Macro Monday 26 Global Index’s Breaking Out As its Christmas Eve I wanted to do an early release for tomorrow and share something positive and Christmassy but at the same time share something of value, so here is a look at some of the major global ETF index’s and how promising they appear towards the end of 2023. A clear sector stands out. Vanguard Total...
Since early November, when China initially hinted at lifting statewide Covid restrictions, a basket tracking assets linked to the Chinese reopening story has surged by 22%. In the last 11 weeks, the China reopening basket, which is equally weighted with copper , Korean won , Australian dollar , and the Hang Seng index , has outperformed a global stock market...
Two ETFs are compared: SPDR MSCI ACWI UCITS ETF EUR Hedged Acc iShares MSCI ACWI UCITS ETF Acc The first ETF followed the MSCI ACWI Index, while the second ETF traded in EURO (for investors in Europe) but denominated in Dollar didn't. The EURO lost against the Dollar almost the same amount as much as the former unhedged ETF won against the hedged ETF....
The All country World index has bounced once again off the 200 week ma and declining channel support. We have seen an approximate bounce of 8% from the recent lows. However looking deeper at the chart, we are still trading inside the declining channel and I would like to see a close above the $92 pivot level before getting too excited - that would then start to...
ACWI just confirmed a med term uptrend when it bounced off 97 support zone (with a long weekly hammer) ,also bounced off the top of the megaphone pattern from 2018 to pandemic low. Worst case scenario if 97 do not hold. It may go down to 90 to retest the top of a very big upchannel. Not trading advice
Relative Momentum of International Equities SPY - US Equities ACWI - Global Equities ACWX - Global Equities excluding US EEM - Emerging Market Equities EFA - Developed Market Equities
iShares All World Index ( ACWI ) vs Nasdaq 100 ( QQQ ) vs S&P500 ( SPY ) vs Emerging Markets (EEM) vs South Africa ( EZA ) highlights how very poorly South Africa has compared to the world, emerging markets and the USA.
NASDAQ:ACWI The price has bounced many times on the level 75.00 forming a clear resistance, and finding in the last period also support on the level 70.00. In this case, being the leading ETF on the world's leading indices, uncertainty can be perceived in the markets at the moment. However, it is not a guideline for our operations, but rather a potentially...
The All Country World Index ETF is facing stiff resistance once more at the 75$ level (5th test since Feb 2018). We have had a tremendous rally since the lows seen in December last year, but unless this level can break i would really be cautious chasing world markets. It is clear some US indices have broken to new highs, but the fact that we are still battling to...
The iShares MSCI China ETF has not only broken out of its downtrend in absolute terms, it is also showing relative strength vs. the All Country World Index.
ATHs on the way? Looking for rectangle break and confirmation on close.
The MSCI All Country World Index completed a wedge formation in September, and this week's sell off comes in after a pullback towards the wedge support. It seems likely that the market will fall back to the October lows, in which case a break lower would become increasingly probable at the start of 2015.