Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European stocks declined as escalating tensions in the Middle East weighed on sentiment, following Israel’s strikes on Iran’s nuclear and missile sites. The geopolitical uncertainty drove investors toward safe-haven assets like gold and the U.S. dollar. Meanwhile, crude oil prices surged more than 7%, pressuring travel and airline stocks amid concerns over rising jet fuel costs and higher operating expenses.
  • The Stoxx 600 extended its losses for a third consecutive session, closing around 0.9% lower. The index has breached its key near-term moving averages, with next support at its 100-DMA. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Most sectors closed in negative territory, with Automobile (-223bps) and Travel and Leisure (-206bps) lagging the most. Energy (+49bps) was the only sector to post marginal gains.
  • Among major indices, France’s CAC 40 declined for the third consecutive session, ending 1% lower. It failed to reclaim its 100-DMA and breached its 10- and 21-DMA. Near-term supportis at its converging 50- and 200-DMA.Germany’s DAX 30 closed lower for its sixth consecutive session. The index has breached its short-term moving averages, with next support at its 50-DMA.The U.K.’s FTSE 100 closed 0.4% lower and is consolidating near its 10-DMA.
  • All indices recoded a distribution day, except the U.K., Norway, and Switzerland. France and Germany has the highest distribution day count of six.
  • Italy, Spain, Belgium, and the Netherlands were shifted to an Uptrend Under Pressure from a Confirmed Uptrend. Belgium and the Netherlands breached their respective 21-DMA.
  • All the indices we track closed in the red, except Norway. Five are in a Confirmed Uptrend, two in a Rally Attempt, and nine in an Uptrend Under Pressure. The average distribution day count stands at 4.5.
  • All the 22 European Focus List names are trading above their 200-DMA, while 21 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List are Alk-Abello B (ALK.DK; ALKB:DC), Bawag Group (BWGP.AT; BG:AV), and Nemetschek (NEMX.DE; NEM:GR).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. On Friday, the S&P 500 declined 1.1% on higher volume, registering a distribution day,
while the Nasdaq declined 1.3% on lower volume. Indices closed below their 10-DMA (5,985; 19,459). They are trading 3–4% off all-time
highs (6,147; 20,204), with primary support at the rising 21-DMA (5,921; 19,171). The distribution day count stands at five and three,
respectively.

Won Europe Today

Posted on by Deepashree MC

We released our Weekly Global Laggards Report today. Click here to access the full 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 Svenska Cellulosa Aktiebolaget Sca B (SW@G.SE; SCAB:SS), Pearson (PSON.GB; PSON:LN), Adidas (ADSX.DE; ADS:GR), and Essity B (ESSI.SE; ESSITYB:SS).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq gained 38bps and 24bps, respectively. Indices are 2–3% off their
all-time high (6,147; 20,204), with the first level of support at their 10-DMA (5,987; 19,471). The distribution day count stands at four and
three, respectively.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets ended lower as hopes for major progress in the U.S.-China trade talks faded. While both sides avoided further tension, the deal mostly outlined tariff levels, with the U.S. imposing up to 55% and China 10%.
  • Although the talks avoided further escalation, investors were disappointed by the lack of concrete agreement. Investors are also focused on higher defense spending and potential rate cuts by the European Central Bank, though officials have signaled that the rate-cut cycle may be nearing its end.
  • Among key movers on the Stoxx 600, shares of Bellway (BWY.GB; BWY:LN) and Vistry (VTY.GB; VTY:LN) gained 2.6% and 6%, respectively, after the U.K. announced a £39B plan to nearly double annual spending on affordable housing over the next decade.
  • The Stoxx 600 ended the session 0.3% lower and tested support at its 10-DMA. Next support is at its 21-DMA (-0.2%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Utility (+39bps), Oil & Gas (+14bps), and Banks (+14bps) were the top gainers, while Retail (-164bps), Basic Resources (-123bps), and Food & Beverage (-106bps) lagged the most.
  • Among major indices, France’s CAC 40 hit resistance at its 100-DMA and breached its 21-DMA. Next support is at its 200-DMA (-1.4%). Germany’s DAX 30 hit resistance at its 10-DMA and breached its 21-DMA. Next support is at its 50-DMA (-4.7%). The U.K.’s FTSE 100 closed the session 0.1% higher. Immediate resistance is at its March high (+0.1%).
  • Germany was shifted to an Uptrend Under Pressure from a Confirmed Uptrend after the index breached its 21-DMA.
  • Fourteen of the 16 markets we track closed in the red. Ten are in a Confirmed Uptrend, four in an Uptrend Under Pressure, and two in a Rally Attempt.
  • The Netherlands recorded its third distribution day. The average distribution day count stood at 3.30.
  • All the 22 European Focus List names are trading above their 50- and 200-DMA.
  • Actionable names in the Focus List include Adyen (ADYE.NL; ADYEN:NA), Alk-Abello B (ALK.DK; ALKB:DC), Bawag Group (BWGP.AT; BG:AV), Medacta Group (MOVE.CH; MOVE:SW), Nemetschek (NEMX.DE; NEM:GR), Premier Foods (PFD.GB; PFD:LN), Sap (Xet) (SAPX.DE; SAP:GR), and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 declined 27bps on higher d/d volume, recording a distribution day, while the
Nasdaq declined 50bps on lower d/d volume and avoided a distribution day. Indices are 2–3% away from their all-time high (6,147,
20,204), with the first level of support at their 10-DMA (5,975; 19,428). The distribution day count increased to four on the S&P 500 and
remains at three on the Nasdaq.

Won Europe Today

Posted on by Deepashree MC

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

  • The Stoxx 600 rose 0.8% last week and is in a Confirmed Uptrend, with key resistance at its all-time high, just 2% above Friday’s close. Most European markets are also in a Confirmed Uptrend, except France’s CAC 40, which is in an Uptrend Under Pressure. Germany’s DAX 40 remains a top performer, while Denmark’s index gained but is still 36% off highs.
  • Most sectors gained last week, led by Health Care, Transportation, Technology, and Energy, which rose 2–2.5%. Utility (-0.2%) and Consumer Cyclical (-1.1%) were the sole decliners.
  • On the rotation chart, Health Care is regaining short-term momentum after a bounce from oversold levels. Stocks like Ypsomed (YPSN.CH; YPSN:SW), Clariane (KORI.FR; CLARI:FP), and Swedish Orphan (SOBI.SE; SOBI:SS) are building the right side of their bases.

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P and Nasdaq saw small gains of 55bps and 63bps, respectively, inching toward alltime highs (6,147; 20,204), now less than 2% away. Indices have the first level of support at their 10-DMA (5,964; 19,386). The distribution
day count now stands at three on each index after one day expired on the S&P 500 yesterday.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed lower as investors remained cautious while waiting for updates from the U.S.-China trade talks in London. Investors are focused on whether any progress in these discussions could ease global trade tensions. Key European economic data and remarks from the ECB officials are also being closely watched this week.
  • Among key movers on the Stoxx 600, shares of Spectris (SXS.GB; SXS:LN) surged 60.1% as the company agreed to a £3.73B takeover offer from Advent. Meanwhile, shares of WPP (WPP.GB; WPP:LN) fell 2.7% after the company’s CEO Mark Read announced plans to retire by the end of 2025.
  • The Stoxx 600 continued to trade above all its key moving averages and closed flat. It has next resistance at its March high (+1.5%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Travel & Leisure (+72bps), Food & Beverage (+52bps), and Technology (+45bps) were the top gainers, while Financial Services (-73bps), Telecommunications (-55bps), and Oil & Gas (-28bps) lagged the most.
  • Among major indices, France’s CAC 40 fell 0.2% and tested support at its 10-DMA. Next support is at the confluence of its 50- and 200-DMA (-2.1%). Germany’s DAX 30 tested support at its 10-DMA and closed the session 0.5% lower. Next support is at its 21-DMA (-0.6%), followed by its 50-DMA (-5.9%). The U.K.’s FTSE 100 ended the session flat. Immediate resistance is at its March high (+0.4%).
  • Denmark, Norway, and Switzerland were closed on account of market holiday. Eight of the 13 open markets closed in the red. Eleven of the 16 markets we track are in a Confirmed Uptrend, two in an Uptrend Under Pressure, and three in a Rally Attempt.
  • All 22 European Focus List names are trading above their 50- and 200-DMA.
  • Actionable names in the Focus List include Adyen (ADYE.NL; ADYEN:NA), Alk-Abello B (ALK.DK; ALKB:DC), Bawag Group (BWGP.AT; BG:AV), Nemetschek (NEMX.DE; NEM:GR), Premier Foods (PFD.GB; PFD:LN), Sap (Xet) (SAPX.DE; SAP:GR), and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P and Nasdaq gained 9bps and 31bps, respectively. Indices are slowly approaching
their all-time highs (6,147, 20,204), less than 3% away, with the first level of support at their 10-DMA (5,947; 19,313). The distribution day
count stands at four and three, respectively, with one day expiring on the S&P 500 today after market close.