GLOBAL EQUITY MARKETS – June 10, 2017

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UK election results, FANG (Facebook, Amazon, Netflix & Google) Volatility and U.S. Financial/Banking stocks strength. As much as I followed, these were the market moving topics of the week. It is important to note that U.K. FTSE 100 index broke out to all-time highs from its multi-decade long consolidation and the outlook remains positive in the long-term. Please see June 3, 2017 report for U.K. FTSE 100 Index chart.

Political/geopolitical events should not affect our chart interpretation. In fact, I believe that price action is primary and events are secondary. Price is a leading indicator. I am sure many of you experienced a breakout followed by a major news or event.

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LONG-TERM CHARTS & LAUNCHING PATTERNS

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Stock prices are either in a follow through trending phase or in a consolidation phase. During a strong trending period, a stock will proceed from one price level to another with very little interruption. During a consolidation period a stock will move in both directions without producing any meaningful or sustained price change.

During periods of consolidation prices tend to form a recognizable chart pattern which helps us to determine the direction and magnitude of the next substantial trend with some degree of accuracy.

Because price action and chart patterns are a result of human interaction, it is possible to find those repeating chart patterns in different markets, in different time frames such as on daily, weekly and monthly scale and in different time periods.

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GLOBAL EQUITY MARKETS – June 3, 2017

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This week’s Global Equity Markets report covers several ETFs and global equity indices and single stocks from Developed and Emerging countries. You will find that some of the themes are longer-term and can offer great opportunity once these chart patterns are resolved on the upside. The info-graphic below explains what each label on the charts and section headers stand for. I hope this will make it easier to navigate through the charts.

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Ascending Triangle – Bullish Continuation

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Head and Shoulders Top – Bearish Reversal

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Review of the Best Classical Chart Pattern Breakouts

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Every week, as I go through 1000’s of charts. I look for select, common characteristics on developing chart patterns. And the chart pattern should be mature on a weekly scale. For me, this means chart patterns in duration between 3 to 24 months. It should have a well-defined and preferably a horizontal chart pattern boundary. I look for chart patterns classified as H&S top/bottom, rectangles, cup & handle continuations, double top/bottoms and flags. I only feature symmetrical triangles that have well-defined boundaries. The boundary of the chart pattern should be tested several times before the breakout takes place. Several tests of a chart pattern boundary is an indication that market participants actually recognized the pattern boundary as an important technical level. A breach of this level would signal a shift in the market dynamics between the bulls and the bears.

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GLOBAL EQUITY MARKETS – May 27, 2017

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Dear Tech Charts members,

Thank you for joining Tech Charts as Founding Member. I hope to identify many great chart set-ups, trading & investment themes and add value to your decision making process in the years ahead. This week’s Global Equity Markets report covers several ETFs from different regions, single stocks from Developed and Emerging countries and equity indices. You will find that some of the themes are longer-term and can offer great opportunity once these chart patterns are resolved on the upside. In this report I also added a section that explains what each label on the charts and section headers stand for. I hope this will make it easier to navigate through the charts.

 

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