high of 2018 (77.5) can act as support. The 200-day moving average is still far from the price at 75.5 levels.

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GLOBAL EQUITY MARKETS – January 25, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced the first setback. The weekly price chart formed an inside week. ACWI ETF is in a steady uptrend. During any pullback, the high of 2018 (77.5) can act as support. The 200-day moving average is still far from the price at 75.4 levels.

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GLOBAL EQUITY MARKETS – January 18, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain strong after completing both rectangle and H&S continuation chart patterns. ACWI ETF is in a steady uptrend. During any pullback, the high of 2018 (77.5) can act as support. It is usually difficult to pick tops and bottoms. The best way to approach strong trending markets is to trail it with trend following indicators such as ATR based trailing stops or different period moving averages. Selection of moving average period will depend on your time frame. Short-term moving averages will trail the price closely, resulting in an early exit signal.

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INTERIM UPDATE – January 16, 2020

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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 are 2 additions to Tech Charts watchlist that may experience breakouts. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – January 11, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain strong after completing both rectangle and H&S continuation chart patterns. The right shoulder of a possible H&S continuation was identified as a rectangle with the price target of 79.6 levels. So far the price remained stable after reaching price objective. ACWI ETF is in a steady uptrend. During any pullback, the high of 2018 (77.5) can act as support.

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GLOBAL EQUITY MARKETS – January 4, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its initial price target after completing both rectangle and H&S continuation chart patterns. The right shoulder of a possible H&S continuation was identified as a rectangle with the price target of 79.6 levels. So far the price remained stable after reaching price objective. ACWI ETF is in a steady uptrend. During any pullback, the high of 2018 (77.5) can act as support.

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INTERIM UPDATE – December 30, 2019

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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 up early in the week and is worth bringing to your attention. Below are 3 additions to Tech Charts watchlist that may experience breakouts. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – December 28, 2019

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Dear Tech Charts members,

Another year is almost behind us. 2019 has been a productive year. Your communications and feedback has been helpful in improving the membership service and I'm thankful for that. Without your support I would not be able to put out this product. I hope the ideas, the educational content, webinars and reports have added value in your decision making. Guided and motivated by our members feedback and comments there will be several new additions to Tech Charts membership service in the new Year. I look forward to announcing them as the new Year progresses. I wish all of you a healthy and successful new Year and I would like to thank you for being a Tech Charts member.

Regards,

Aksel Kibar, CMT

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its initial price target after completing both the rectangle and H&S continuation chart patterns. The right shoulder of a possible H&S continuation was identified as a rectangle with the price target of 79.6 levels. This week's price action pushed the ETF towards its rectangle chart pattern price target. Long-term chart pattern price objective stands at 85.5 levels. During any pullback, the high of 2018 (77.5) can act as support. Daily and weekly price charts show a steady uptrend.

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