Global Laggards

Highlighted Charts

 

U.S.:  Axalta Coating Systems (AXTA), Automatic Data Processing (ADP), Koninklijke Philips (PHG), Wabtec (WAB), World Wrestling Entmnt (WWE), Choice Hotels (CHH), UGI (UGI), WEX (WEX), Encompass (EHC), Ross Stores (ROST), Sanmina (SANM), Dish Network (DISH), CDK Global (CDK).

 

Developed:  GBL New (GBLN.BE; GBLB BB), Bouygues (ENT.FR; EN FP), Aisin Seiki (ZQ@N.JP; 7259 JP), Galaxy Entertainment (PIPE.HK; 27 HK), Frap Jinmo (FRAP.HK; 817 HK), Astellas Pharma (YP@N.JP; 4503 JP), Sunny Optical (SOPT.HK; 2382 HK).

 

Emerging: Hitejinro (JCL.KR; 000080 KS), Ptt (PTTB.TH; PTT TB), Public Bank (PBOM.MY; PBK MK), CP All (CPSE.TH; CPALL TB), Phison Electronics (PHE.TW; 8299 TT).

Global Laggards

Highlighted Charts

 

U.S.: Ball Corp ( BLL ), World Wrestling Entertainment ( WWE ), Coca-Cola European Partners ( CCEP ), UGI Corp Holdings ( UGI ), Empire State Rlt Tr ( ESRT ), Glaukos ( GKOS ), eBay ( EBAY ), Belden ( BDC ), Blackbaud ( BLKB ).

 

Developed: Incitec Pivot ( IPL.AU; IPL AU ), Informa ( INF.GB; INF: LN ), Ajinomoto ( AJ@N.JP ), Link REIT ( LREI.HK; 823 HK ), Peptidream ( PETI.JP; 4587:JP ), Tesco ( TSCO.GB; TSCO LN ), Morrison ( MRW.GB; MRW LN ), Capgemini ( CAP.FR; CAP FP ).

 

Emerging: Bidvest Group ( BVTJ.ZA ), S-Oil ( SSO.KR; 010950 KS ), Woolworths (WHLJ.ZA; WHL SJ ), Intouch Holdings ( SHNW.TH; INTUCH: TB ), Interglobe Aviation ( VGA.IN; INDIGO IN ).

US Focus

The U.S. market is in a Rally Attempt. The S&P 500 and Nasdaq have now held above Monday’s low for four sessions. We are now looking for a follow-through day before shifting the market into a Confirmed Uptrend or, conversely, an undercut of Monday’s lows (S&P 500: 2,801; Nasdaq: 7,627) before shifting the market back into a Downtrend. A follow-through day should feel like an explosive rally, with indices preferably up 1.7% or more, on heavier volume than the day before.

WON Global View

The U.S. market has been downgraded to a Downtrend. The S&P 500 and Nasdaq gapped down below their respective 50-DMA and, unlike Thursday and Friday, closed near the lows of the session. We believe the next level of support is the 200-DMA (S&P 500: 2,776; Nasdaq: 7,531).

US Focus

The U.S. market is in an Uptrend Under Pressure. The S&P 500 and Nasdaq pierced their respective 50-DMAs on Thursday and Friday this week before staging back to back upside reversals. We are encouraged that each move lower has been met with support, however, we would still like to see a strong up day that occurs above the 50-DMA before turning more positive on the
general market.

US Focus

Th e U.S. market is in a Confirmed Uptrend. Th e S&P 500 and Nasdaq found support at
their respective 21-DMAs on Th ursday, before gapping up and closing at the highs of the
session Friday. Distribution remains low at one day on the S&P 500 and three on the Nasdaq.

WON Global View

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq continue to consolidate gains constructively while moving average support rises toward current prices. Distribution remains absent at three days each with one expiring at the close today.