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GLOBAL EQUITY MARKETS – March 23, 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 trying to find direction above its long-term average. In March the index pulled back to the 200-day average and rebounded. Past few day's trading once again pulled the index towards the long-term average that can act as support around 70 levels. 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. Price action in 2016 is a good explanation of what I would like to see around the 200-day average to call for a change in trend. (A sharp drop, followed by a strong rebound that breaches the 200-day average, followed by choppy price action in search of a new trend and eventually forming a recognizable chart pattern)

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GLOBAL EQUITY MARKETS – March 16, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support above its 200-day (40 week) average. Sharp V-reversal from the low of January 2019 didn't encounter a pullback/correction. I analyze the price action that manages to consolidate and find support above its long-term average as positive and review the ACWI ETF with a bullish bias. During any pullback or further sideways consolidation, the 200-day moving average at 69.9 levels will act as support.

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CEZ AS (CEZP.PR)

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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, emerging and frontier 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 from the watchlist section CEZ Group, listed on the Prague Stock Exchange. Blog post is followed by a short educational video on Symmetrical Triangle that acts as a bullish continuation chart pattern.

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GLOBAL EQUITY MARKETS – February 23, 2019

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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.

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GLOBAL EQUITY MARKETS – February 16, 2019

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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.

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GLOBAL EQUITY MARKETS – February 9, 2019

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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...

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