GLOBAL EQUITY MARKETS – June 9, 2018

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REVIEW

Benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is challenging the upper boundary of its 4 month-long symmetrical triangle at 73.90 levels. Tight consolidation is taking place above the long-term average which is acting as support at 71.2 levels. Both the long-term average and the lower boundary of the 2 year-long uptrend are forming support around the same levels. ACWI ETF is in a steady uptrend. Decisive breakout above 73.90 can resume the multi-year long uptrend. Failure to move higher can result in another test of the long-term average at 71.2 levels.

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ISHARES MSCI ALL COUNTRY WORLD INDEX ETF

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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 and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features a developing chart pattern on the iShares MSCI All Country World Index ETF listed on the NYSE.

Benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to consolidate in a tight range. Last 4 month’s consolidation can be identified as a possible symmetrical triangle. Symmetrical triangle is a neutral chart pattern. Price can breakout in any direction. Strong resistance stands at 73.90 levels. Support, formed by both the lower boundary of the symmetrical triangle and the 200-day (40-week) moving average stands at 71 levels. Last 4 month’s consolidation is taking place inside the 2 year-long uptrend channel. Long-term trend is upwards. Decisive breakdown below the lower boundary of the symmetrical triangle will not only complete the chart pattern but also breach the boundary of the uptrend channel and the long-term moving average. Such price action will suggest lower levels in the coming weeks. Until we see a decisive breakdown from the symmetrical triangle, we will expect the long-term uptrend to remain intact. A daily close below 70.5 levels will confirm the breakdown from the 4 month-long symmetrical triangle. Breakout above 73.90 levels will resume the uptrend.

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GLOBAL EQUITY MARKETS – June 2, 2018

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REVIEW

Benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to consolidate in a tight range. Last 4 month’s consolidation can be identified as a possible symmetrical triangle. Symmetrical triangle is a neutral chart pattern. Price can breakout in any direction. Strong resistance stands at 73.90 levels. Support, formed by both the lower boundary of the symmetrical triangle and the 200-day (40-week) moving average stands at 71 levels. Last 4 month’s consolidation is taking place inside the 2 year-long uptrend channel. Long-term trend is upwards. Read more

GLOBAL EQUITY MARKETS – May 5, 2018

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Dear Tech Chart followers,

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watch list and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. Following the breakout alerts and the lengthy watch list, a section on correlation helps members to see the degree of relationship between the stocks and indices in the weekly report.

Below I’m sharing with you a sample report that was published on May 5, 2018. I hope this sample report will give you an idea of what to expect from the weekly Global Equity Markets report that Tech Charts Members receive.

 

REVIEW

Global equity markets is getting closer to a strong directional movement. Tight consolidations on both the iShares MSCI All Country World Index ETF and the iShares MSCI Emerging Markets Index ETF suggest breakouts can result in a trend period. Consolidations are followed by trends and vice versa. Both ACWI and EEM are trading above their long-term moving averages and inside the boundaries of multi-month long uptrend channels. Breakdown below the long-term averages and the lower boundary of trend channels can result in a larger scale correction. At this point, with the current available information, we can conclude that the long-term uptrend is still intact. We are very close to the completion of last quarter’s tight consolidation.

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RECTANGLE – A BREAKOUT OPPORTUNITY

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Dear Tech Charts followers,

I hope you have been enjoying the weekly blog posts on Global Equity Markets. The blog posts are part of many other great analysis and educational content Tech Charts membership offers. In celebration of our 1st anniversary and a very successful year, we’re offering everyone one last opportunity to get on board the Tech Charts service at the original launch price.  On June 2nd, our membership price will increase by 20%.

Starting from June 2nd, Global Equity Markets report will also include Frontier Market equities in its research universe. We also plan to expand our educational video tutorials that will benefit members who are new to classical charting and technical analysis. New, step by step video tutorials are being prepared on classical charting principles. I’m excited and motivated to improve our membership service every year.

I hope to build a long lasting relationship with all of our members and hope to serve you in the coming years.

<< Get access to Tech Charts at the original launch price & watch Year in Review Webinar >> 

HYATT HOTELS CORP (H)

Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia). The owned and leased hotels segment consists of its owned and leased full service and select service hotels. The Americas segment consists of its management and franchising of properties located in the United States, Latin America, Canada and the Caribbean. The ASPAC segment consists of its management and franchising of properties located in Southeast Asia, as well as China, Australia, South Korea, Japan and Micronesia. The EAME/SW Asia segment consists of its management and franchising of properties located in Europe, Africa, the Middle East, India, Central Asia and Nepal. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as strong resistance at 81.75 levels. The upper boundary was tested several times over the course of the chart pattern. A daily close above 83.4 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 88.85 levels.

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GLOBAL EQUITY MARKETS – May 26, 2018

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Announcement:

Dear Tech Charts members,

It has been a successful year since the launch of Tech Charts membership service. I’d like to take this opportunity to thank you all for your support. I hope to build a long lasting relationship with all of our members and hope to serve you in the coming years. I’m excited and motivated to improve our membership service every year. Going forward, Tech Charts Global Equity Markets report will include Frontier Markets into its research universe.  Tech Charts follows the MSCI classification for market research. Below is a table that shows MSCI classification for each market. Global Equity Markets report is highlighting developing opportunities in Developed and Emerging Markets. We are now adding Frontier Markets equities to our report. Please note that coverage of a specific market doesn’t mean you will find every equity available in that specific market. Global Equity Markets report features selective number of opportunities only if the price chart has a well-defined and mature classical chart pattern.

We have received several requests to include educational videos that explains basic concepts in Technical Analysis. For our members who are new to classical charting principles and technical analysis, we are planning to add new video tutorials. New educational videos on classical chart patterns are being produced as well.

As usual, please feel free to ask questions, send charts for discussions and feedback on any matter regarding your membership service.

I look forward to another great year.

REVIEW

Global equity markets remain in an uptrend. The iShares MSCI All Country World Index ETF is trading above its long-term average. Over the past 2 years the ETF has been moving in an upward trend channel. However, past 4 month’s price action is now becoming more clear as a sideways consolidation. The ACWI ETF is possibly forming a 4 month-long symmetrical triangle with the upper boundary acting as resistance at 73.9 and support at 71.2 levels. Until the recent consolidation is resolved in one direction we will expect more choppy price action. A breakdown will confirm the 4 month-long symmetrical triangle as a bearish continuation chart pattern. Such price action will also take out the lower boundary of the trend channel and the 200-day (40 week) moving average and suggest lower prices. A decisive break above 73.90 levels will keep the long-term uptrend intact and push the ACWI ETF towards 77-78 area (previous high).

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Tech Charts Year in Review – Year One

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Tech Charts Year in Review – Year One May 2018 

  • A study on Chart Pattern Reliability with the available sample data over the past year
  • Chart patterns with horizontal boundaries have been more reliable compared with breakouts from chart patterns with diagonal boundaries
  • Long-term trends impact the number of bullish and bearish chart pattern setups and breakout opportunities
  • Rectangles, H&S continuations, H&S bottoms and Ascending triangles have been reliable with breakouts from well-defined horizontal boundaries
  • Developing breakout opportunities
  • Live Q&A

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DUBAI TRADERS SUMMIT – RECTANGLE

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In April 2018, I was invited to share my experiences in charting the Middle East and Africa equity markets at the Dubai Traders Summit. The event was not recorded. I wanted to make this presentation available for our members so I recorded this educational video, featuring parts of the presentation I shared at the event. This section focuses on Rectangle examples. I hope you will find it valuable.

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DUBAI TRADERS SUMMIT – RECTANGLE

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In April 2018, I was invited to share my experiences in charting the Middle East and Africa equity markets at the Dubai Traders Summit. The event was not recorded. I wanted to make this presentation available for our members so I recorded this educational video, featuring parts of the presentation I shared at the event. This section focuses on Rectangle examples. I hope you will find it valuable.

 

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GLOBAL EQUITY MARKETS – May 19, 2018

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REVIEW

We are seeing a decoupling in terms of performance in the Global Equity Markets. Developed markets continue to remain strong whereas Emerging markets start to weaken. The charts below show both the iShares MSCI All Country World Index ETF and the iShares MSCI Emerging Markets Index ETF in a steady uptrend. However, over the past few weeks, the iShares MSCI All Country World Index ETF managed to rebound from its long-term average but the iShares MSCI Emerging Markets Index ETF struggled around the strong support area. Failure to recover from strong support area can result in a breakdown and larger scale correction for the Emerging Markets. The iShares MSCI Emerging Markets Index ETF is testing the 200-day (40 week) moving average.

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