By request of a couple of members on the other side of the pond, here's my take on the London FTSE 100, Sydney All Ordinaries & the S&P ASX 200 Composite Indices. Following the recent breakout above significant resistance to new highs, the $FTSE is now back-testing that level, now key support, from above. While [...]
Let's take a quick look at some of the major global stock markets from a longer-term perspective (10-year weekly charts). Starting with the S&P 500, with prices recently rolling off the top of the large broadening wedge pattern as well as the recent bearish cross on the weekly PPO, along with many other factors, it [...]
A look at the major non-U.S global stock indices in the following order: $AORD (Australia), $TSX (Canada), $BSENX (India), $NIKI (Japan), $SSEC (China), $FTSE (England), $HKHS (Hong Kong), $DAX (Germany), & $CAC (France). A separate video covering the outlook for the US equity markets is uploading to YouTube now & will be posted later today [...]
As a follow-up to Sunday's Global Equity Markets Overview video, two of the three of the countries that I had highlighted as setting up bullishly have since made clear breakouts of the patterns and/or resistance levels that were highlighted. $TSX (Toronto Stock Exchange) has broken out of the bull flag pattern that was highlighted in [...]
An overview of global equity indices concluding with a brief overview of precious metals & commodities, as it appears the most constructive charts are from countries with a large exposure to commodities.
I am a big believer that charts speak louder than words (especially those spoken by the majority of the pundits in the financial media). With that being said, here's a quick view of most of the major financial equity markets around the world. Live, annotated versions of each of these charts, along with other global [...]
There are a few thoughts that I wanted to add to last night's post in which the case was made that Australian stocks are likely to experience a bear market in the coming months. The most important point that I want to impress is that just because the $AORD looks "poised" for a bear market [...]