Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets ended nearly flat, with a modest weekly advance, as traders awaited a long-delayed U.S.
    inflation print, which strengthened expectations of a Fed rate cut in the coming week.
  • Among key movers on the Stoxx 600, shares of Swiss Re (SREN.CH; SREN:SW) fell 6.5% after the company’s
    2026 targets fell short of expectations.
  • The Stoxx 600 closed the session flat. Next resistance is at its all-time high (+0.9%). Support is at its 21-DMA
    (-1%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their
    key moving averages.
  • Among sectors, Automobiles & Parts (+155bps), Financial Services (+143bps), and Chemicals (+63bps) were the
    major gainers, while Oil & Gas (-106bps), Banks (-70bps), and Utility (-60bps) lagged the most.
  • Among major indices, France’s CAC closed 0.1% lower. Next support is at its 50-DMA (-0.4%). Germany’s DAX
    rose 0.6% and reclaimed its 21-DMA. Next resistance is at its November high (+1.4%). The U.K.’s FTSE ended the
    session 0.5% lower and closed slightly below its 21-DMA. Next support is at its 50-DMA (-0.6%).
  • Nine of the 16 markets we track closed in the red. Five markets are in a Confirmed Uptrend, five in an Uptrend
    Under Pressure, and six in a Rally Attempt.
  • Sweden was shifted to a Confirmed Uptrend from an Uptrend Under Pressure after the index reclaimed its previous
    rally high.
  • Austria and Italy recorded their fourth and sixth distribution day, respectively. The average distribution day count
    stood at 4.3.
  • All 15 European Focus List names are trading above their 50- and 200-DMA.
  • Actionable names in the Focus List include Alk-Abello B (ALK.DK; ALKB:DC), ArcelorMittal (MT.NL; MT:NA), and
    Bawag (BWGP.AT; BG:AV).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. On Friday, the S&P 500 and Nasdaq were up 20–30 bps on higher d/d volume. The indices have
regained all moving averages and are consolidating above their 10-DMA (6,809/23,278) and 21-DMA (6,777/23,153). The market status
can be upgraded to a Confirmed Uptrend should a follow-through day (+1.7% on higher d/d volume) occur or if either index closes at a
new high.

Won Europe View

Posted on by Deepashree MC

Ishares DJ Stoxx600 (EXSA.DE)

We released our Weekly Global Laggards Report today. Click here to access the full 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 stocks include Henkel (HEN3X.DE; HEN3:GR), Saint Gobain (SGO.FR; SGO:FP), Whitbread (WTB.GB; WTB:LN), Choc. Lindt & Spruengli Par (LISP.CH; LISP:SW), and Nordnet (NORD.SE; SAVE:SS).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 and the Nasdaq gained ~11bps and ~22bps, respectively. Immediate support is at
the 21-DMA (6,768/23,111) followed by the 50-DMA (6,739/23,006). The window for a follow-through day (+1.7% on higher d/d volume)
remains open, or the market could be shifted to a Confirmed Uptrend if either index closes at a new high.

Won Europe View

Posted on by Deepashree MC

Ishares DJ Stoxx600 (EXSA.DE)

Yesterday,

  • European markets ended mostly flat, as gains in Technology stocks helped offset sharp losses in Financial. Defense shares also advanced after Russia stated that the U.S.-led Ukraine peace proposal failed to meet its conditions.
  • The Stoxx 600 recorded modest gains and closed 0.1% higher. The index is near its mid-November high (+0.7%). Immediate support is at its 10-DMA, followed by its 21- and 50-DMA. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key resistance levels.
  • Among key movers on the Stoxx 600, shares of Spain’s fashion retail group Inditex (IND.ES; ITX:SM) rose ~9%, hitting its one-year high, after the company beat estimates for the start of its Q4 FY25, driven by strong Black Friday sales. On the flip side, shares of Germany-based apparel manufacturer Hugo Boss (BOSSX.DE; BOSS:GR) fell ~10% after the company trimmed its FY26 sales growth guidance due to undertaking some strategic restructuring measures.
  • Among sectors, Retail (+361bps) and Mining (+270bps) led the gains, while Banks (-85bps) and Chemicals (-71bps) lagged the most.
  • Among major indices, France’s CAC 40 was up 0.1% after witnessing losses in its last two sessions. The index found support at its 50-DMA and retook its 10- and 21-DMA. It is back above all its key moving averages. Germany’s DAX 30 ended the session flat and is testing support at its 10-DMA.The U.K.’s FTSE 100 rose 0.1% and is consolidating near its 10-DMA.Support is at its 21-DMA, followed by its 50-DMA.
  • Switzerland and Austria recorded their third distribution day.
  • Nine of the 16 indices we track closed in the green. Three are in a Confirmed Uptrend, seven in an Uptrend Under Pressure, and six in a Rally Attempt. The average distribution day count stands at 4.3.
  • Actionable names in the European Focus List are Bawag (BWGP.AT; BG:AV), ArcelorMittal (MT.NL; MT:NA), and Odfjell Drilling (ODDR.NO; ODL:NO).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 and Nasdaq gained ~30bps and ~17bps, respectively. Immediate support is at the
converging 21-DMA (6,759/23,071) and 50-DMA (6,735/22,986). The window for a follow-through day (+1.7% on higher d/d volume)
remains open, or the market could be shifted to a Confirmed Uptrend if either index closes at a new high.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets ended flat as investors remained cautious after the recent downturn driven by industrial stocks.
    Banks extended their strong run, rising for a seventh straight session. On the economic front, Eurozone inflation
    edged higher unexpectedly last month, which dampened prospects for additional ECB rate cuts in the near term.
  • The Stoxx 600 ended nearly flat and is trading in line with its mid-November high. It is trading above all its key
    moving averages, with immediate support at its 10-DMA. We recommend a selective approach to adding names
    on a high-volume breakout or decisive retake of their key resistance levels.
  • Among key movers on the Stoxx 600, shares of Germany-based biotech group Bayer (BAYNX.DE; BAYN:GR) rose
    ~12% after the company won support from the U.S. administration on Monday to curb U.S. litigation related to its
    Roundup weedkiller.
  • Among sectors, Banks (+95bps) and Health Care (+37bps) were the top gainers, while Food & Beverage (-115bps)
    and Mining (-102bps) led the underperformance.
  • Among major indices, France’s CAC 40 declined 0.3% and is testing support at its near-term moving averages.
    Immediate support is at its 50-DMA. Germany’s DAX 30 rebounded from its previous session losses and closed
    0.6% higher. The index retook its 10- and 21-DMA. Next resistance is at its converging 50- and 100-DMA (+1%).
    The U.K.’s FTSE 100 closed flat and continues to test support at its near-term moving averages.
  • Ireland recorded its fourth distribution day.
  • Eight of the 16 indices we track closed in the red. Three are in a Confirmed Uptrend, seven in an Uptrend Under
    Pressure, and six in a Rally Attempt. The average distribution day count stands at 4.2.
  • Actionable names in the European Focus List are Bawag (BWGP.AT; BG:AV), ArcelorMittal (MT.NL; MT:NA), and
    Odfjell Drilling (ODDR.NO; ODL:NO).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 and Nasdaq gained ~25bps and ~59bps, respectively. Immediate support is at the
converging 21-DMA (6,750/23,033) and 50-DMA (6,731/22,968). The window for a follow-through day (+1.7% on higher d/d volume)
remains open, or the market could be shifted to a Confirmed Uptrend if either index closes at a new high.

Won Europe Today

Posted on by Deepashree MC

We released our European Weekly Summary yesterday. Click here to access the full report. Key points from it include:
The Stoxx 600 retook its 21- and 50-DMA last week and is trading near its 52-week high. The index remains in an
Uptrend Under Pressure. Many key indices were shifted to a Rally Attempt from a Downtrend.
All sectors ended positive last week. Health Care, Utility, and Consumer Staple continued to show improving nearterm momentum. Capital Equipment, which has been a long-term leader, showed some weakness.

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 and Nasdaq declined ~53bps and ~38bps, respectively. Immediate support is at the
converging 21-DMA (6,743/22,995) and 50-DMA (6,728/22,956). The window for a follow-through day (+1.7% on higher d/d volume)
remains open, or the market could be shifted to a Confirmed Uptrend if either index closes at a new high.