Posts

GLOBAL EQUITY MARKETS – June 22, 2019

/2 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains above its 200-day average. Strong resistance stands at 74.8 levels and the 200-day moving average as support at 71.3 levels. The weekly scale price chart can form a possible H&S continuation. So far the right shoulder formed symmetry in price but not in time. In other words the time it took for the left shoulder has been longer than the right shoulder. Perfect symmetry is rare. Breakout above 74.8 levels will be positive for Global equities.

Read More

GLOBAL EQUITY MARKETS – June 15, 2019

/2 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) held onto its past week's gains. The ETF didn't move much and remained in a range between the 200-day moving average at 71.2 and the horizontal resistance at 74.8 levels. There is no clear trend or a recognizable chart pattern in the short-term. The ETF offers short-term trading opportunity between the boundaries at 71.2 and 74.8.

Read More

GLOBAL EQUITY MARKETS – June 1, 2019

/7 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) finsihed the week below the important support level at 71 levels. The head and shoulder chart pattern price target stands at 67.75 levels. Both the neckline and the 200-day moving average stands at 71 levels and will act as resistance. Read More

INTERIM UPDATE – May 23, 2019

/0 Comments/in /by

From the three global equity benchmarks we follow, the iShares MSCI All Country World Index ETF (ACWI.O), the iShares MSCI Emerging Markets Index ETF (EEM) and the iShares MSCI Frontier 100 ETF (FM), only ACWI ETF managed to hold above its 200-day average. Read More

GLOBAL EQUITY MARKETS – May 18, 2019

/3 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), pulled back from the strong resistance at 74.8 levels. During the week price tested the long-term 200-day average at 71 levels and rebounded. For now we can conclude that the 200-day average acted as support. In the following weeks I will monitor the price action around the average. Failure to hold above 71 levels can result in a larger scale correction. The daily scale price chart can form a short-term H&S top. Both the neckline of the possible H&S top and the 200-day moving average are overlapping at the same level (71). In the short-term, as long as the price remains above 71 support, ACWI ETF is expected to trade between 71 and 74.8 levels.

Read More

GLOBAL EQUITY MARKETS – May 11, 2019

/4 Comments/in /by

REVIEW

The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a sharp pullback from the strong resistance at 74.8 levels. Pullback found support around the 200-day moving average at 71 levels. What could be next for the Global equity benchmark? One option is a new trading range between 71 and 74.8, similar to what the benchmark experienced in the first half of 2018. A consolidation between the long-term average and the horizontal resistance at 74.8. The other option is the continuation of the correction with a breach below the long-term average. As long as the index manages to hold above the long-term average, I will continue to view the price action as positive. Short-term support is at 71 and the resistance is at 74.8 levels.

Read More

GLOBAL EQUITY MARKETS – May 4, 2019

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets, the iShares MSCI All Country World Index ETF (ACWI.O), continues to remain around the strong resistance at 74.8 levels. The long-term 200-day moving average stands at 71 levels. There is no clear short-term chart pattern that would indicate a continuation of the existing uptrend. Price remains above the long-term average and such technical condition suggests the ETF is in an uptrend. If there is a pullback from the short-term resistance at 74.8 levels, the 200-day moving average is likely to act as support.

Read More

GLOBAL EQUITY MARKETS – April 27, 2019

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), found resistance at the important horizontal resistance at 74.8 levels. Given the magnitude of the strong rebound and the steady rise without any pullback, one can't rule out the possibility of a breather/pause around the resistance at 74.8 levels. If we see a pullback, the 200-day moving average which is currently at 70.8 levels can act as support.

Read More

GLOBAL EQUITY MARKETS – April 20, 2019

/3 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), is now very close to a horizontal resistance at 74.8 levels. Given the magnitude of the strong rebound and the steady rise without any pullback, one can't rule out the possibility of a breather/pause around the resistance at 74.8 levels. If we see a pullback, the 200-day moving average which is currently at 70.6 levels can act as support.

Read More

GLOBAL EQUITY MARKETS – April 6, 2019

/2 Comments/in /by

REVIEW

The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain strong. The ETF had a strong rebound from support at 63 levels and since then the uptrend resumed without any significant setback. In February the ETF cleared its 200-day moving average and continues to trend above its long-term average. In the short-term horizontal resistance at 74.8 levels can act as an overhead supply. Strong support is the 200-day average at 70.3 levels.

Read More