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It was a mixed week for Global equity market performance due to each countries own political and geopolitical developments. However, the benchmark for Global equities, the MSCI ALL COUNTRY WORLD INDEX still shows a clear uptrend. MSCI ALL COUNTRIES WORLD INDEX captures large and mid cap representation across 23 Developed Markets and 23 Emerging Markets countries. With […]
A relatively short but eventful trading week is behind us. Volatility increased due to geopolitical tensions. Equity indices came under pressure with bonds moving higher. There were 4 new chart pattern breakout signals during the week. Irrespective of general market direction, I try to feature those breakouts and breakdowns from well-defined trading ranges as they […]
The MSCI Emerging Markets index is created by Morgan Stanley Capital International (MSCI) designed to measure equity market performance in global emerging markets. It is a float-adjusted market capitalization index that consists of indices in 23 emerging economies Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, […]
This week’s major financial event was the Dow Jones Industrial Average breaking the technical and psychological level at 20,000. Following the strong rally in November-December 2016, the index completed a month-long bullish flag with a gap opening. These are all positive technical developments for the equity markets. While the DJIA cleared its month-long resistance, RUSSELL […]
In the first few months of 2016, strong performance in Gold and Silver resulted in a sharp rally in precious metal stocks. Several oversold gold and silver mining companies had strong performance over the past few months. Similar bullish theme can take place in the basic materials and energy complex. Some of the commodities in […]
Emerging markets are experiencing renewed weakness after three months of sideways consolidation. MSCI Emerging Markets index sold-off between May and August 2015. Since August the index rebounded but hardly reached the strong resistance area formed by several long-term trend lines. In August, 850-900 area was broken down with a long monthly price action. Three months […]
A chart that breaks out to all time high levels has the least resistance. It is called the uncharted territory. Prices are expected to resume their trend after a decisive breakout to all-time high levels. This is what happened with some of the indices over the past few years. I attached below some of the […]
Here are some of the emerging market currencies that I see vulnerable against the U.S. dollar in the medium/long-term. U.S. dollar had a strong rally against major cross rates and most of the emerging market currencies. In the short-term we might be due for a pull-back and some weakness for the U.S. dollar but in […]
Emerging Market Equities are divided into 4 different geographical categories. Americas, Europe, Middle East & Africa and Asia & Pacific. Tech Charts will cover the equity indices for the markets that are classified below. Americas Europe Middle East & Africa Asia & Pacific BRAZIL BOVESPA INDEX VIENNA SE TRADED INDEX EGYPT EGX 30 […]
Are emerging markets really weak? There are outflows from the emerging markets but how are their equity market performances so far? Are their long-term uptrends challenged? Has there been significant technical damage during the latest so-called weakness? If a market is holding above its long-term moving average (200-day moving average), I classify this a uptrend. Likewise, if […]
