GLOBAL EQUITY MARKETS – October 12, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strong from the support area formed by the horizontal minor support and the 200-day moving average between 72.25 and 72.5 levels. The weekly close was close to the multi-month long resistance at 74.8 levels. The ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern. The right shoulder of a possible H&S continuation is now well-defined and can be labelled as a rectangle.

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GLOBAL EQUITY MARKETS – October 5, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) filled the gap between 72.5 and 73.5 area. Both the 200-day moving average and the minor high are formed support around 72.25 and 72.5 levels. The weekly close was off the lows suggesting buyers stepped in around the 200-day moving average. The ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern.

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GLOBAL EQUITY MARKETS – September 28, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reversed from the strong horizontal resistance at 74.8 levels. The pullback is possibly filling the gap between 72.5 and 73.5 area. Both the 200-day moving average and the minor high are forming support around 72.25 and 72.5 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation. Since April 2019, the ETF is trading between 70 and 74.8 levels.

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A review of the most reliable chart patterns Tech Charts Global Equity Markets report featured over the past two years – September 2019 Tech Charts Webinar

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A review of the most reliable chart patterns Tech Charts Global Equity Markets report featured over the past two years - September 2019 Tech Charts Webinar Webinar Outline
  • We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report 
  • We will review some of the conditions that are required for successful completion of different chart patterns 
  • We will look at some of the developing bullish continuation chart patterns 
  • We will continue to highlight Tech Charts members favorite chart pattern setups in different equity markets
  • We will have a member Q&A at the end of the webinar
Live questions from Members  
  1. On triangle breakouts, how important do you feel it is to clear the last pivot point (as opposed to buying the breakout immediately) before enter ing a trade? 1:07:49
  2. Could you please comment the HUI or GDX graph? 1:08:30
  3. You have been using SSE50 to analyze China. May I suggest including or start using A50? The reason is apparently the futures contracts trading on SGX. Or, is there a leveraged way to trade SSE50 other than CFD? 1:09:15
  4. Slide 2 - Is the moving average simple, exponential, or something else? 1:09:52
  5. Can you start posting the slides with the member webinar on the member site? It would be very helpful. 1:10:52
  6. H&S bottom reversal: it looks like from the examples that the downtrend line would be breached, retested and form the right shoulder and then breakout. The question, would it be advisable to take position after right shoulder(retest of the down trend line)? 1:11:09
  7. When a H&S has a neckline that is slanted left or right, to which point do you trade? 1:12:08
  8. Why three times 10-period ATR? Is it from experience, is this the best setting for Aksel's time frame? 1:13:02
  9. Broadening triangle - It's probably not worth taking a position but when a flat top broadening triangle forms in the downtrend, is there a bias? Example Canada government bond 2-year rate. Flat top broadening triangle formed from March, in the middle of the downtrend. 1:14:30
  10. How do you answer something like this: "I never thought buying breakouts was a good way to trade. Takes so many buyer s to get a stock through resistance. You don't wanna be buying AFTER that...Pullbacks after the breakout or ahead of a breakout only for me.” 1:15:32
  11. When a premature breakout happens, and the stop is hit, if the breakout happens again, would you take the signal again? If yes, do you change the position size if the risk is lower this time (pivot closer to breakout level)? 1:16:47
  12. Have you calculated which patterns tend to assume which roles: continuation vs. reversal? 1:17:37
  13. Is there any suggestion, other than using the correlation table, which breakout signals to select from because you highlight many and they all look pretty good. 1:18:32
  14. What does on a daily closing basis mean - example when saying, “That the 3%-breakout-confirmation has to happen on a daily closing basis?” 1:19:14
Recorded live 9.15.2019    Read More

GLOBAL EQUITY MARKETS – September 21, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is holding at the upper boundary of the larger scale consolidation at 74.8 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation. Since April 2019, the ETF is trading between 70 and 74.8 levels. It is important to note that 74.8 acted as a strong resistance since the first quarter of 2018. Failure to break the strong resistance can result in a pullback towards the support at 72.5. On the daily scale price chart we can see a gap (72.5-73.5) and that gap can be filled during the pullback.

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GLOBAL EQUITY MARKETS – September 14, 2019

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Reminder:

We are continuing our Member webinar series with a review of the most reliable chart patterns Tech Charts Global Equity Markets report featured over the past two years. We will go through numbers on chart pattern reliability. Since May 2017, Global Equity Markets report featured classical chart pattern breakouts. Out of those, most reliable were H&S bottom, rectangle, and descending triangle. We will review under which conditions these chart patterns reached their price objectives. 

Given the current market conditions, the webinar will review some of the important charts that are at inflection points. Global equities can start new medium-term trends and it is important to review some of the charts that could signal the beginning of strength.

Scheduled for: Thursday, September 19th at 8:30 am mountain (register here)

REVIEW

After the minor consolidation between 70 and 72.5 completed on the upside the benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached the upper boundary of the larger scale consolidation at 74.8 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation. Since April 2019, the ETF is trading between 70 and 74.8 levels. It is important to note that 74.8 acted as a strong resistance since the first quarter of 2018.

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Live Webinar and Q&A with Aksel – Thursday, September 19th at 8:30 am mountain

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Dear Tech Charts Members,

We are continuing our Member webinar series with a review of the most reliable chart patterns Tech Charts Global Equity Markets report featured over the past two years. We will go through numbers on chart pattern reliability. Since May 2017, Global Equity Markets report featured classical chart pattern breakouts. Out of those, most reliable were H&S bottom, rectangle, and descending triangle. We will review under which conditions these chart patterns reached their price objectives. 

Given the current market conditions, the webinar will review some of the important charts that are at inflection points. Global equities can start new medium-term trends and it is important to review some of the charts that could signal the beginning of strength.

Scheduled for: Thursday, September 19th at 8:30 am mountain (register below)

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GLOBAL EQUITY MARKETS – September 7, 2019

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REVIEW

The minor consolidation between 70 and 72.5 is completed on the upside. The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains in a wider trading range between 70 and 74.8 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation.

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GLOBAL EQUITY MARKETS – August 31, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) formed a short-term consolidation range between 70 and 72.5 levels. The larger scale consolidation is between 70 and 74.8 levels. The boundaries have become well-defined. Breakout above the minor resistance at 72.5 levels can send the ETF towards the resistance at 74.8 levels. Failure at the minor resistance can result in further sideways consolidation between 72.5 and 70 levels. How the ETF resolves from the recent tight consolidation will decide on the last quarter performance for Global equities.

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INTERIM UPDATE – August 30, 2019

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Dear Tech Charts members, I'm currently working on couple of things.
  1. A detailed analysis of chart pattern reliability/statistics of all breakout alerts (will be available soon).
  2. A new schedule to focus on identifying and featuring more shorter-term breakout opportunities for our members with short-term focus. The weekly Global equity markets report features chart patterns in duration between 4 months - 24 months. I will start adding 2 months - 4 months duration chart patterns on daily scale price charts. A recent example is in this Interim Update (MERCK KGA).
  3. Quarterly member webinar due in September. (date and time will be announced soon).

As I put together the weekly Global equity markets report, I though of sending this Interim Update given the fast moving nature of the past few days equity markets. Members might want to take advantage of those breakouts, if they take place in the last trading day of the week. This update is prepared during Europe trading hours. Charts are as of 11:00 am CET.

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