Author: admin

Won Europe Today

Posted on by admin

Yesterday,

  • European markets were in the red despite strong economic data from the region showing robust business growth
    led by increasing demand after the easing of lockdowns. We continue to recommend that investors take a cautious
    approach while adding names and booking profits in extended names.
  • The Stoxx 600 was down 0.73% on higher volume and breached its 21-DMA. It has strong support at its 50-
    DMA. On the sectoral front, Utilities lost 1.4% and most of the sectors closed in the red.
  • Major indices like France’s CAC, Germany’s DAX, and the U.K.’s FTSE 100 closed in the red. France’s CAC found
    support at its 21-DMA and Germany’s DAX breached its 21-DMA with support at its 50-DMA. The U.K.’s FTSE 100
    is finding resistance at its 21-DMA and is in an Uptrend Under Pressure.
  • Of the 17 indices we cover, all closed in the red, barring Norway and Luxembourg. We downgraded Spain and
    Sweden to an Uptrend Under Pressure after they breached their 50-DMA. The majority of indices recorded a
    distribution day, taking the average distribution day count to 3.82.
  • Actionable names in the Focus List include Soitec (SOI.FR; SOI:FP), Paragon Banking Group (PAG.GB; PAG:LN),
    Yougov (YOU.GB; YOU:LN), Carl Zeiss Meditec (AFXX.DE; AFX:GR), Eurofins Scientific (EUF.FR; ERF:FP),
    Trigano (TRI.FR; TRI:FP), AirBus (AIRS.FR; AIR:FP), Interroll (INRN.CH; INRN:SW), Asml (ASML.NL; ASML:NA),
    Beneteau (CHBE.FR; BEN:FP), Teleperformance (ROFR.FR; TEP:FP), Dassault Systèmes (DSY.FR; DSY:FP),
    and EQT (EQT.SE; EQT:SS).

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The Nasdaq remains at all-time highs after breaking out on Tuesday, while the S&P
500 is only a few points below its all-time highs. Near-term support is at the rising 10- and -21-DMA (S&P 500:4,219; Nasdaq: 13,940). The
distribution day count fell to three on the S&P 500 due to expiration and remains at four on the Nasdaq.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets closed in the green after a choppy session as investors looked forward to testimony from U.S.
    Federal Reserve Chairman Jerome Powell. We recommend that investors maintain a cautious approach while
    adding names as distribution has recently risen.
  • The Stoxx 600 was up 0.26% on lower volume and is trading above its 21-DMA. On the sectoral front, Basic
    Resources led the gains as most of the sectors closed in the green.
  • Major indices like France’s CAC, Germany’s DAX, and the U.K.’s FTSE 100 closed in the green on lower volume.
    France’s CAC and Germany’s DAX remain in a Confirmed Uptrend with four distribution days each. The U.K.’s
    FTSE 100 is in an Uptrend Under Pressure with five distribution days.
  • Of the 17 indices we cover, all closed in the green, barring Portugal, Switzerland, and Italy. We did not change
    market status for any indices. The average distribution day count stands at 3.59.
  • Actionable names in the Focus List include Soitec (SOI.FR; SOI:FP), Paragon Banking Group (PAG.GB; PAG:LN),
    Yougov (YOU.GB; YOU:LN), Carl Zeiss Meditec (AFXX.DE; AFX:GR), Eurofins Scientific (EUF.FR; ERF:FP),
    Trigano (TRI.FR; TRI:FP), AirBus (AIRS.FR; AIR:FP), Interroll (INRN.CH; INRN:SW), Asml (ASML.NL; ASML:NA),
    Beneteau (CHBE.FR; BEN:FP), Dassault Systèmes (DSY.FR; DSY:FP), and EQT (EQT.SE; EQT:SS).

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The S&P 500 moved back toward all-time highs after a brief shake below the 50-
DMA, while the Nasdaq broke out to new all-time highs after consolidating since mid-February. We will be looking for the 21-DMA to act as
a near-term level of support on any pullback. The distribution day count now stands at four each, with another day set to expire on the S&P
500 after the close today.

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The S&P 500 regained support at its 50-DMA after pulling back and closing below
this key moving average last week. The Nasdaq continues to trade tight between its 10-DMA (14,032) and all-time high at 14,211. The
distribution day count stands at five for each index; however, both indices will lose another day due to expiration after the close today.

Won Europe Today

Posted on by admin

We released our European Weekly Summary yesterday, click here to access the report.

  • The Stoxx 600 snapped its four-week winning streak last week, but remains in a Confirmed Uptrend with key
    support at its 50-DMA.
  • The average distribution day count remains at lower levels, despite inching up higher compared to the previous
    week.
  • Of the 17 indices we cover, 13 indices are in a Confirmed Uptrend and four in an Uptrend Under Pressure. Last
    week, we shifted Sweden to a Confirmed Uptrend and downgraded Luxembourg and the U.K. to an Uptrend Under
    Pressure.
  • We added Soitec (SOI.FR; SOI:FP) to the Focus List.
  • Focus Eurofins Scientific (EUF.FR; ERF:FP): Top rated among European health care names and part of our
    European Focus List, the stock is actionable after breaking out of consolidation

Won Europe Today

Posted on by admin

Friday,

  • European markets slumped following a surprise signal from the U.S. Fed that it would speed up its pace of policy
    tightening. All markets recorded a distribution day, breaching their respective short-term moving averages. We
    recommend that investors maintain a cautious approach as the average distribution day count rose to 3.9.
  • The Stoxx 600 breached its 10- and 21-DMA and recorded a distribution day, taking the count to two. The index lost
    last week after five consecutive weeks of gains. All the sectors ended in negative territory, with Banks, Auto, and Oil
    & Gas stocks leading the losses.
  • Among other major indices, France’s CAC breached its 10-DMA, with next support at its 21-DMA. Germany’s DAX
    breached its 21-DMA, with next support at its 50-DMA. The U.K.’s FTSE 100 was downgraded to an Uptrend Under
    Pressure after it breached its 50-DMA, with a high distribution day count of five.
  • Actionable names in the Focus List include Soitec (SOI.FR; SOI:FP), Paragon Banking Group (PAG.GB; PAG:LN),
    Yougov (YOU.GB; YOU:LN), Carl Zeiss Meditec (AFXX.DE; AFX:GR), Cellnex Telecom (CLNX.ES; CLNX:SM),
    Eurofins Science (EUF.FR; ERF:FP), Trigano (TRI.FR; TRI:FP), AirBus (AIRS.FR; AIR:FP), Interroll (INRN.CH;
    INRN:SW), and EQT (EQT.SE; EQT:SS).

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The S&P 500 pulled back to close slightly below its 50-DMA as market breadth
narrowed, while the Nasdaq traded relatively flat for the week, holding just below its all-time high resistance of 14,211. Price support below
the 50-DMA on the S&P 500 is 4,056, which may coincide with the rising 100-DMA (4,044). The distribution day count stands at six and
five, respectively, with three expiring on the S&P 500 and one on the Nasdaq 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
SBM Offshore (SBMO.NL; SBMO:NA) and Baloise Holding (BALN.CH; BALN:SW).

Won Global View

Posted on by admin

The U.S. market remains in a Confirmed Uptrend. The S&P 500 closed relatively flat after finding support just below its 21-DMA, while
the Nasdaq pushed back toward all-time high resistance of 14,211 after holding near-term support along its 10-DMA. The distribution day
count went unchanged at five and four, respectively, with three expiring on the S&P 500 and one on the Nasdaq next week.