GLOBAL EQUITY MARKETS – March 6, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to hold above the existing uptrend line. The last time the ETF tried to reverse the ongoing trend was in January. The recent pullback came close to January minor low at 90.1. We are possibly in a reversion to the mean stage where the ETF can pullback towards the 200-day average similar to Sep-Oct period. For the time being we can say that the ETF found support at the minor low for a possible rebound. It could be still early to bring this possibility to your attention but I will monitor the ACWI ETF for a possible H&S top. The ETF might rebound to form the right shoulder of a possible H&S top.

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Live Webinar and Q&A with Aksel – Thursday, March 11th, 8:30 am mountain

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Dear Tech Charts Members, We are continuing our Member webinar series with the types of breakouts a chart pattern can experience. In the following webinar, we will review the 4 types of breakouts that chart patterns experience and how to manage each one. Scheduled for: Thursday, March 11th, 8:30 am mountain (register below) Read More

GLOBAL EQUITY MARKETS – February 27, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to hold above the existing uptrend line. The last time the ETF tried to reverse the ongoing trend was in January. That pullback rebounded from the trend line support and resulted in a another attempt to reach new all-time highs. Friday's close was weak and it was below the arguable (because I think trend lines, diagonal boundaries are more prone to failure) trend line support. The ETF is also at the upper boundary of a long-term trend channel. We are possibly entering into a reversion to the mean stage where the ETF can pullback towards the 200-day average similar to Sep-Oct period.

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GLOBAL EQUITY MARKETS – February 20, 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 inside the past 2 months trend channel. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. Breakout above the upper boundary can resume the uptrend with increased momentum. There is no clear reversal chart pattern on the daily scale price chart. Uptrend is intact. I will monitor the daily scale price chart for a possible reversal chart pattern.

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GLOBAL EQUITY MARKETS – February 13, 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 inside the past 2 months trend channel. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. Breakout above the upper boundary can resume the uptrend with increased momentum. There is no clear reversal chart pattern on the daily scale price chart. Uptrend is intact. I will monitor the daily scale price chart for a possible reversal chart pattern.

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INTERIM UPDATE (OIL & GAS EQUIPMENTS) – February 12, 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. In the weekly report you will find few more Energy, Oil & Gas setups. This one is a great setup and I want to bring it to your attention before the market closes. This chart will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – February 6, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) had a short-term bear trap after breaching the lower boundary of the past 2 months uptrend at 92 levels. The ETF quickly recovered inside the trend channel and tested the minor high at 94.5 levels. The uptrend remains intact. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. The 200-day moving average and the upper boundary of the previous short-term consolidation are forming support between 83.2 and 84.15 levels. Following week I will monitor how the ETF performs at the minor high. If it finds resistance at 94.5, it can retrace back to the minor low at 90 levels.

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GLOBAL EQUITY MARKETS – January 30, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced its first short-term pullback breaking down the lower boundary of the past 2 months uptrend at 92 levels. While the long-term uptrend is intact, the Global benchmark might be entering into a reversion to the mean stage where we see price pulling back to the 200-day average. The long-term price chart found resistance at the upper boundary of the multi year-long trend channel. The 200-day moving average and the upper boundary of the previous short-term consolidation are forming support between 82.6 and 84.15 levels.

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GLOBAL EQUITY MARKETS – January 23, 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 past the rectangle chart pattern price target at 91 levels.  On the weekly scale price chart of the ETF is also close to the upper boundary of the long-term uptrend channel. During any pullback 84.15 will act as support. The 200-day moving average, which I utilize as a trend filter, is rising as well, now at 82.1 levels. Uptrend is intact and there is no reversal chart pattern on daily scale price chart. The last 2 months uptrend formed a well-defined upward trend channel. The lower boundary can act as short-term support at 92 levels.

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INTERIM UPDATE (EUROPE & AMERICAS) – January 20, 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 are latest additions to Tech Charts watchlist from EUROPE & AMERICAS equities, in case they experience breakouts during the week. These charts will also be included in the weekly update.

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