Author: Anuj Kumar Chouhan

WON Europe Today

Posted on by Anuj Kumar Chouhan

On Friday, most European markets closed in the green on the back of positive news on Brexit (after the U.K. lawmakers voted on Thursday to delay the process) and optimism over trade talks between the U.S. and China. Germany’s DAX was up by 0.85%. France’s CAC 40 and the the U.K.’s FTSE 100 were up by 1.04% and 0.60%, respectively, on higher volumes.

  • The Stoxx 600 closed at its 5-month high, gaining 0.68%, on higher volume, on Friday,
  • All the major sectors performed well on Friday. Oil and Mining stock were the biggest gainers on the back of increased crude oil and metal prices.
  • The countries that were in negative territory were Norway, Austria, and Portugal.

WON Global View

Posted on by Anuj Kumar Chouhan

The U.S. market has been moved back to a Confirmed Uptrend. The S&P 500 and Nasdaq cleared above a longer-term range of resistance on Friday. The next level of resistance is ~2,864 on the S&P 500 and ~7,873 on the Nasdaq, where both indices originally broke below their respective 50-DMA last October. Distribution stands at five days on the S&P 500 and four on the Nasdaq, with one additional day expiring on the S&P 500 at the close Thursday.

WON Global View

Posted on by Anuj Kumar Chouhan

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq traded relatively flat yesterday, still sitting within a longer-term range of resistance. We will be looking for the S&P 500 to close above 2,815 (November 2018 high) and for the Nasdaq to clear above 7,670 (October 2018 high) before moving back to a Confirmed Uptrend. Distribution declined to five days on the S&P 500 and four on the Nasdaq, with one additional day expiring on the S&P 500 at the close next Thursday.

WON Global View

Posted on by Anuj Kumar Chouhan

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq gapped up for a third straight session and are now trading within a range of resistance dating back to October 2018. The S&P 500 briefly cleared above the 2,800 to 2,815 (November 2018 high) level before closing mid-range on the session, while the Nasdaq cleared above 7,670 (October 2018 high) before also closing mid-range on the session.

WON Global View

Posted on by Anuj Kumar Chouhan

The U.S. market is in an Uptrend Under Pressure. The S&P 500 and Nasdaq are consolidating below the March 4 intraday high (S&P 500: 2,816; Nasdaq: 7,643) with six and five distribution days, respectively. One distribution day expires on each index at the close Thursday.

WON Europe Today

Posted on by Anuj Kumar Chouhan

It was another bad day for equities in Europe. The pan-European Stoxx 600 closed 0.54% lower, with all bourses in the region recording losses. Among major bourses, Germany’s DAX lost the most, closing 1.05% lower. France’s CAC 40 and the U.K.’s FTSE 100 were down 0.48% and 0.32%, respectively.

WON Global View

Posted on by Anuj Kumar Chouhan

The U.S. market is in an Uptrend Under Pressure. The S&P500 and Nasdaq broke below support at their respective 200-DMA after picking up three distribution days last week. The clustering of selling pressure has increased the distribution day count to six and five on the S&P 500 and Nasdaq, respectively, with the rising 50-DMA as the next level of support. Although indices are pulling back, the market was due for a pause after a strong rally off December lows.

WON Global View

Posted on by Anuj Kumar Chouhan

The U.S. market is in a Confirmed Uptrend.The S&P 500 and Nasdaq pulled back for a third straight session yesterday and now look poised to test their respective 200-DMA (S&P 500: 2,750; Nasdaq: 7,479). Both indices picked up their third distribution day in the last five sessions.

WON Global View

Posted on by Anuj Kumar Chouhan

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq traded relatively flat yesterday, continuing to hold support along their respective 200-DMA. Distribution remains at four days on the S&P 500 and three on the Nasdaq, with one day expiring on each next week.