Live Webinar and Q&A with Aksel – Thursday, December 14, 11am mountain
As you all know one of my favorite chart patterns is a rectangle. A rectangle is a chart pattern with horizontal boundaries. I prefer breakouts from chart patterns with horizontal boundaries when compared with breakouts from diagonal chart patterns. Over the past couple of months the Global Equity Markets report has featured great chart setups that I identified as well-defined rectangles.
The upcoming webinar is dedicated to a thorough discussion on this highly reliable chart pattern.
- We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report.
- We will look at some of the developing chart pattern breakout opportunities.
- Most important in this webinar we will highlight Tech Charts members favorite rectangle setups in different equity markets. I would like to discuss and share some of the best classical chart patterns that members identified or those charts that members might have questions about.
- As usual we will have a member Q&A at the end of the webinar.
GLOBAL EQUITY MARKETS – December 2, 2017
REVIEW
The XAU is a capitalization-weighted index of thirty precious metal mining companies that has been traded on the Philadelphia Stock Exchange since 1983. As its name suggests it includes both gold and silver mining companies. In order to track gold and silver mining companies performance in an index there are several options available for investors, but the two most watched indices are: the NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index (called the HUI Index) and Philadelphia Gold and Silver Index (called the XAU Index). Below charts feature the Philadelphia Gold and Silver Index and the NYSE Arca Gold BUGS Index.
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GLOBAL EQUITY MARKETS – November 25, 2017
REVIEW
The MSCI Domestic U.S. Real Estate Index and related REIT ETFs are going through a lengthy consolidation. Breakouts from tight and lengthy consolidations are usually followed by strong directional movement. Price index respected the boundaries of the 9 month-long symmetrical triangle. Both boundaries were tested several times over the past months. The upper boundary of the possible symmetrical triangle is acting as resistance at 1,180 levels and the lower boundary as support at 1,140 levels. A decisive breakout above 1,180 levels will confirm the symmetrical triangle as a bullish continuation with a possible chart pattern price target of 1,255 levels. Below you can find related ETFs to take advantage of a possible directional movement on the MSCI Domestic US Real Estate Price Index.
