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 (or you can visit the RSOTC YouTube channel to view it shortly).
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 Sunday's video. One way for those of us 'yankees' to gain direct & diversified exposure to Canada is through EWC is the iShares MSCI Candadian Index Fund ETF. I also plan to scan for any attractive $TSX listed stocks this week, with any standouts to be [...]
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.
Member @double-r likes to trade the 3x leveraged ETFs of Russia (RUSS/RUSL) and China (YINN/YANG) and asked my opinion on the charts. As I prefer to use the 1x (non-leverage) ETF for analyzing the charts & determining my entries & exits when trading leveraged ETFs (as the decay from the leverage renders an distorted picture of where past interactions with buyers & sellers occurred) here is my daily chart & thoughts on FXI (iShares FTSE/Xinhua China 25 Fund ETF). FXI daily April 5th FXI recently broke above this bullish falling wedge pattern & reversed off major resistance (orange line). [...]
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 financial markets can be found on under the Live Charts section of the site. Click on the first chart to expand, then click anywhere on the right-hand margin of each chart to advance to the next expanded chart. On an admin note, I will [...]
This video covers the major global equity indices on various time frames. As this comprehensive video spans just over 30 minutes, the indices are covered the following order for those wishing to skip ahead to a particular index: $SPX (US), $TSX (Toronto), $FTSE (London), $CAC (Paris), $DAX (Frankfurt), $AORD (Sydney), $SENSEX (Bombay), $SSEC (Shanghai), $HKHS (Hong Kong), $NIKI (Tokyo). http://youtu.be/DSqUvi5lvjU
Although it took over two hours of analysis and annotations to create these charts, with a few clicks of the mouse you should be able to travel around the world to view nearly all of the major global equity indexes from a technical perspective in under a minute. All of the indexes below are shown with the daily time frame chart first followed by the weekly time frame, except for the $HKHS, in which the weekly chart was substituted with the more significant monthly chart. Click on the first image to open, then click on the right-hand side of each chart [...]