Charts & Markets – 11 Jun, 2018

 

Ibovespa Brasil Sao Paulo Stock Exchange Index

It has been a rough few weeks for Brazilian capital markets. In the short-term, the sell-off should be getting close to being done. We would not be surprised to see a rally soon.

IBOV Index (Ibovespa Brasil Sao 2018-06-11 10-51-06

Straits Times Index

Singapore’s equity market is attempting to break out of its 9 year trading range.
STI Index (Straits Times Index S 2018-06-11 10-38-28
Singapore Airlines

Like the broader market, Singapore Airlines has been sideways for many years and is now near the high-end of its trading range.

SIA SP Equity (Singapore Airline 2018-06-11 10-37-00

Tadawul All Share Index

Saudi Arabia’s stock market is at three-year highs with investors fully expecting MSCI to upgrade the Saudi market to emerging market status on 20 June.

SASEIDX Index (Tadawul All Share 2018-06-11 10-42-06

SABIC

The largest company in the Saudi market by market cap is making a run for 10 year highs.

SABIC AB Equity (Saudi Basic Ind 2018-06-11 10-43-14

Al Rajhi Bank

The largest bank and second largest company in the Saudi market recently recorded 10 year highs.

RJHI AB Equity (Al Rajhi Bank) U 2018-06-11 10-46-34

Uranium 

After a prolonged bear market, is uranium making an inverse head-and-shoulders bottoming pattern?

UXA1 Comdty (Generic 1st 'UXA' F 2018-06-11 10-28-28

Uranium Participation Company

A pure play on uranium, is also carving out a similar pattern.

URPTF US Equity (Uranium Partici 2018-06-11 10-31-35

 

Fast Retailing Co

The largest constituent of Japan’s Nikkei 225 Index is trying to make a run for the 2015 highs.

9983 JT Equity (Fast Retailing C 2018-06-11 10-55-16

SoftBank Group

On the other hand, the second largest constituent of Japan’s Nikkei 225 Index looks in bad shape.

9984 JT Equity (SoftBank Group C 2018-06-11 10-54-59

Chipotle Mexican Grill

Is the worst over for Chipotle? It looks it wants to go higher.
CMG US Equity (Chipotle Mexican 2018-06-11 12-29-10

Starbucks

The stock has gone nowhere since mid-2015. Is the next leg lower and through the three-year trading range? We would not bet against it happening.

SBUX US Equity (Starbucks Corp) 2018-06-11 11-23-51

Darden Restaurants

A much more difficult call to make but we think this might be heading much lower eventually as well.

DRI US Equity (Darden Restaurant 2018-06-11 12-30-54

TripAdvisor

Another stock coming back from the dead. Looks like it could go much higher.
TRIP US Equity (TripAdvisor Inc) 2018-06-11 14-46-11

Mattel Inc

A little less obvious but toy maker Mattel may not be the worst contrarian long out there. 
MAT US Equity (Mattel Inc) UXA 2018-06-11 12-36-41
This post should not be considered as investment advice or a recommendation to purchase any particular security, strategy or investment product. References to specific securities and issuers are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.