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GLOBAL EQUITY MARKETS – September 15, 2018

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REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) rebounded from its long-term 200-day average and made another attempt to breakout above the upper boundary of its 6 month-long symmetrical triangle. Friday's close was around the upper boundary of the multi-month long sideways consolidation. In the last week of August the ACWI ETF breached the upper boundary but failed to trend higher. Renewed strength can help the iShares MSCI All Country World Index ETF breakout from the 6 month-long symmetrical triangle.

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GLOBAL EQUITY MARKETS – June 30, 2018

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REVIEW

If anybody tells you, "I know what the markets will do in the following weeks" he or she might be guessing. I will try to be as objective as possible with some of the major equity benchmarks and convey the message of my chart analysis. After the Jan-Feb 2018 sell-off on the ACWI ETF, price remained range-bound. The consolidation formed a possible 4 month-long symmetrical triangle (can act a bearish continuation). Both the lower boundary of the consolidation and the 200-day (40 week) moving average formed support around the same level. After each test over the past 4 months, the ETF rebounded from the 200-day moving average.

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GLOBAL EQUITY MARKETS – June 23, 2018

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REVIEW

Once again the iShares MSCI All Country World Index ETF (ACWI.O) reverted back to its 200-day (40-week) moving average. The long-term average at 71.40 levels is also the lower boundary of the 4 month-long symmetrical triangle chart pattern. Breakout from the last 4 month's consolidation will be important for Global equity markets performance. A breakdown below the lower boundary of the 4 month-long symmetrical triangle will push the ACWI ETF below its long-term average, possibly reversing the last 2 year's uptrend. Following charts review the Emerging and Frontier Market ETFs that are already trading below their long-term averages. The boundaries of consolidation for the iShares MSCI All Country World Index ETF remains between 74.3 and 71.4 levels.

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GLOBAL EQUITY MARKETS – June 9, 2018

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REVIEW

Benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is challenging the upper boundary of its 4 month-long symmetrical triangle at 73.90 levels. Tight consolidation is taking place above the long-term average which is acting as support at 71.2 levels. Both the long-term average and the lower boundary of the 2 year-long uptrend are forming support around the same levels. ACWI ETF is in a steady uptrend. Decisive breakout above 73.90 can resume the multi-year long uptrend. Failure to move higher can result in another test of the long-term average at 71.2 levels.

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GLOBAL EQUITY MARKETS – May 5, 2018

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Dear Tech Chart followers,

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watch list 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 report starts with a review section that highlights the important chart developments on global equity benchmarks. Following the breakout alerts and the lengthy watch list, a section on correlation helps members to see the degree of relationship between the stocks and indices in the weekly report.

Below I'm sharing with you a sample report that was published on May 5, 2018. I hope this sample report will give you an idea of what to expect from the weekly Global Equity Markets report that Tech Charts Members receive.

 

REVIEW

Global equity markets is getting closer to a strong directional movement. Tight consolidations on both the iShares MSCI All Country World Index ETF and the iShares MSCI Emerging Markets Index ETF suggest breakouts can result in a trend period. Consolidations are followed by trends and vice versa. Both ACWI and EEM are trading above their long-term moving averages and inside the boundaries of multi-month long uptrend channels. Breakdown below the long-term averages and the lower boundary of trend channels can result in a larger scale correction. At this point, with the current available information, we can conclude that the long-term uptrend is still intact. We are very close to the completion of last quarter's tight consolidation.

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GLOBAL EQUITY MARKETS – May 19, 2018

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REVIEW

We are seeing a decoupling in terms of performance in the Global Equity Markets. Developed markets continue to remain strong whereas Emerging markets start to weaken. The charts below show both the iShares MSCI All Country World Index ETF and the iShares MSCI Emerging Markets Index ETF in a steady uptrend. However, over the past few weeks, the iShares MSCI All Country World Index ETF managed to rebound from its long-term average but the iShares MSCI Emerging Markets Index ETF struggled around the strong support area. Failure to recover from strong support area can result in a breakdown and larger scale correction for the Emerging Markets. The iShares MSCI Emerging Markets Index ETF is testing the 200-day (40 week) moving average.

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GLOBAL EQUITY MARKETS – May 5, 2018

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Note on Dubai Traders Seminar:

Several Tech Charts members asked if the Dubai Traders Seminar presentation will be recorded and made available on Tech Charts website. Unfortunately the seminar was not recorded by the organizer. However, I will make this presentation available to our members via short educational videos in the following days/weeks. Each part of the presentation will address specific chart pattern examples presented in separate videos and will be archived under Educational Videos.

REVIEW

Global equity markets is getting closer to a strong directional movement. Tight consolidations on both the iShares MSCI All Country World Index ETF and the iShares MSCI Emerging Markets Index ETF suggest breakouts can result in a trend period. Consolidations are followed by trends and vice versa. Both ACWI and EEM are trading above their long-term moving averages and inside the boundaries of multi-month long uptrend channels. Breakdown below the long-term averages and the lower boundary of trend channels can result in a larger scale correction. At this point, with the current available information, we can conclude that the long-term uptrend is still intact. We are very close to the completion of last quarter's tight consolidation.

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