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GLOBAL EQUITY MARKETS – June 2, 2018

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REVIEW

Benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to consolidate in a tight range. Last 4 month's consolidation can be identified as a possible symmetrical triangle. Symmetrical triangle is a neutral chart pattern. Price can breakout in any direction. Strong resistance stands at 73.90 levels. Support, formed by both the lower boundary of the symmetrical triangle and the 200-day (40-week) moving average stands at 71 levels. Last 4 month's consolidation is taking place inside the 2 year-long uptrend channel. Long-term trend is upwards. Read More

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 26, 2018

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Announcement:

Dear Tech Charts members,

It has been a successful year since the launch of Tech Charts membership service. I'd like to take this opportunity to thank you all for your support. I hope to build a long lasting relationship with all of our members and hope to serve you in the coming years. I'm excited and motivated to improve our membership service every year. Going forward, Tech Charts Global Equity Markets report will include Frontier Markets into its research universe.  Tech Charts follows the MSCI classification for market research. Below is a table that shows MSCI classification for each market. Global Equity Markets report is highlighting developing opportunities in Developed and Emerging Markets. We are now adding Frontier Markets equities to our 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.

We have received several requests to include educational videos that explains basic concepts in Technical Analysis. For our members who are new to classical charting principles and technical analysis, we are planning to add new video tutorials. New educational videos on classical chart patterns are being produced as well.

As usual, please feel free to ask questions, send charts for discussions and feedback on any matter regarding your membership service.

I look forward to another great year.

REVIEW

Global equity markets remain in an uptrend. The iShares MSCI All Country World Index ETF is trading above its long-term average. Over the past 2 years the ETF has been moving in an upward trend channel. However, past 4 month's price action is now becoming more clear as a sideways consolidation. The ACWI ETF is possibly forming a 4 month-long symmetrical triangle with the upper boundary acting as resistance at 73.9 and support at 71.2 levels. Until the recent consolidation is resolved in one direction we will expect more choppy price action. A breakdown will confirm the 4 month-long symmetrical triangle as a bearish continuation chart pattern. Such price action will also take out the lower boundary of the trend channel and the 200-day (40 week) moving average and suggest lower prices. A decisive break above 73.90 levels will keep the long-term uptrend intact and push the ACWI ETF towards 77-78 area (previous high).

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GLOBAL EQUITY MARKETS – May 12, 2018

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REVIEW

Global equities experienced renewed strength during the week. Weekly candles on both the iShares MSCI All Country World Index ETF and the iShares MSCI Emerging Markets Index ETF opened at the lowest and closed at the highest point suggesting buyers domination throughout the week. ACWI ETF is breaking out of its 4 month-long tight consolidation. The benchmark for Global equity markets performance has been in a steady uptrend. Recent tight consolidation took place above the long-term average and the lower boundary of its 2 year-long trend channel. The iShares MSCI Emerging Markets Index weighed down by U.S. Dollar strength, still managed to hold on to its 200 day (40 week) average and rebounded from the lower boundary of its 2 year-long uptrend. Both ETFs are in a steady uptrend.

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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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INTERIM UPDATE – April 18, 2018

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There are two important chart developments that I want to discuss in this Interim Update. Read More

GLOBAL EQUITY MARKETS – March 31, 2018

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REVIEW

Global equity markets are still holding above their long-term support levels. A benchmark that I'm following for Global equity market performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded once again from the 200-day (40 week) moving average and the lower boundary of its 2 year-long trend channel. The benchmark for Emerging Markets equities performance, the iShares MSCI Emerging Markets Index ETF (EEM) is trading above its long-term average and still far from the lower boundary of its multi-month long uptrend. A breakdown below the lower boundary of the trend channel and the 200-day average at 70.3 levels for the ACWI can result in further weakness. Until we see a breakdown, we will expect the uptrends to resume.

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