Symbol: NXT.AU

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Eagle Materials (EXP), Innospec Inc (IOSP), Clean Harbors (CLH), New York Times (NYT), Marketaxess (MKTX), Ensign Group (ENSG), Abercrombie & Fitch (ANF), Universal Display (OLED), TFI International Inc (TFII), Werner Enterprises Inc (WERN).

Developed: Mitsubishi Electric (UM@N.JP; 6503 JP), Ngk Spark Plug (KS@N.JP; 5334 JP), Enagas (ENAG.ES; ENG SM), Chubu Electric Power (CL@N.JP; 9502 JP), Atrium Ljungberg (ATRJ.SE; ATRLJB SS), NextDC (NXT.AU; NXT AU).

Emerging: Leejam Sports (LEE.SA: LEEJAM AB), Indian Railway Catering and Tourism (IR1.IN; IRCTC IN), United Spirits (MLC.IN; UNITDSPR IN), ITC (IT.IN; ITC IN), International Container Terminal Services (ICT.PH; ICT PM).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Cabot Corp (CBT), Veralto (VLTO), Robert Half (RHI), Harley Davidson (HOG), Melco Resorts (MLCO), H World Group (HTHT), Clorox (CLX), Monster Beverage Corporation (MNST), Ormat Technologies Inc (ORA), Live Oak Bancshares (LOB), Centene (CNC), Abercrombie & Fitch (ANF), Genuine Parts (GPC), Arrow Electronics (ARW), Power Integrations (POWI), Charter Communications (CHTR).

Developed: Bae Systems (BA.GB; BA LN), Great Wall Motor (GWA.HK; 2333 HK), Diageo (DGE.GB; DGE: LN), Chubu Electric Power (CL@N.JP; 9502 JP), Shaftesbury Capital (SHC.GB; SHC LN), NextDC (NXT.AU; NXT AU), Mtr (MTRC.HK; 66 HK), Sitc International Hdg. (SIH.HK, 1308 HK).

Emerging: Larsen & Toubro (LST.IN; LT IN), Bank Central Asia (BCA.ID; BBCA IJ), Pegatron (PEG.TW; 4938 TT).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Teck Resources (TECK), Meritage Homes (MTH), Harley Davidson (HOG), PVH Corp (PVH), Constellation Brands (STZ), RLI Corp (RLI), United Health Services (UHS), Krispy Kreme (DNUT), Arrow Electronics (ARW).

Developed: Ccl Inds. ‘B’ (CCL/B.CA; CCL/B CN), Auto Trader Group (AUTO.GB; AUTO LN), Ambev On (AVS.BR; ABEV3 BZ), Canadian Natural Res. (CNQ.CA; CNQ CT), Shaftesbury Capital (SHC.GB; SHC LN), NextDC (NXT.AU; NXT AU), Aurizon Holdings (AZJ.AU; AZJ AU).

Emerging: Impala Platinum (IMPJ.ZA; IMP SJ), Metalurgica Gerdau (GO4.BR; GOAU4 BZ), Hindalco Industries (HDI.IN; HNDL IN), LG Electronics (JHD.KR; 066570 KS), Brf Brasil Foods On (DG3.BR; BRFS3 BZ), Home First Finance (HFF.IN; HOMEFIRS IN).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Entegris (ENTG), Synaptics (SYNA), Pinterest (PINS), Levi Strauss (LEVI), Topbuild Corp (BLD), Snap (SNAP), Oxford Industries (OXM), Genesis Energy Lp (GEL), Steris (STE), Ulta Beauty (ULTA), Paysafe (PSFE), and Polaris (PII).

Developed: Nextdc (NXT.AU; NXT AU), Savills (SVS.GB; SVS LN), Beiersdorf (BEIX.DE; BEI GR), Totalenergies (FP.FR; TTE FP), Chubu Electric Power (CL@N.JP; 9502 JP), Upm-Kymmene (UPM.FI; UPM FH), and Berkeley Group (BKG.GB; BKG LN).

Emerging: Fomento Economico Mexicano (FMU.MX; KOFUBL MM), Hindustan Unilever (HDL.IN; HUVR IN), WPG Holdings (WPG.TW; 3702 TT), and Alinma Bank (ALN.SA; ALINMA AB).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Allegheny Technologies (ATI), Leidos Holdings (LDOS), Reliance Steel and Aluminium (RS), KB Home (KBH), LGI Homes (LGIH), Mohawk Industries (MHK), Hasbro (HAS), Herbalife Nutrition (HLF), Brookfield Renewable Cl A (BEPC), Globe Life Inc (GL), Brookfield Infra Corp (BIPC), Texas Capital Bancshares (TCBI), Quidel (QDEL), Teleflex (TFX), Casey’s General store (CASY), MKS Instruments (MKSI), Silicon Laboratories (SLAB), Lumentum (LITE), Health Catalyst Inc (HCAT), Twitter (TWTR), Iridium Communications (IRDM), Ansys Inc (ANSS), United Parcel Service Cl B (UPS).

Market View

Posted on by Raj Gupta

The U.S. market has been downgraded to a Downtrend. The S&P 500 added four distribution days over five ses-
sions, resulting in its first break of the 50-DMA since November. Despite a snapback rally on Friday, the index

now faces multiple layers of resistance including its rolling 21-DMA (3,855). Near-term support is now ~3,700,
which may coincide with the rising 100-DMA. The support range below the 100-DMA is 3,500–3,600, the top of
the prior Q4 consolidation, which may coincide with the rising 200-DMA. The Nasdaq also broke its 50-DMA
this week in rising distribution. This index added back-to-back distribution days on Wednesday and Thursday,
resulting in a 10% decline off highs to near-term support at its 100-DMA (~12,600). Should this level break,
the next level is ~12,000, which may coincide with the rising 200-DMA.

Won Global View

Posted on by admin

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq declined, closing at the lows for the second
consecutive session. The S&P 500 is testing its 50-DMA (3,817), while the Nasdaq pierced below this key moving average, with weak
price-support along ~13,000, followed by the rising 100-DMA (12,603). The distribution day count stands at five on each index after the
Nasdaq picked up a distribution day on Wednesday, however, one day on each index expired due to time.