GLOBAL EQUITY MARKETS – August 17, 2019
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at the minor low at 70 levels. This week's price action was the 3rd test of the support at 70 levels. The ETF is possibly forming a new trading range between 70 and 74.8 levels. Breakdown below 70 levels can confirm the consolidation as a double top and result in further weakness.
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GLOBAL EQUITY MARKETS – August 10, 2019
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at the minor low at 70 levels. Mid-week Interim Update discussed the possibility of a rebound. The reversal from 70 levels filled the gap. This week's close was at the 200-day average. The ETF is possibly forming a new trading range between 70 and 74.8 levels. Breakdown below 70 levels can result in further weakness.
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INTERIM UPDATE – August 7, 2019
As the trade war tensions between U.S. and China escalated, volatility in Global equity markets increased. Given the levels the major Global ETFs are testing, I think a mid-week update would be helpful to put the current status of the markets into perspective.
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