Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Remain Overweight and Add Exposure to Japan; Buys in Insurance and more

In today’s briefing:

  • Remain Overweight and Add Exposure to Japan; Buys in Insurance, Services, Tech, Staples, Utilities


Remain Overweight and Add Exposure to Japan; Buys in Insurance, Services, Tech, Staples, Utilities

By Joe Jasper

  • The MSCI ACWI index (ACWI-US) continues to test major support at $90.50-$91.50, though no decisive break yet; as long as this support area holds, we remain constructive on global equities.
  • MSCI EM (EEM-US) continues to test $37 support, while MSCI ACWI ex-US (ACWX-US) and EAFE (EFA-US) are testing supports at $45 and $65-$66, respectively
  • Remain overweight and add exposure to Japan; the TOPIX remains in a 1.5-year RS uptrend (vs. MSCI ACWI), and continues to hold above 5-month support at 2200-2215

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