World (ex-US) ticks a new ATHThe global ETF, ACWX, is making not only a new high for the cycle, but a new all-time high. Interestingly, it is trending DOWN vs. the US SPX/SPY.
Key stats
About iShares MSCI ACWI ex U.S. ETF
Expense ratio
0.32%
Home page
Inception date
Mar 26, 2008
ACWX offers a basket of stocks that represents its target market well. The fund tracks an index of international large- and midcap stocks which cover 85% of international market capitalization. It includes developed and emerging markets, but excludes the US. The components of the index are selected and weighed based on their free-float market cap. The absence of small-cap stocks in the fund is negligible, as it still offers comprehensive exposure to the global ex-US space. The index is rebalanced quarterly while cutoff points are recalculated semi-annually.
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Stock breakdown by region
$ACWX relative to $SPY potential (3/5)Conviction: 3/5
Overall still in LT (2009) down channel, so trade is quite risky... you are trading against the trend...
HOWEVER:
bounced off MT (2018) trend support
RSI looks pretty good
SPY ourperformance against world is pretty outrageous in the last 2 years, so some mean-reversion is lik
$ACWX decision point!Unclear what is going to happen... probably not a good idea to trade this right now.
Can trade small position within the channel, although risky to trade against the trend...
Bull case:
potential bull flag setup
good relative value (in terms of performance) to S&P 500
holding peak-price su
Why I'm still bullish on ACWX global ex US etfACWX recently bounced with 2 engulfing candles with volume.
It then reclaims the weekly green ema50.
It seems to be completing a bullish flag.
The violet ema100(also coincides with the median line of pitchfork),
should provide a good support
where institutions will buy.
I would be less bullish for
EM MSCI EX USA ETF - Break out or facing resitanceEM MSCI X USA ETF has been moving in a channel for a very long time with an occassional break out of the channel. Will it break out the ascending Triangle or... Let us see....
Disc : Not a SEBI Registered. I post charts for my own study.
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Displays a symbol's price movements over previous years to identify recurring trends.