Author: admin

Won Europe Today

Posted on by admin

Yesterday,

  • European markets continued to trade sideways with most of the major indices recording distribution days. We recommend
    investors to book profits in extended names and add risks in names coming out of proper bases.
  • The Stoxx 600 was down more than 0.2% on high volume, recording its fifth distribution day. Most of the sectors closed in
    the red. It is testing its 21‐DMA and continues to remain in an Uptrend Under Pressure.
  • Among other major indices, France’s CAC and Germany’s DAX also recorded their seventh and fifth distribution day,
    respectively. CAC continues to find resistance along January highs, while DAX found support at its rising 10‐DMA.
  • Finland, Switzerland, Austria, and the Netherlands closed in positive territory. Overall, among the 17 indices, six recorded
    distribution days.
  • Some of the actionable names in the Focus List include B&M European (BME.GB; BME:LN), Comet holdings (COTN.CH;
    COTN:SW), Sika (SIKA.CH; SIKA:SW), and Softwareone Holding (SWON.CH; SWON:SW).

Won Global View

Posted on by admin

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq recovered off session lows and finished only slightly lower after
trading in a wide range during the early part of the session. Support remains at the 10- and 21-DMA (S&P 500: 3,828; Nasdaq: 13,487).
The distribution day count remained at five and two, respectively, as the distribution day added on the Nasdaq yesterday was offset by a
day that expired due to time.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets continue to trade sideways as most of the major indices are finding resistance at their January highs.
    However, the distribution day count is steadily rising. We recommend investors to book profits in extended names and add
    risk in names coming out of proper bases.
  • The Stoxx 600 closed flat, finding continued resistance at 413 price levels. The index continues to trade above its 10‐DMA. It
    remains in an Uptrend Under Pressure with four distribution days. Among sectors, autos and travel & leisure stocks lost
    more than half a percent.
  • Among other major indices, France’s CAC and Germany’s DAX continue to trade along their respective 10‐DMA, while the
    U.K.’s FTSE continues to find supply along its 50‐DMA. All the three indices are in an Uptrend Under Pressure.
  • Among the 17 indices that we track, France, the U.K., Switzerland, Belgium, the Netherlands, and Luxembourg closed in
    positive territory. Six indices recorded distribution days, taking the average count to 5.32.
  • Actionable names in the Focus List include B&M European (BME.GB; BME:LN), Comet holdings (COTN.CH; COTN:SW), Sika
    (SIKA.CH; SIKA:SW), and Softwareone Holding (SWON.CH; SWON:SW).

Won Global View

Posted on by admin

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq traded relatively flat yesterday, consolidating sharp gains over
the last several sessions above near-term support at their respective 10- and 21-DMA (S&P 500: 3,822; Nasdaq: 13,469). The distribution
day count remained at five and two, respectively, with one day expiring on the Nasdaq at the close today.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets continued to trade sideways with most major indices finding resistance around their January highs and
    showing signs of consolidation. We remain bullish and are open to adding risk on names coming out of proper bases.
  • The Stoxx 600 continued to face resistance at 413 price levels, recording a downside reversal on relatively high volume.
    However, the index continued to trade above its 21‐DMA with four distribution days.
  • Among other major indices, France’s CAC recorded a downside reversal, while Germany’s DAX continued to face resistance
    at its January highs. The U.K.’s FTSE is facing resistance at its 50‐DMA.
  • Denmark, Ireland, and Belgium were the only countries to close in negative territory. The average distribution day count
    across indices stands at 5.3.
  • The new Focus List addition Comet Holdings (COTN.CH; COTN:SW) is actionable as the stock broke out of a tight area on
    good volume. Other actionable names in the Focus List include B&M European Value Retail (BME.GB; BME:LN), Yougov
    (YOU.GB; YOU:LN), Sika (SIKA.CH; SIKA:SW), and Softwareone Holding (SWON.CH; SWON:SW).

Won Global View

Posted on by admin

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq tacked on moderate gains after last week’s strong rebound.
Support is at the rising 10-DMA, followed by the 21-DMA (S&P 3,819; Nasdaq: 13,401). The distribution day counts stand at five and two,
respectively, with one day expiring on the Nasdaq after the close tomorrow.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets continued their climb toward January highs, with most of the major indices trading above their respective
    10‐DMA. We remain bullish and are open to adding risks on names coming out of proper bases.
  • The Stoxx 600 closed flat on above average volume. The index is likely to face resistance here and the price action is also
    indicating that it might consolidate in the coming days. A decisive break above 413 price levels will be a strong bullish signal.
  • Among sectors, banks climbed more than 1%, while travel & leisure stocks surged 1.9%. However, telecom stocks lost 0.8%.
  • Among other major indices, France’s CAC and Germany’s DAX are approaching their January highs, though on low volumes.
    The U.K.’s FTSE is facing supply at its declining 10‐DMA.
  • Out of the 17 indices that we track, France, the Stoxx600, Denmark, Ireland, Austria, Italy, Portugal, Spain, Belgium, and
    Luxembourg closed in positive territory. Italy was upgraded to a Confirmed Uptrend after it reached a new rally high.
  • Actionable names in the Focus List include B&M European (BME.GB; BME:LN), Yougov (YOU.GB; YOU:LN), Sika (SIKA.CH;
    SIKA:SW), Softwareone Holding (SWON.CH; SWON:SW).

Won Global View

Posted on by admin

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq rebounded strongly from moving average support last week,
pushing all the way back to new all-time highs. Near-term support is again the rising 10- and 21-DMA (S&P 3,803; Nasdaq: 13,357). Both
indices avoided distribution last week, keeping the count at six and three, respectively, with one day expiring on the S&P 500 and two 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 Symrise (SY1X.DE; SY1:GR), Iliad
(ILD.FR; ILD:FP), Kojamo (KOJO.FI; KOJAMO:FH), Berkeley Group Hdg. (BKG.GB; BKG:LN), Christian Hansen Holdings (CHR.DK;
CHR:DC), Grifols (PROB.ES; GRF:SM), and Inwit (INW.IT; IMW:IM).

Won Global View

Posted on by admin

The U.S. market has shifted back to a Confirmed Uptrend. The S&P 500 and Nasdaq closed at new all-time highs. Near-term support
is again the rising 21-DMA (S&P 500: 3,795; Nasdaq: 13,308). The distribution day count has held steady all week, remaining at six and
three, respectively, with one day expiring on the S&P 500 and two on the Nasdaq next week.