GLOBAL EQUITY MARKETS – February 13, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend inside the past 2 months trend channel. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. Breakout above the upper boundary can resume the uptrend with increased momentum. There is no clear reversal chart pattern on the daily scale price chart. Uptrend is intact. I will monitor the daily scale price chart for a possible reversal chart pattern.
Read More
INTERIM UPDATE (OIL & GAS EQUIPMENTS) – February 12, 2021
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below is the latest addition to Tech Charts watchlist from AMERICAS equities. In the weekly report you will find few more Energy, Oil & Gas setups. This one is a great setup and I want to bring it to your attention before the market closes. This chart will also be included in the weekly update.
Read More
GLOBAL EQUITY MARKETS – February 6, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) had a short-term bear trap after breaching the lower boundary of the past 2 months uptrend at 92 levels. The ETF quickly recovered inside the trend channel and tested the minor high at 94.5 levels. The uptrend remains intact. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. The 200-day moving average and the upper boundary of the previous short-term consolidation are forming support between 83.2 and 84.15 levels. Following week I will monitor how the ETF performs at the minor high. If it finds resistance at 94.5, it can retrace back to the minor low at 90 levels.
Read More
