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MSCI ALL COUNTRIES 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 (bullish & bearish) 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 main focus of the weekly report is to bring member's attention some of the best examples of classical charting and chart patterns that are likely to resolve in a directional move. This blog post reviews one of several important technical developments in the Global Equity Markets.

ISHARES MSCI ALL COUNTRY WORLD INDEX ETF (ACWI.O)

Last week's price action did some technical damage on the charts. MSCI ALL COUNTRY WORLD INDEX ETF, a benchmark for global equity market performance gave back three weeks of gains in one weekly bar. The discussion on the financial networks and social media was about buying the dip. The iShares MSCI All Country World Index ETF is listed on the Nasdaq Stock Exchange. 66.3 is the lower boundary of the 7 month-long trend channel for the ACWI ETF. The index rebounded from the strong support once again. Failure to hold this support level can push the price to the next support at 65.5, which is the 17 month-long upward trendline. There is no clear chart pattern forming on the MSCI ACWI ETF that would suggest a top reversal. For those who are looking for a sell signal on the ACWI, the breakdown of the trend channels should give some guidance. In case of further weakness in the global equity markets ( i.e. a breakdown on the ACWI), the weekly Global Equity Markets report featured some of the well-defined bearish chart setups in the global equities and ETFs.

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GLOBAL EQUITY MARKETS – August 12, 2017

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This week's price action did some technical damage on the charts. MSCI ALL COUNTRY WORLD INDEX ETF, a benchmark for global equity market performance gave back three weeks of gains in one weekly bar. The discussion on the financial networks and social media was about buying the dip. 66.3 is the lower boundary of the 7 month-long trend channel for the ACWI ETF. Failure to hold this support level can push the price to the next support at 65.5, which is the 17 month-long upward trendline. There is no clear chart pattern forming on the MSCI ACWI ETF. For those who are looking for sell signals on the ACWI, the breakdown of the trend channels should give some guidance. In case of further weakness in the global equity markets (a breakdown on the ACWI), this week's report should be helpful in identifying some of the bearish chart setups in the global equities and ETFs.

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GLOBAL EQUITY MARKETS – July 15, 2017

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Global equities had a strong performance led by Emerging Market equities and mainly Chinese Large-caps. MSCI Emerging Markets Index breached its decade-long trend line resistance at 1,020 levels. Tech Charts Global Equity Markets reports drew attention to the developing strength in Emerging Asia equities. Following the strong performance of S.Korea, Taiwan, India and Philippines, Chinese equities are also joining the list. An interim update was sent out during the week discussing the strong breakout on the Ishares China Large Cap ETF (FXI). Below charts feature the MSCI Emerging Markets Index (Price index in USD) and the New York Stock Exchange listed iShares MSCI Emerging Markets ETF (EEM).

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GLOBAL EQUITY MARKETS – July 8, 2017

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It has been more than six months that the U.S. small caps are trading in a tight range. One of the well-defined chart patterns the weekly global equity markets report frequently discussed was the ISHARES CORE S&P Small-Cap ETF. IJR has a well-defined trading range between 66.9 and 70.8 levels. The ETFs price is holding above the 18 month-long upward trend line. A directional move should follow soon. The margin between the multi-month trend line and the upper boundary of the 6 month-long rectangle has narrowed. A daily close above 71.80 will confirm the breakout from the 5 month-long rectangle and suggest higher prices. A breach below the 18 month-long trend line can put pressure on the small caps and push prices towards the lower boundary of the rectangle at 66.9 levels.

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GLOBAL EQUITY MARKETS – July 1, 2017

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Europe's equity benchmarks tested critical long-term resistances. After reversing from the multi-year trend line, Euro Stoxx 50 index pulled back to the lower boundary of its year-long trend channel. If the 2 month-long correction has run its course (still no sign of reversal), Europe's equity benchmark can possibly rebound from the lower boundary of its trend channel. During May 2017 the index tested 3,670 levels and since then retreated towards the lower boundary of its year-long trend channel. Failure to hold at the lower boundary of the trend channel can extend the duration of the corrective period.

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GLOBAL EQUITY MARKETS – June 3, 2017

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This week's Global Equity Markets report covers several ETFs and global equity indices and single stocks from Developed and Emerging countries. You will find that some of the themes are longer-term and can offer great opportunity once these chart patterns are resolved on the upside. The info-graphic below explains what each label on the charts and section headers stand for. I hope this will make it easier to navigate through the charts.

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