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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CHART PATTERNS ON DUAL-LISTED SECURITIES

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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 dual listed equity from the watch list section of the Global Equity Markets report. Dual listed equities allow access to traders/investors that are operating in different exchanges/geographies.

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GLOBAL EQUITY MARKETS – March 24, 2018

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REVIEW

Both the iShares MSCI All Country World Index ETF and iShares MSCI Emerging Markets Index ETF are headed towards their February lows. Next few weeks will be important as these two Global equity benchmarks will tell us if the 2 year-long uptrend in equities is over or not. Breakdown below long-term averages will also violate the lower boundary of steady upward trend channels. While the iShares MSCI Emerging Markets index has margin towards the strong support area, the iShares MSCI All Country World Index closed the week at the support level. Unless we see a stability above 70 levels, the ETF can correct towards the next support at 63 levels.

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EUROSTOXX 600 & HEDJ EUROPE EQUITY 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 European equity benchmark highlighted in the review section from the Global Equity Markets report. Also you will find a chart setup developing on HEDJ Europe Equity ETF.

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