Author: admin

Won Europe Today

Posted on by admin

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

  • Last week, the IShares DJStoxx 600 (EXSA.DE; SXXPIEX:GR) retook its 50-DMA and is currently consolidating in a
    nine-week flat base with support at ~€45. It remains in an Uptrend Under Pressure with five distribution days.
    Should the index break above its €47 resistance level, which corresponds to the pivot line of the current base, its
    status would return to a Confirmed Uptrend.
  • Of the 17 indices we cover, three are in a Confirmed Uptrend, one in a Rally Attempt, and 13 in an Uptrend Under
    Pressure.
  • All sectors closed in the green last week, barring Transportation. Our rotation chart continues to show improving
    short-term momentum among Energy and Financial stocks.
  • We added Coface (COFA.FR; COFA:FP), Aker BP (AKEP.NO; AKRBP:NO), and DNB Bank (DNB.NO; DNB:NO)
    and removed Evolution (EVOG.SE; EVO:SS) from our Focus List.

Won Global View

Posted on by admin

The U.S. market has shifted back to a Confirmed Uptrend. The S&P 500 and Nasdaq have regained and held above their respective
50-DMA (S&P 500: 4,437; Nasdaq: 14,872) after strong price action late last week. Indices are building the right side of bases and are 1–
2% off all-time highs while underlying price action across stocks has improved. The distribution day count remains elevated at six and five,
respectively. However, one day expires on each index after the close on Thursday.

POOL CORP

Posted on by admin

O’Neil Methodology
• The stock gained more than 7% yesterday after posting beat-and-raise
Q3 results and closed just below the pivot of $501. It is trading 6%
above its 50-DMA and 19% above its 200-DMA.

• Very strong fundamental ratings: Composite Rating 96, SMR Rating A,
EPS Rank 96. It has delivered a total shareholder return CAGR of >26%
since its IPO in 1995. 60% of the group’s sales are recurring, making its
business extremely resilient and well-positioned to outperform in the
current environment

Won Europe Today

Posted on by admin

On Friday,

  • European markets had another good day with all markets ending in positive territory barring Norway. Major markets
    retook their 50-DMA last week with expiry of distribution days. We turn positive on the markets after last week’s
    action.
  • The Stoxx 600 ended the week on a strong note, gaining more than 200bps in the week. It retook its 50-DMA on
    above average volume and is trading 2% off highs. The index is in an Uptrend Under Pressure with five distribution
    days. Major sectors ended in the green with Banks, Auto, and Travel & Leisure stocks gaining more than 100bps
    each. Media and Utilities were the only sectors to end in the red.
  • Among other major indices, Germany’s DAX is finding resistance at its 50-DMA and remains in a Rally Attempt
    awaiting a follow-through day. France’s CAC is trading constructively along its 50-DMA and is 3% off highs. The
    U.K.’s FTSE also remains in an Uptrend Under Pressure with seven distribution days.
  • Norway, Portugal, and Austria are in a Confirmed Uptrend while others barring Germany are in an Uptrend Under
    Pressure.
  • Actionable names in the Focus List include Intesa Sanpaolo (ISP.IT; ISP:IM), Rentokil Initial (RTO.GB; RTO:LN),
    Coface (COFA.FR; COFA:FP), and Keywords Studios (KWS.GB; KWS:LN). We added Euronext (ENX.FR;
    ENX:FP) to our actionable list as the stock broke out of a cup-with-handle base.

Won Global View

Posted on by admin

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq regained their respective 50-DMA last week. We
will be looking for each to settle above this level or push further toward highs over the next few sessions before shifting the market status
back to a Confirmed Uptrend. The distribution day count stands at six and five, respectively, with one day expiring on each this week.

Won Europe Today

Posted on by admin

We released our weekly Global Laggards Report yesterday (please 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 names highlighted this week include
Bouygues (ENT.FR; EN:FP), Assa Abloy B (ASSB.SE; ASSAB:SS), Vopak (VPK.NL; VPK:NA), Worldline (WLN.FR;
WLN:FP), Kingfisher (KGF.GB; KGF:LN), and Deutsche Telekom (DTEX.DE; DTE:GR).

Won Global View

Posted on by admin

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq rallied strongly yesterday, with both now trading
near their respective 50-DMA (S&P 500: 4,436; Nasdaq: 14,869). We will be looking for each to settle above this level or continue to push
higher before shifting the market back to a Confirmed Uptrend. The distribution day count now stands at six and five, respectively, with one
day expiring on the S&P 500 and Nasdaq next week.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets were able to cover early losses to end in positive territory mainly driven by the momentum in the
    Technology sector. Out of the 17 indices, only three ended in negative territory. We recommend that investors add
    names coming out of proper bases on good volume.
  • The Stoxx 600 is finding resistance at its 50-DMA and retook its short-term key moving averages. On the sectoral
    front, Technology and Mining stocks led the gains, while Health Care stocks ended in the red.
  • Among other major indices, Germany’s DAX retook its 10-DMA on above average volume while France’s CAC
    retook its 21-DMA. Both the indices are facing resistance at their 50-DMA. The U.K.’s FTSE gained on higher
    volume and is in an Uptrend Under Pressure.
  • Market status remained unchanged for all markets. Actionable names in the Focus List include Intesa Sanpaolo
    (ISP.IT; ISP.IM), Rentokil Initial (RTO.GB; RTO:LN), and Coface (COFA.FR; COFA:FP). We added Keywords
    Solution (KWS.GB; KWS:LN) to our actionable list as the stock broke out of a cup-with-handle base.

Won Global View

Posted on by admin

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq posted small gains while consolidating below 50-
DMA resistance (S&P 500: 4,435; Nasdaq: 14,867). The distribution day count stands at six days each, with one day expiring on the
Nasdaq after the close.