GLOBAL EQUITY MARKETS – February 3, 2018
REVIEW
2018 started with strong weekly gains. The steady uptrend on the iShares MSCI All Country World Index ETF took a steep shape in January due to back to back long weekly candlesticks. This week's sharp reversal gave back last two week's gains. From a classical charting perspective we don't have enough evidence to call the latest reversal a "market top". Multi month-long uptrend is still intact. We are currently experiencing a reversion back to the averages or to the long-term trend line supports. Global equities can retrace further and major equity benchmarks can still remain in their long-term uptrends. We will need more evidence in the following weeks.
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INTERIM UPDATE – February 2, 2018
Germany's DAX Index experienced a sharp sell-off after reaching all-time highs. Last one week's price action pulled the index back to strong support level at 12,800 levels. Read More
GLOBAL EQUITY MARKETS – January 27, 2018
REVIEW
This was another strong week for the Global Equity Markets. The iShares MSCI All Country World Index ETF, a benchmark for global equity markets performance, continued to resume its strong uptrend above the 21 month-long upward trend. The uptrend has taken a parabolic shape. Parabolic price action is not sustainable. Short-term pullback and reversion to the mean is a possibility. At this point there is no clear chart pattern that would suggest a trend reversal.
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