Posts

GLOBAL EQUITY MARKETS – March 30, 2019

/6 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to find direction above its long-term average. We can see choppy price action around the 200-day average. More important is how the index will consolidate around the average. If it forms an orderly, recognizable short-term consolidation (in the form of a flag, pennant, rectangle, symmetrical triangle) I will conclude that the index is preparing for a new leg up. 200-day moving average is forming support at 70.15 levels.

Read More

GLOBAL EQUITY MARKETS – March 9, 2019

/2 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 71.3 levels. Strong rebound that started in the beginning of January is now being interrupted with a correction. This week's price action tested the 200-day moving average.  We are likely to see more choppy price action around the 200-day average, possibly in an attempt to form a reversal chart pattern. It is still early to call for the developing chart pattern a head and shoulders reversal. ACWI ETF is now in a trading range between 66.3 and 71.3 levels.

Read More

GLOBAL EQUITY MARKETS – February 23, 2019

/12 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance the iShares MSCI All Country World Index ETF is testing the resistance level at 71.3 levels. Since the beginning of the year the ETF had a strong run towards the 200-day moving average. Over the past two weeks the ETF cleared its long-term average. If there is a pullback, the 200-day moving average will act as a support around 69.7 levels. Price action above the long-term average should be considered bullish and could signal a change in trend.

Read More

GLOBAL EQUITY MARKETS – February 16, 2019

/12 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF had another strong week pushing the ETF above its 200-day (40-week) moving average. Back to back weekly gains followed the V-bottom reversal from the support level at 63. I think we are likely to see some sort of consolidation around the long-term average. Given the uninterrupted advance from January lows, a short-term pullback can possibly form the right shoulder of a H&S bottom formation. Please note it is still early to call for such development. I want to highlight this possibility as many other benchmarks are forming similar structures. For a good example of a consolidation around the long-term average, you can check the H&S bottom formation in 2016.

Read More

GLOBAL EQUITY MARKETS – February 9, 2019

/3 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 200-day moving average. After a sharp rebound from the support area (63 levels), the long-term 200-day moving average was the first important resistance the ETF faced. During any consolidation around the 200-day average or during a pullback, I will be looking for a bullish continuation chart pattern development. For bullish interpretation and a reversal of the downtrend, I would like to see the ETF stabilizing above its long-term average. A good example is the first half of 2016...

Read More

GLOBAL EQUITY MARKETS – January 19, 2019

/3 Comments/in /by

REVIEW

The iShares MSCI All Country World Index ETF, a measure of Global equity markets performance, had a sharp rebound from the support level at 63. V-bottom reversals are difficult to analyze and trade. If we have seen a V bottom and the ETF keeps climbing higher in the following weeks, I will wait for the price to stabilize around the long-term average. During any pullback I will monitor this ETF for short/medium-term bullish continuation chart pattern developments. Long-term 200-day moving average stands at 69.7 levels.

Read More

GLOBAL EQUITY MARKETS – December 22, 2018

/2 Comments/in /by

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O) broke down the 3 month-long sideways consolidation by breaching the support at 66.3 levels. Breakdown was followed by a sharp drop towards the next support level at 63 levels. Nothing good happens below the 200-day moving average. Back in October the long-term trend following indicator alerted us to the change in trend. Previous support becomes the new resistance. 66.3 levels will act as short-term resistance if markets experience any rebound. In the short-term, there is no chart pattern that would signal a trend reversal.

Read More

GLOBAL EQUITY MARKETS – December 15, 2018

/0 Comments/in /by

Announcement:

Dear Tech Charts members,

We have included a new feature to Tech Charts website. At the bottom of each report we have incorporated comment platform DISQUS. Previous comment platform was not allowing members to post charts and have discussions. With this improvement, I hope to have detailed discussions with our members and possibly post breakout alerts related to each week's report. I also hope that Tech Charts members will be able to interact with each other through the DISQUS platform (at the bottom of each weekly report) to share their knowledge on different instruments available to take advantage of breakout opportunities. I hope we will all benefit from this new feature.

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O), formed a new trading range between 66.3 and 71.3 levels. Over the past 3 months the ETF has been consolidating in a wide range below its long-term (200-day) average. Breakdown of the wide 3 month-long consolidation can send the ETF towards the next support level at 63. If the ETF manages to hold above the support at 66.3 levels, we can expect further consolidation between 66.3 and 71.2.

Read More

GLOBAL EQUITY MARKETS – December 8, 2018

/8 Comments/in /by

Announcement: Dear Tech Charts members, We have included a new feature to Tech Charts website. At the bottom of each report we have incorporated comment platform DISQUS. Previous comment platform was not allowing members to post charts and have discussions. With this improvement, I hope to have detailed discussions with our members and possibly post breakout alerts related to each week's report. I also hope that Tech Charts members will be able to interact with each other through the DISQUS platform (at the bottom of each weekly report) to share their knowledge on different instruments available to take advantage of breakout opportunities. I hope we will all benefit from this new feature.

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O) reversed from its long-term moving average resistance at 71.3 levels. In the beginning of October the index broke down its 7 month-long consolidation and the 200-day moving average. Since then the ETF has challenged the strong resistance area between 71 and 71.5 levels but failed to breach higher. This week's sell-off pulled the ACWI ETF towards the minor support at 66.5 levels. Failure to hold above the short-term support can send the index to the next level at 63 levels. The iShares MSCI All Country World Index ETF is trading below its long-term average and is in a downtrend.

Read More

GLOBAL EQUITY MARKETS – December 1, 2018

/0 Comments/in /by

REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) continues to consolidate below its long-term average at 71.4 levels. 71-71.4 area will act as strong resistance for the Global equity benchmark. Over the past few months the ETF has been consolidating in a wide range between 66.5 and 71 levels. I use the 200-day moving average as a trend filter. Price action below the long-term average warns us of possible weakness (in the form of further choppy price action or continued downward momentum).

Read More