Author: Derek Higa

Derek Higa is a senior equity analyst and a lead for the APAC region and the Consumer Cyclical sector. He serves on the Global Focus List Committee, which approves all equity recommendations for developed, emerging, and frontier markets, and compiles Asia Watch, a weekly recap of regional investing news. Since joining William O’Neil + Company in 2005, he has lent his market expertise to alpha capture, product development, and historical studies on outperforming stocks. Derek graduated summa cum laude from California State University Los Angeles with a B.S. in Finance and Information Systems. He holds a Series 65 securities license.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) is trading in a tight range close to its 52-week high. Most major markets are near 52-week highs, with support along rising short-term moving averages. Focus on stocks that are trading above logical support and close to pivot with rising relative strength. Avoid chasing extended ideas.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continued to make new 52-week highs. Japan, China, Hong Kong, South Korea and Taiwan are at or near 52-week highs with support along their rising 21-DMAs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:
Please refer to the attached PDF for the full report.

• The MSCI Asia Ex Japan index (AAXJ) broke above August highs to a new 52-week high. Most major markets remain constructive and are close to their 52-week high. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

  • The MSCI Asia Ex Japan index (AAXJ) pulled back slightly and is testing support along its 21-DMA. Most major markets remain constructive. China, Hong Kong, South Korea, Japan and Taiwan are trading near their 52-week high. Look for these markets find support along their 21-DMA. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.
  • Eight markets, including Japan, China, Hong Kong, Taiwan and South Korea, are in a Confirmed Uptrend. India, Australia and Thailand are in an Uptrend Under Pressure. New Zealand is in a Rally Attempt. The Philippines is in a Downtrend.
  • Hong Kong and China are among leading global markets year-to-date. They are near their 52-week high since April lows, having mostly kept up with leading markets. Stocks in Hong Kong have pulled back in the recent two-weeks, but overall breath remains positive.
  • Basic Material is leading other sectors, led by mining-related Industry Groups. Health Care, has underperformed a few sectors in the short-term (four weeks), after previously leading. It continues to lead other sectors over longer periods. Technology is showing a gradual Improvement in RS Rating.
  • Refer to pages 12 and 13 for a list of leaders in Hong Kong. These stocks have both RS and 3-month RS ratings above 80. Stocks that are closer to entry are highlighted.

Highlighted Focus List Idea: Xiaomi (XIAI.HK; 1810 HK). Refer to page 7 for an annotated chart.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continues to trade near its 52-week high and remains constructive. Most major markets remain constructive. Japan, China, Hong Kong, South Korea and Taiwan are trading at or near 52-week highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continues to trade near its 52-week high. Look for major markets to hold above their 21- or 50-DMAs, should they pullback further from recent highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.
  • Ten markets, including Japan, China, Hong Kong and South Korea, are in a Confirmed Uptrend. Two markets, including India, are in an Uptrend Under Pressure. New Zealand is in a Rally Attempt.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) retook its 21-DMA and is close to its 52-week high. Most major APAC markets remain constructive, and near year-to-date highs above their 21-DMA support. Focus on stocks that are close to pivot with rising relative strength.
  • Nine markets, including Japan, China, Hong Kong and South Korea, are in a Confirmed Uptrend. Three markets, including India, are in an Uptrend Under Pressure. New Zealand is in a Rally Attempt. China was upgraded to a Confirmed Uptrend.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) pulled back from a 52-week high and is testing its 21-DMA. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) pulled back slightly from its 52-week high and remains constructive. Most major markets continue to trend constructively and are near 52-week highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Posted on by Derek Higa

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continued to trend higher and closed at new 52-week highs. Most major APAC markets are trading close to 52-week or year-to-date highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.