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GLOBAL EQUITY MARKETS – May 4, 2019

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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.

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GLOBAL EQUITY MARKETS – April 27, 2019

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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.

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GLOBAL EQUITY MARKETS – April 20, 2019

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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.

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DISCUSSING INDIA FINANCIAL MARKETS

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I discussed some of the important charts I've been following in India equity, FX and bond markets. India has been outperforming the Emerging Markets. With the index pushing to all-time highs, we can expect similar strength to continue. Below you can find my interview on ET Now and also the charts I discussed during the interview.

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GLOBAL EQUITY MARKETS – April 13, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is now close to a horizontal resistance at 74.8 levels. The ETF had a strong rebound from 63 levels. The V-bottom reversal was followed by the ETF clearing its long-term moving average in February. Since then the ACWI ETF has been trending above its long-term average. I consider price action above the long-term average as positive and classify it as an uptrend. Though it is important to note that, last few month's price action has been steep and such steep advances are not sustainable. During any setback the long-term moving average at 70.45 levels will act as support. Short-term resistance stands at 74.8 levels.

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GLOBAL EQUITY MARKETS – April 6, 2019

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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.

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