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GLOBAL EQUITY MARKETS – August 10, 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 at the minor low at 70 levels. Mid-week Interim Update discussed the possibility of a rebound. The reversal from 70 levels filled the gap. This week's close was at the 200-day average. The ETF is possibly forming a new trading range between 70 and 74.8 levels. Breakdown below 70 levels can result in further weakness.

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GLOBAL EQUITY MARKETS – August 3, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to break above the strong horizontal resistance once again. Failure to break above the strong resistance resulted in a pullback towards the long-term average at 72 levels. On Friday the ETF tested the 200-day and closed the day off its lows. If we see the price stabilizing above the support at 72, the new trading range can become 72 and 74.8. Failure to hold above the 200-day can result in a larger scale correction. Next support is at 70 levels.

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CUP & HANDLE OPPORTUNITIES

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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 and continues with recent breakouts and watchlist candidates.

In the beginning of July, Tech Charts blog featured two cup & handle breakout opportunities for our readers. This update highlights NOVOCURE LTD. which met its chart pattern price objective and discusses the second similar chart pattern setup that is developing on REATA PHARMACEUTICALS INC.  from the watchlist section. Both equities are listed on the Nasdaq Stock Exchange.

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GLOBAL EQUITY MARKETS – July 27, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to challenge the strong horizontal resistance at 74.8 levels. A breakout can be very positive for Global equities. Failure at the strong resistance can result in a pullback towards the long-term average at 71.9 levels.

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GLOBAL EQUITY MARKETS – July 20, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is testing the horizontal resistance at 74.8 levels. Breakout can be positive for Global equities. This week's price action once again challenged the horizontal resistance at 74.8 levels. I'm monitoring ACWI ETF for a possible breakout to all-time highs. The 200-day moving average at 71.9 levels will act as support during any pullback.

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GLOBAL EQUITY MARKETS – July 13, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is testing the horizontal resistance at 74.8 levels. Breakout can be positive for Global equities. There are several major equity benchmarks that are testing long-term resistance levels. I'm weighing the possibility of a breakout to all-time highs. Usually top reversals do not take place after several tests of horizontal resistance. In this case, several tests of the horizontal boundary can be an indication of a breakout to all-time highs and the continuation of the existing uptrend. The 200-day moving average at 71.6 levels will act as support during any pullback.

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GLOBAL EQUITY MARKETS – July 6, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is now testing the horizontal resistance at 74.8 levels. Breakout can be positive for Global equities. This week's candlestick shows that 74.8 levels remains a resistance. The 200-day moving average at 71.5 levels will act as support during any pullback.

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CUP & HANDLE OPPORTUNITIES

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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 breakout and watchlist sections two bullish cup & handle continuation chart pattern opportunities, listed on the Nasdaq Stock Exchange. You will also find an educational video on cup & handle chart pattern.

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GLOBAL EQUITY MARKETS – June 29, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF continues to remain in a range between the horizontal resistance at 74.8 and the 200-day moving average at 71.4 levels. In the previous report I discussed the possibility of a H&S continuation chart pattern with the neckline standing at 74.8 levels. Price can continue to consolidate between the two important technical levels. A breakout above the horizontal resistance will be very positive for Global equities.

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GLOBAL EQUITY MARKETS – June 8, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) had a sharp reversal above its 200-day average and the horizontal resistance at 71 levels. Previous week's breakdown from the H&S top was possibly a bear trap. Global equities are going through a volatile, trend-less period. Read More