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GLOBAL EQUITY MARKETS – July 7, 2018

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A bullish engulfing is a pattern that forms when a small black candlestick is followed by a large white candlestick that completely eclipses or “engulfs” the previous day’s/week’s candlestick. As implied in its name, this trend suggests the bulls have taken control of a security’s price movement from the bears. This type of pattern usually accompanies a declining trend in a security, suggesting a low or end to a security’s decline has occurred.

Where a bullish engulfing candle forms in the context of a trend is one of the most important factors. When a bullish engulfing candle forms at the end of a downtrend or at a support level, the reversal is much more powerful as it represents a capitulation bottom.

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FRONTIER MARKET EQUITIES – KUWAIT

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Tech Charts follows the MSCI classification for market research. Below is a table that shows MSCI classification for each market. Over the past year Global Equity Markets report have been covering developing breakout opportunities in Developed and Emerging Markets. In June 2018 we started adding Frontier Markets equities to our research universe and the weekly report. Please note that coverage of a specific market doesn't mean you will find every equity available in that specific market. Global Equity Markets report features selective number of opportunities only if the price chart has a well-defined and mature classical chart pattern.

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 two breakout opportunities in the Frontier Market Equities listed on the Kuwait Stock Exchange. Both equities were featured in the latest Global Equity Markets report.

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GLOBAL EQUITY MARKETS – June 30, 2018

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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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