GLOBAL EQUITY MARKETS – April 21, 2018

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I really enjoyed our conversation with Caroline Stephen, the host of Talking Trading. We discussed Technical Analysis, Classical Charting and my charting and trading experience in the Middle East & North Africa markets.

You can listen the interview by clicking this link (http://talkingtrading.com.au/frontier-markets/). I hope you will find it interesting and valuable.

REVIEW

During trending markets, there is “consensus”. During corrective markets there is “indecision”. Current market environment is corrective in nature (choppy price action) and as a result there is indecision between the buyers and the sellers. The iShares MSCI All Country World Index ETF formed a “doji” candlestick pattern. A similar candlestick pattern can be seen on the Nasdaq 100 Index.

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TALKING TRADING INTERVIEW FRONTIER MARKETS – April 19, 2018

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I really enjoyed our conversation with Caroline Stephen, the host of Talking Trading. We discussed Technical Analysis, Classical Charting and my charting and trading experience in the Middle East & North Africa markets.

You can listen the interview by clicking this link (http://talkingtrading.com.au/frontier-markets/). I hope you will find it interesting and valuable.

 

INTERIM UPDATE – April 18, 2018

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There are two important chart developments that I want to discuss in this Interim Update.

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RECTANGLE – BULLISH CONTINUATION

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Rectangle is one of my favorite classical chart pattern. It is relatively easy to identify on weekly scale price charts due to its well-defined horizontal boundaries. After an initial advance, Rectangle chart pattern marks a breath taking period, in other words, consolidation of previous gains and suggests a possible continuation of the previous trend. 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 two equities that formed rectangle chart patterns that can act as bullish continuation. Both charts were discussed in the latest weekly Global Equity Markets report.

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GLOBAL EQUITY MARKETS – April 14, 2017

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Reminder: I will be speaking at the Dubai Traders Summit organized by MetaStock on April 26th. Over the past decade I worked for institutions in the region, managing funds & portfolios as well as analyzing Emerging and Frontier markets. At this one day event I hope to connect with Tech Charts members & followers, ex-colleagues and fellow traders to discuss some of the best classical chart patterns that helped me in making trading and investment decisions. Registration is free. You can follow this link to register >> DUBAI TRADERS SUMMIT APRIL 26th.

REVIEW

The benchmark for Global Equity Markets performance, iShares MSCI All Country World Index ETF is trying to rebound from strong support area formed by the 200-day (40 week) average and the lower boundary of upward trend channel. Failure to hold above support area can result in a larger scale correction. iShares MSCI Emerging Markets Index ETF (EEM) is also trying to find support around the long-term support area. While the long-term uptrend is still intact, we are possibly due for more choppy price action in the coming weeks. Several major Global equity indices are forming well-defined trading ranges. Charts below show the boundaries of these consolidations.

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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 review on the iShares MSCI All Country World Index ETF that was featured in the latest Global Equity Markets report. Below you will also find a long-term chart on the iShares MSCI Emerging Markets Index.

Indecision. Jury is still out. This week’s price action is best explained with the help of candlestick patterns definitions. Spinning top is a candlestick with a long upper shadow, long lower shadow, and small real body. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the week opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline (I think this is what we experienced over the past 3 weeks) or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

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GLOBAL EQUITY MARKETS – April 7, 2018

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REVIEW

Indecision. Jury is still out. This week’s price action is best explained with the help of candlestick patterns definitions. Spinning top is a candlestick with a long upper shadow, long lower shadow, and small real body. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the week opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline (I think this is what we experienced over the past 3 weeks) or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

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BULLISH CHART PATTERNS ON INDIA EQUITIES

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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 an equity listed on the National Stock Exchange of India. MRF LTD was discussed in the latest weekly Global Equity Markets report. Below you will also find a video tutorial explaining cup & handle bullish continuation chart pattern.

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GLOBAL EQUITY MARKETS – March 31, 2018

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REVIEW

Global equity markets are still holding above their long-term support levels. A benchmark that I’m following for Global equity market performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded once again from the 200-day (40 week) moving average and the lower boundary of its 2 year-long trend channel. The benchmark for Emerging Markets equities performance, the iShares MSCI Emerging Markets Index ETF (EEM) is trading above its long-term average and still far from the lower boundary of its multi-month long uptrend. A breakdown below the lower boundary of the trend channel and the 200-day average at 70.3 levels for the ACWI can result in further weakness. Until we see a breakdown, we will expect the uptrends to resume.

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INTERIM UPDATE – March 29, 2018

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Global equity markets are going through a volatile period. During this choppy price action we are seeing some technical damage on specific securities. This Interim Update features one of those breakdowns from a well-defined year-long descending triangle that is possibly acting as a top reversal chart pattern. Also the report highlights another similar bearish reversal chart pattern development in U.S. equities.

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