Key points from this week’s report:
Please refer to the attached PDF for the full report.
- The Stoxx 600 rose ~0.2% last week and continues to trade above all key moving averages, sitting just 1% below 52-week highs. The index remains in an Uptrend Under Pressure with four distribution days, after three expired last week and one was added on Friday. Near-term support is at the 21-DMA (-0.5%), followed by the 50-DMA (-0.9%).
