GLOBAL EQUITY MARKETS – September 23, 2017

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Another Emerging Asia equity index broke out to new all-time highs. Philippines SE Composite index breached the 8,125 level after moving in a 2 year-long, wide trading range between 6,500 and 8,125 levels. The equity benchmark has been in a steady uptrend for the past year. Last two week's price action cleared the strong horizontal resistance and pushed the index to uncharted territory. Once a strong resistance, 8,125 level now acts as support. As long as the index holds above that level we will expect positive momentum to continue in the Philippine Stock Exchange. An efficient way to take advantage of the recent bullish technical development in the Emerging Asian country is through iShares MSCI Philippines ETF (EPHE.K) that is listed on the New York Stock Exchange. The chart below reviews the iShares MSCI Philippines ETF.

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GLOBAL EQUITY MARKETS – September 16, 2017

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Global equity markets continue to remain in a steady uptrend. iShares MSCI All Country World Index, a benchmark for global equity market performance, continued to hold above its multi month-long upward trend line. The minor low and the upward sloping trend line are forming support at 66.15 levels. Uptrend is intact.

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Factor & Tech Charts Member Webinar – Thursday, September 21st at 11am Mountain

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Thursday, September 21st at 11:00 am MST

Members of the Factor and/or Tech Charts Service join us for our first joint webinar with Peter Brandt and Aksel Kibar. Peter and Aksel will give examples of major chart patterns. They will discuss current trades that performed well and showcased classical charting patterns. Peter and Aksel will also discuss any current developing trades. As time allows we’ll end with member questions.

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GLOBAL EQUITY MARKETS – September 9, 2017

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I am not sure if Volatility index can be analyzed from a classical charting perspective but over the past few months, the VIX futures and since 2016, the CBOE Volatility Index respected important support/resistance levels. Irrespective of the headlines related to geopolitical tensions, the three different continuation future price charts of the Volatility Index (Oct, Nov, Dec) are showing signs of multi-month bottoming process. The importance of 15-16 area as a resistance can be seen on the Volatility Index and the VIX futures price charts. Last one month's price action arguably formed tight consolidations in the form of a pennant/symmetrical triangle below the important horizontal resistance. I think we should keep a close eye on these charts in the coming weeks. Completion of the month-long tight consolidation range can result in a breakout above the strong resistance area between 15 and 16 levels.

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GLOBAL EQUITY MARKETS – September 2, 2017

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The iShares MSCI ACWI ETF seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities. It is a good measure of Global equity markets performance. The ETF is listed on the Nasdaq Stock Exchange. Over the past few weeks, the Global Equity Markets report reviewed the ACWI ETF and highlighted the importance of the multi-month uptrend and the trend line support. Last two week's price action rebounded from the steep trend line support at 66.10 levels and challenged the all-time highs. The long-term up trend is still intact and the multi-month trend support has become even more important. The more a technical level is tested the more important that level becomes. For now, our conclusion is that, the benchmark for global equity market performance is still moving higher with an important support (minor low and multi-month upward  trend line) standing at at 66.10 levels.

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INTERIM UPDATE – August 29, 2017

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When I started expanding the research and investment universe of Tech Charts back in 2011, it was my intention to offer members and followers a broad perspective on global financial markets opportunities from a classical charting point of view. Today, most of the financial markets are accessible via prime brokers, local brokers or dual listed equities (depository receipts) and Exchange Traded Funds (ETFs). Traders and investors find value in diversifying their portfolios in different asset classes as well as different geographies. The info graphic below highlights the importance of having a global perspective in financial markets research  and investment.

Data source: www.visualcapitalist.com Read More

GLOBAL EQUITY MARKETS – August 26, 2017

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Strong weekly performance of the Chinese SSE Composite Index is worth mentioning in this weeks update. Strength in the Chinese equities helped MSCI Emerging Markets Index to remain resilient during the last few week's of global equity market weakness. MSCI Emerging Markets index that cleared decade-long trend resistance in July, held on to its earlier gains during the month of  August.

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GLOBAL EQUITY MARKETS – August 19, 2017

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The iShare MSCI ACWI ETF is testing a 17 month-long upward trend line. The more a trend line or a support/resistance area is tested the more important it becomes. The long-term trend line has been tested several times. In the beginning of the week, the global equity benchmark ACWI rebounded from the lower boundary of its 7 month-long trend channel but finished at the same level on Friday. A breakdown below 66.3 levels can push the price towards the long-term trend line support at 65.8. Steep trend lines like the one we are seeing on the ACWI, can't extend for a long time. The trend needs adjustment, in other words find another low. (I added an S&P 500 chart below to better explain this point). The real test will be at 65.8 levels. Breakdown below that support can result in a correction towards 63 levels. Next week, I will be monitoring 66.3 and 65.8 levels closely. Important support area is between 65.8 and 66.3. I will issue interim updates if there is a change in the technical outlook.

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GLOBAL EQUITY MARKETS – August 12, 2017

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This week's price action did some technical damage on the charts. MSCI ALL COUNTRY WORLD INDEX ETF, a benchmark for global equity market performance gave back three weeks of gains in one weekly bar. The discussion on the financial networks and social media was about buying the dip. 66.3 is the lower boundary of the 7 month-long trend channel for the ACWI ETF. Failure to hold this support level can push the price to the next support at 65.5, which is the 17 month-long upward trendline. There is no clear chart pattern forming on the MSCI ACWI ETF. For those who are looking for sell signals on the ACWI, the breakdown of the trend channels should give some guidance. In case of further weakness in the global equity markets (a breakdown on the ACWI), this week's report should be helpful in identifying some of the bearish chart setups in the global equities and ETFs.

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INTERIM UPDATE – August 8, 2017

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Industrial metals including Copper, Zinc, Nickel and Aluminum are showing strength and strong price action is now reflected on some of the benchmark indices, ETFs and ETNs that track the performance of the industrial metals. Thanks to several Tech Charts members and twitter followers for bringing to my attention the improving outlook in the metals complex.

Bloomberg Commodity indices are some of the benchmarks that I follow. I reviewed some of the chart developments on these indices (discussing several commodity related stocks) back in 2016. Below are some great chart setups that I think might add value to each trader/investors market analysis. Though one should pay close attention to the leverage, liquidity, issuer, counter party risk and many other factors on these OTC or Exchange-listed instruments.

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