GLOBAL EQUITY MARKETS – February 29, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed at the minor high at 81.4 levels. The reversal started with a gap opening and took the ETF way below major support levels. The week closed off its lows but the weekly candlestick has done significant damage to short and long-term price charts. We might see a sharp rebound. 74.8 which is the horizontal boundary can act as resistance on the way up. Until I see price stabilizing above the 200-day average, I will monitor this chart for further weakness and volatility. Is a V-bottom reversal in the cards? A good example was in the beginning of 2019.

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GLOBAL EQUITY MARKETS – February 22, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found resistance at the minor high at 81.4 levels. The high at 81.4 is not yet broken on the upside and we can still see further sideways consolidation between 77.5 and 81.4.  The 200-day moving average is still far from the price at 76.45 levels. Without much interpretation, we can conclude that the chart of of ACWI ETF is showing a clear uptrend. During pullbacks 76.45-77.5 area will act as support.

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INTERIM UPDATE – February 19, 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 5 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 15, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) tested the minor high at 81.4 levels. On the price chart last one month's price action seems like a pullback to the high seen in 2018 (77.5) and a continuation higher. ACWI ETF is still in a steady uptrend. The high at 81.4 is not yet broken on the upside and we can still see further sideways consolidation between 77.5 and 81.4.  The 200-day moving average is still far from the price at 76 levels. Without much interpretation, we can conclude that the chart of of ACWI ETF is showing a clear uptrend.

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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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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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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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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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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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