Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets capped their strongest week in five months, driven by robust gains in healthcare and mining stocks. Global investors monitored the U.S. government shutdown, now in its third day. On the data front, Eurozone’s services activity rose to an eight-month high in September, with Germany’s services sector also posting its fastest growth during the same period.
  • The Stoxx 600 closed 0.5% higher and is now extended from all its key moving averages. The index gained almost 3% over the week, hitting an intraday record high earlier in the week. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key resistance levels.
  • Among key movers on the Stoxx 600, shares of Austrian bank Raiffeisen (RAI.AT; RBI:AV) rose more than 7% following reports that the European Union is lifting sanctions on certain assets to compensate the company.
  • Among sectors, Mining (+179bps) and Health Care (+123bps) were the top gainers, while Food and Beverage (-43bps) and Telecommunications (-29bps) lagged the most.
  • Among major indices, France’s CAC 40 closed 0.3% higher, marking its fourth successive session of gains. The index found strong support at its near-term moving averages and is currently extended. Germany’s DAX 30 closed 0.1% lower but remains extended from its near-term moving averages. The U.K.’s FTSE 100 pared its prior session losses and closed 0.6% higher. The index is trading above all its key moving averages.
  • All the 16 indices we track closed in the green, except Germany. Nine are in a Confirmed Uptrend, three in an Uptrend Under Pressure, and four in a Rally Attempt. The average distribution day count stands at 3.37.
  • Actionable names in the European Focus List are Saab B (SAAB.SE; SAABB:SS), Rheinmetall (RHMX.DE; RHM:GR), and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rose ~1% and remain near all-time highs. The first level of
support is at the rising 10-DMA (6,675/22,624), followed by the 21-DMA (6,624/22,379). The distribution day count stands at one and five,
respectively, with one day expiring on the Nasdaq after the close.

Won Europe Today

Posted on by Deepashree MC

We released our Weekly Global Laggards Report today. Click here to access the report. The stocks highlighted in this report are laggards relative to their own domestic markets. We recommend that they be underweighted as they may be vulnerable to further downside risk and underperformance. European stocks include Solvay (SOL.BE; SOLB:BB) and Rightmove (RMV.GB; RMV:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rose 6bps and 39bps, respectively, on lower d/d volume.
The first level of support is at the rising 10-DMA (6,664/22,586), followed by their 21-DMA (6,613/22,337).The distribution day count stands at two and four, respectively. One day will expire on the S&P 500 today after close and one will expire on the Nasdaq on Monday after close.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets ended higher, with the Stoxx 600 closing at a record high as the index registered its biggest single-day gain since July 23. The rally was boosted by healthcare stocks following clarity on a U.S.-Pfizer deal that would reduce prescription drug costs in the Medicaid program in exchange for tariff relief. Additionally, the U.S. government shutdown may cause important data, such as the jobs report, to be delayed, which would increase market volatility and uncertainty globally.
  • Among key movers on the Stoxx 600, shares of Novartis (NOVN.CH; NOVN:SW) rose ~4% after the U.S. FDA cleared its new oral drug for a chronic skin condition. Meanwhile, shares of Tate & Lyle (TATE.GB; TATE:LN) fell 13% following a warning that profit and revenue would decline in FY26.
  • The Stoxx 600 continued the upward momentum and rose 1.1%, hitting an all-time high. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Health Care (+555bps), Oil & Gas (+209bps), and Retail (+139bps) were the top gainers, while Travel & Leisure (-25bps) was the sole decliner.
  • Among major indices, France’s CAC ended the session 0.9% higher. The index is trading above all its key moving averages. Next resistance is at its April high (+2.5%). Germany’s DAX gained 1.1% and reclaimed its 50- and 100-DMA. Next resistance is at its August high (+0.9%). The U.K.’s FTSE advanced 1% and hit an all-time high.
  • All the 16 markets we track closed in the green. Seven markets are in a Confirmed Uptrend, four in an Uptrend Under Pressure, and five in a Rally Attempt.
  • The Stoxx 600 and the U.K. were shifted to a Confirmed Uptrend from an Uptrend Under Pressure after the indices reclaimed their previous rally high. Portugal and Belgium were upgraded to a Confirmed Uptrend from a Rally Attempt after the indices reclaimed their previous rally high. Demark was shifted to a Rally Attempt from a Downtrend.
  • All 23 European Focus List names are trading above their 200-DMA, while 14 names are trading above their 50-DMA.
  • Actionable names in the Focus List include Rheinmetall (RHMX.DE; RHM:GR) and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq advanced 34bps and 42bps, respectively, and closed at a
new all-time high. Support is at their 10-DMA (6,653/22,529), followed by their 21-DMA (6,603/22,286).The distribution day count stands at two and four, respectively.

O’Neil Consumer/Retail Weekly

Posted on by Deepashree MC

Consumer Staples (XLP): The index ended flat last week. It is trading below all key moving averages and consolidating below its
declining10-DMA, which has crossed below all its long-term moving averages. Support is at $75.8 (-3.3%), followed by $75.6 (-3.7%).

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed slightly higher, with gains in Industrials, Health Care, Media, and Retail offset by weakness in Energy. Oil and Gas stocks fell 1.6%, their biggest decline in more than three weeks, as oil prices dropped due to expectations of increased OPEC+ supply. Investors remained cautious about the possible consequences of a government shutdown in the U.S.
  • Among key movers on the Stoxx 600, shares of Lufthansa (LHAX.DE; LHA:GR) fell 7.1%, ending a five-day winning streak, after the company’s pilots’ union backed strike action in a pension dispute. Meanwhile, shares of Puma (PUMX.DE; PUM:GR) rose 4.6% following an upgrade from BNP Paribas Exane. Shares of Hornbach (HBHX.DE; HBH:GR) fell 5% as the company’s Q2 adjusted earnings missed forecasts.
  • The Stoxx 600 booked a gain of 0.5% after bouncing off its 21-DMA.The index traded above all its key moving averages. Next resistance is at its August high (+0.5%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Health Care (+86bps), Telecommunications (+83bps), and Retail (+79bps) were the top gainers, while Oil & Gas (-162bps), Automobile & Parts (-42bps), and Travel & Leisure (-33bps) lagged the most.
  • Among major indices, France’s CAC bounced off its 10-DMA and closed 0.2% higher. It is trading above all its key moving averages. Next resistance is at its August high (+1%). Germany’s DAX bounced off its 21-DMA and advanced 0.5%. The index tested resistance at the confluence of its 50- and 100-DMA. Next resistance is at its August high (+2%). The U.K.’s FTSE gained 0.5% and ended the session at an all-time high.
  • Twelve of the 16 markets we track closed in the green. Two markets are in a Confirmed Uptrend, six in an Uptrend Under Pressure, seven in a Rally Attempt, and one in a Downtrend.
  • Spain was shifted to a Confirmed Uptrend from an Uptrend Under Pressure after the index reclaimed its previous rally high. Belgium was shifted to a Rally Attempt from a Downtrend.
  • Norway recorded its sixth distribution day. The average distribution day count stood at 4.12.
  • Of the 25 European Focus List names, 23 are trading above their 200-DMA, while 14 are trading above their 50-DMA.
  • Actionable names in the Focus List include Argenx (ARGX.BE; ARGX:BB) and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq gained 30–40bps yesterday. Immediate support is at the
10-DMA (6,640/22,479), followed by the 21-DMA (6,592/22,240). The distribution day count stands at two and four, respectively.

Won Europe Today

Posted on by Deepashree MC

We released our European Weekly Summary yesterday. Click here to access the full report. Key points from it include:

  • Last week, the Stoxx 600 moved sideways, trading near resistance at the 50-DMA and finding support at the 200-DMA. The index gained ~6bps. Market trend weakened, with Ireland upgraded to a Rally Attempt, Finland downgraded to an Uptrend Under Pressure, and Denmark downgraded to a Downtrend. Of the 16 indices we track, only the Netherlands is in a Confirmed Uptrend. The average distribution day count increased to ~4.8 from ~4.3.
  • Sector performance was mixed. Energy (+4.8%) led the gains, followed by Utility (+2.2%), while Technology and Basic Material rose ~1.5% each. Health Care (-3.0%) lagged the most, followed by Consumer Staple (-1.7%).
  • On our rotation chart, Consumer Cyclical, Health Care, Retail, and Technology are among the 26-week lagging groups that continue to exhibit rising short-term (four-week) momentum. On the other hand, leaders like Capital Equipment and Financial are witnessing a decline in their short-term momentum.