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GLOBAL EQUITY MARKETS – April 21, 2018

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I really enjoyed our conversation with Caroline Stephen, the host of Talking Trading. We discussed Technical Analysis, Classical Charting and my charting and trading experience in the Middle East & North Africa markets.

You can listen the interview by clicking this link (http://talkingtrading.com.au/frontier-markets/). I hope you will find it interesting and valuable.

REVIEW

During trending markets, there is "consensus". During corrective markets there is "indecision". Current market environment is corrective in nature (choppy price action) and as a result there is indecision between the buyers and the sellers. The iShares MSCI All Country World Index ETF formed a "doji" candlestick pattern. A similar candlestick pattern can be seen on the Nasdaq 100 Index.

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GLOBAL EQUITY MARKETS – April 14, 2017

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Reminder: I will be speaking at the Dubai Traders Summit organized by MetaStock on April 26th. Over the past decade I worked for institutions in the region, managing funds & portfolios as well as analyzing Emerging and Frontier markets. At this one day event I hope to connect with Tech Charts members & followers, ex-colleagues and fellow traders to discuss some of the best classical chart patterns that helped me in making trading and investment decisions. Registration is free. You can follow this link to register >> DUBAI TRADERS SUMMIT APRIL 26th.

REVIEW

The benchmark for Global Equity Markets performance, iShares MSCI All Country World Index ETF is trying to rebound from strong support area formed by the 200-day (40 week) average and the lower boundary of upward trend channel. Failure to hold above support area can result in a larger scale correction. iShares MSCI Emerging Markets Index ETF (EEM) is also trying to find support around the long-term support area. While the long-term uptrend is still intact, we are possibly due for more choppy price action in the coming weeks. Several major Global equity indices are forming well-defined trading ranges. Charts below show the boundaries of these consolidations.

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ISHARES MSCI ALL COUNTRY WORLD INDEX ETF

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features a review on the iShares MSCI All Country World Index ETF that was featured in the latest Global Equity Markets report. Below you will also find a long-term chart on the iShares MSCI Emerging Markets Index.

Indecision. Jury is still out. This week's price action is best explained with the help of candlestick patterns definitions. Spinning top is a candlestick with a long upper shadow, long lower shadow, and small real body. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the week opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline (I think this is what we experienced over the past 3 weeks) or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

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GLOBAL EQUITY MARKETS – April 7, 2018

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REVIEW

Indecision. Jury is still out. This week's price action is best explained with the help of candlestick patterns definitions. Spinning top is a candlestick with a long upper shadow, long lower shadow, and small real body. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the week opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline (I think this is what we experienced over the past 3 weeks) or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

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GLOBAL EQUITY MARKETS – March 31, 2018

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REVIEW

Global equity markets are still holding above their long-term support levels. A benchmark that I'm following for Global equity market performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded once again from the 200-day (40 week) moving average and the lower boundary of its 2 year-long trend channel. The benchmark for Emerging Markets equities performance, the iShares MSCI Emerging Markets Index ETF (EEM) is trading above its long-term average and still far from the lower boundary of its multi-month long uptrend. A breakdown below the lower boundary of the trend channel and the 200-day average at 70.3 levels for the ACWI can result in further weakness. Until we see a breakdown, we will expect the uptrends to resume.

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GLOBAL EQUITY MARKETS – March 24, 2018

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REVIEW

Both the iShares MSCI All Country World Index ETF and iShares MSCI Emerging Markets Index ETF are headed towards their February lows. Next few weeks will be important as these two Global equity benchmarks will tell us if the 2 year-long uptrend in equities is over or not. Breakdown below long-term averages will also violate the lower boundary of steady upward trend channels. While the iShares MSCI Emerging Markets index has margin towards the strong support area, the iShares MSCI All Country World Index closed the week at the support level. Unless we see a stability above 70 levels, the ETF can correct towards the next support at 63 levels.

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GLOBAL EQUITY MARKETS – March 17, 2018

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REVIEW

To summarize the current technical outlook in the Global Equity markets, I would say "range-bound". Global Equity benchmark charts below show the boundaries of the recent consolidations. After the sharp sell-off in the first half of February, global indices are returning back to low volatility conditions. Both the iShares MSCI All Country World Index ETF (ACWI.O) and the iShares MSCI Emerging Markets Index ETF (EEM) are in a long-term uptrend. Both benchmarks are above their long-term averages. Latest consolidations are taking place above strong support areas.

  

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GLOBAL EQUITY MARKETS – March 10, 2018

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REVIEW

A strong weekly close and especially a strong Friday price action is positive for Global equities. However, it is still early to conclude that the short term consolidation is over and we are headed to new all-time highs. I think we are still in the consolidation phase and choppy price action can continue for some time.

The long-term trend is upwards for the iShares MSCI All Country World Index ETF (ACWI.O). The benchmark for Global equity market performance continues to remain above its long-term average. In the short/medium-term, the ETF is in a trading range between the all-time high at 77.55 and 70 levels.

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GLOBAL EQUITY MARKETS – March 3, 2018

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Reminder on Live Webinar

Due to very positive feedback we got for the last webinar on rectangle chart patterns, we are continuing the webinar series with another reliable horizontal chart pattern; the ascending triangle. Live Webinar and Q&A with Aksel - Thursday, March 8, 11am mountain. You can register here (Register for the Live Webinar)

REVIEW

Equity indices that had weak rebound from the lows, tested the same support areas. Japan's Nikkei Index is one of them. On the weekly scale we can see that the upward trend channel is still intact with the support forming at 20,880 levels. On the daily scale price chart (futures price data to capture Friday's close) we can see that the Friday's recovery on U.S. indices helped the Nikkei Futures to form a Doji candlestick at the support. Failure to hold these levels can result in a larger scale correction. In the short-term Japan's Nikkei will try to find support around 20,880 levels and if it succeeds we will possibly label the price action as a double bottom.

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GLOBAL EQUITY MARKETS – February 24, 2018

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REVIEW

Global equity markets rebounded sharply and held on to last week's gains. I follow the iShares MSCI All Country World Index ETF (ACWI.O) as a benchmark for the Global equity markets performance. The ETF is in a steady uptrend above the long-term (200 day, 40 week) average. Volatility increased in the month of February after the sharp sell-off in the equity markets. The ACWI ETF tested its long-term average which is now acting as strong support at 70 levels. Choppy sideways price action can continue for some time until we see lower levels on volatility. Usually, markets go through a period of consolidation after sharp corrections. I think we are in that stage.

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