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Won Europe Today

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Friday,

  • European markets closed lower led by weak GDP data from the Eurozone, indicating contraction in economic
    growth, despite strong earnings reports by a few top companies. The steady rise in COVID-19 cases in Asia also
    limited market gains.
  • The Stoxx 600 was down 0.31% on higher volume and breached its 10-DMA. The index added a distribution day,
    taking the count to four. It remains in a Confirmed Uptrend. Mining shares (-1.8%) led the losses even as the
    majority of sectors ended in the red.
  • Major indices like Germany’s DAX and France’s CAC closed in the red, with the latter adding a distribution day. The
    U.K.’s FTSE 100 closed in the green on higher volume. All three indices remain in a Confirmed Uptrend.
  • All the 17 indices we track closed in the red, except the U.K., while Denmark was closed for a holiday. France, the
    Stoxx 600, Ireland, Norway, Austria, Italy, Spain, and Belgium recorded a distribution day each. The average
    distribution day count is at 3.81.
  • Actionable names in the Focus List include (DSY.FR; DSY:FP), Ambu B (AMB.DK; AMBUB:DC), Carl Zeiss Meditec
    (AFXX.DE; AFX:GR), Interpump Group (IP.IT; IP:IM), Schneider Electric (QT@F.FR; SU:FP), Eurofins Scientific
    (EUF.FR; ERF:FP), Nibe Industrier (NIBE.SE; NIBEB:SS), Hermès (RMS.FR; RMS:FP), and Vitrolife (VITR.SE;
    VITR:SS).

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 made another new all-time high Thursday, moving back above its
upper channel line and more than 5% above its 50-DMA before pulling back from extended levels Friday. The Nasdaq briefly touched a
new all-time intraday high Thursday, before also pulling back on Friday. We continue to view short-term support at the rising 21-DMA (S&P
500: 4,130; Nasdaq: 13,860) for both indices. The distribution day count stands at four and three, respectively, with no expiration for two
full weeks.

IndiaMart

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O’Neil Methodology
• The stock declined 7% today after Q4 net income missed consensus. It
has breached its 50-DMA. Nearest meaningful support is at its 100-
DMA, about 6% away.
• Strong fundamental ratings owing to healthy growth profile and returns
in the past. SMR Rating of A, Composite Rating of 98, and EPS Rank of
65.
• Technical ratings have held up well as the stock is making a
consolidation base. RS Rating of 91, A/D Rating of A-, Up/Down Volume
ratio of 1.1x.
• Institutional sponsorship continues to improve and has increased
fourfold over the last one year.

POYA INTERNATIONAL

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O’Neil Methodology
• The stock is forming the right side of a stage-one consolidation base and
is trading 8% below pivot. Accumulate on a strong volume breakout
above pivot at TWD 660.
• Strong fundamental ratings: EPS Rank of 86. SMR Rating of A.
• Technical profile has improved in the last few weeks. Improving A/D
Rating and Up/Down Volume ratio indicate accumulation. RS Rating is
weak but expected to improve when the stock breaks out.
• Number of funds holding the stock increased 13% y/y to 193.

AMAZON

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O’Neil Methodology
• The stock is trading 2% below the pivot of a 35-week stage-one
consolidation base. The stock will be actionable on a strong volume
breakout above $3,552.25 from its current base.
• Very strong fundamental ratings based on 26% sales CAGR and 78% EPS
CAGR in the last three years. EPS Rank 99, top Composite Rating of 83,
and SMR Rating of A.

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 made another new all-time high today, rallying off 10-DMA support to
remain 5% above its 50-DMA and at its upper channel line. The Nasdaq made a new all-time intraday high before reversing to close flat on
the session. Near-term support remains the rising 21-DMA. The distribution day count stands at three each, with no further expiration for
over two weeks.

Won Europe Today

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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
{Huhtamaki (HUIF.FI; HUH1V:FH), Reckitt Benckiser (RKT.GB; RKT:LN), Christian Hansen (CHR.DK; CHR:DC), and
Tele2 (TEL2.SE; TEL2B:SS).

Won Europe Today

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Yesterday,

  • European markets traded relatively flat with near-term support at their rising 10-DMA. Investors remained cautious
    ahead of the U.S. central bank’s policy decision. We recommend that investors focus on ideas reacting positively to
    results and breaking out from consolidation and continue to trim or avoid ideas breaking down below major moving
    averages.
  • The Stoxx 600 was flat on higher volume with an average distribution day count of three. Banks led (+1.5%) all
    sectors due to positive earnings reaction from Deutsche Bank and Lloyds Banking Group. Travel & Leisure,
    Technology, and Health Care sectors ended in negative territory.
  • Among other major indices, France’s CAC reached new highs and is trading along its rising 10-DMA. Germany’s
    DAX and the U.K.’s FTSE ended in positive territory.
  • Sweden and Luxembourg lost more than 100bps while other markets to close in the red were Denmark, Finland,
    Austria, Italy, and the Netherlands. Market status remained unchanged for all markets.
  • Actionable names in the Focus List include: Ambu B (AMB.DK; AMBUB:DC), Carl Zeiss Meditec (AFXX.DE;
    AFX:GR), Interpump Group (IP.IT; IP:IM), Schneider Electric (QT@F.FR; SU:FP), Eurofins Scientific (EUF.FR;
    ERF:FP), Nibe Industrier (NIBE.SE; NIBEB:SS), Gn Store Nord (GSN.DK; GN:DC), Hermès (RMS.FR; RMS:FP),
    Keywords Studios (KWS.GB; KWS:LN), and Vitrolife (VITR.SE; VITR:SS).

Won Global View

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The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq traded in a narrow range on the session, near resistance
at all-time highs but above support at their respective rising 10- and 21-DMA. The distribution day count stands at three on each index
after one day expired on the Nasdaq.

Won Europe Today

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Yesterday,

  • European markets ended slightly lower ahead of the U.S. Federal Reserve’s meeting.
  • The Stoxx 600 avoided a distribution day, being marginally down on higher volume. The index is trading above its
    10-DMA with three distribution days. Among sectors, Travel & Leisure stocks led gains while Basic Resources
    underperformed.
  • Among other major indices, Germany’s DAX and the U.K.’s FTSE recorded a distribution day each, with the count
    increasing to two and six, respectively. France’s CAC is still trading above its key moving averages.
  • Denmark outperformed, gaining more than 100bps, while Ireland, Sweden, Austria, Luxembourg, and Spain were
    the other markets to end in the green. Market status remained unchanged with the average distribution day count of
    3.6.
  • Actionable names in the Focus List include Ambu B (AMB.DK; AMBUB:DC), Carl Zeiss Meditec (AFXX.DE;
    AFX:GR), Interpump Group (IP.IT; IP:IM), Schneider Electric (QT@F.FR; SU:FP), Eurofins Scientific (EUF.FR;
    ERF:FP), Nibe Industrier (NIBE.SE; NIBEB:SS), Gn Store Nord (GSN.DK; GN:DC), Hermès (RMS.FR; RMS:FP),
    Keywords Studios (KWS.GB; KWS:LN), and Vitrolife (VITR.SE; VITR:SS).