INTERIM UPDATE (AMERICAS) – October 8, 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. This charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – October 2, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. Failure to hold above the upper boundary resulted in a failed breakout and is now followed by a correction towards the lower boundary of the trend channel at 101 levels. The ETF after the rebound from the lower boundary of the channel, once again challenged the support. Unless we see a quick recovery back inside the channel, price can test the 200-day average at 97.5 levels. 97.5 is also the upper boundary of the long-term trend channel that can be seen on weekly scale price chart. For now the outlook is more like a reversion to the mean, rather than a major top reversal.

 

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APPLIED MATERIALS INC (AMAT.O) 

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring Applied Materials Inc. listed on the Nasdaq Stock Exchange.

APPLIED MATERIALS INC (AMAT.O)

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long ascending triangle with the horizontal boundary acting as strong resistance at 145.40 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 149.50 levels will confirm the breakout from the 6 month-long ascending triangle with the possible chart pattern price target of 175.00 levels. Breakout can push the stock to all-time highs.

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  • Global Equities Report. Delivered weekly.
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CRYPTOCURRENCIES – September 26, 2021

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Several crypto currency pairs have completed short-term consolidations during July-September period. Most of them met their short-term price target. However following the rebounds, several pairs have run out of steam and charts have rolled over. In this update I’m taking a long-term look to many cryptocurrency charts to understand where we stand after the recent rebound and loss of momentum. All charts are on weekly scale and the moving average is the 52 week (year-long) average.
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GLOBAL EQUITY MARKETS – September 25, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. Failure to hold above the upper boundary resulted in a failed breakout and is now followed by a correction towards the lower boundary of the trend channel at 101 levels. The ETF tested the lower boundary of the trend channel and rebounded. The lower boundary is now a valid support given several tests. In case of a larger scale correction, strong support area will remain between 97.1 and 101 levels. 97.1 is also the upper boundary of the long-term trend channel that can be seen on weekly scale price chart.

 

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U.S. 10 YR YIELDS & BONDS

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below charts discuss U.S. 10 Year Treasury Yields and Bonds from the review section of the weekly report.

The chart below is the 10 Year U.S. Treasury Yield Index. The index is looking for a direction after a strong run. Price pulled back to the 200-day average. A recovery above 13.2-13.6 area can put the yields back in an uptrend. Failure to recover above 13.2-13.6 area can result in a correction towards 10 levels. Volatility is at an extreme low and this suggests a trend period soon.

The U.S. 10 Year T-Note is trading around its 200-day average. Latest consolidation below the 200-day average at 134.4 levels and the minor high at 134 levels will be important levels to monitor for trend change. I will monitor this chart for stability above the 200-day average to conclude for a trend change. Failure to recover above the 200-day average can result in a re-test of the lows around 130.7 levels.

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

GLOBAL EQUITY MARKETS – September 18, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. Failure to hold above the upper boundary resulted in a failed breakout and is now followed by a correction towards the lower boundary of the trend channel at 101 levels. In case of a larger scale correction, strong support area will remain between 97.1 and 101 levels. 97.1 is also the upper boundary of the long-term trend channel that can be seen on weekly scale price chart.

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INTERIM UPDATE (AMERICAS) – September 17, 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. This charts will also be included in the weekly update.

Read more

CRYPTOCURRENCIES – September 12, 2021

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Several crypto currency pairs have completed short-term consolidations on the upside. Volatility was low. These short-term consolidations acted as bottom reversals. Following the bottom reversals many pairs have experienced sharp corrections. Those corrections have pulled back to the year-long averages. I’m still trying to make sense of the current chart pattern developments. Clearly many short-term chart patterns are forming a bigger formation that will become clear with time.
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GLOBAL EQUITY MARKETS – September 11, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. The ETF has been trending higher in a channel on daily scale. Last week’s push above the upper boundary of the trend channel was followed by this week’s failure. Failure to hold above the upper boundary can result in a failed breakout and can be followed by a correction. Unless we see a sharp recovery above the upper boundary in the following week, I will weigh the possibility of a pullback towards the lower boundary of the trend channel around 100.5 levels. There is no reversal pattern on both daily and weekly scale price charts.

 

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