Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets closed lower, weighed down by losses in the Travel and Leisure sector after a fire forced Heathrow Airport to shut down. Airline stocks, including International Consolidated Airlines (IAG.GB; IAG:LN), Lufthansa (LHAX.DE; LHA:GR), and Ryanair (RYA.IE; RYA:ID), fell 1.5–2% as services were disrupted due to a power outage. Meanwhile, both the Fed and the Bank of England kept interest rates unchanged in their latest policy meetings.
  • Among significant movers on the Stoxx 600, shares of German lubricant supplier Fuchs (FPE3X.DE; FPE3:GR) were down almost 7% after the company’s FY25 EBIT guidance fell short of estimates.
  • The Stoxx 600 extended its losses for a second consecutive session and closed 0.6% lower. The index broke below its 21-DMA and is testing support at its 10-DMA. Next support is at its 50-DMA (-1.2%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Most sectors closed in negative territory, with Mining (-275bps) and Travel and Leisure (-175bps) leading the losses. Telecommunications (+66bps) was the top gainer.
  • Among major indices, France’s CAC 40 declined for a second consecutive session and broke below its 10- and 21-DMA. Immediate supportis at its 50-DMA (-0.8%). Germany’s DAX 30 pulled back 0.3% on higher volume and is currently trading in line with its near-term moving averages. The U.K.’s FTSE 100 declined around 0.7%, breaching its 21-DMA and finding support at its 50-DMA.
  • France, Germany, and Norway recorded their seventh distribution day, while Italy and Finland logged in their sixth. Portugal and Ireland also recorded a distribution day each, taking their distribution day count to two and four, respectively.
  • Finland was shifted to an Uptrend Under Pressure from a Confirmed Uptrend as the index breached its 21-DMA.
  • All the 16 indices we track closed in the red, except Spain. Five indices are in a Confirmed Uptrend, seven in an Uptrend Under Pressure, three in a Rally Attempt, and one in a Downtrend. The average distribution day count stood at 4.67.
  • Of the 20 European Focus List names, 18 ideas are trading above their 200-DMA, while 10 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Games Workshop (GAW.GB; GAW:LN), Hermes (RMS.FR; RMS:FP), Adyen (ADYE.NL; ADYEN:NA), and Technogym (TGYM.IT; TGYM:IM).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 rose 0.5%, while the Nasdaq rose 0.2% last week, including upside intraday
reversals to close positive on Friday. Indices have resistance at their declining 21-DMA (5,748, 18,166), which have now crossed below
the 200-DMA. The window for a follow-through day (FTD) remains open unless indices undercut last week’s intraday lows (5,505, 17,238).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 declined 22bps on higher d/d volume, while the Nasdaq declined 33bps on lower
d/d volume. The S&P 500 and Nasdaq have resistance at their 200-DMA (5,748; 18,435) and support at recent lows (5,505, 17,238).
Indices are open for a follow-through day (FTD), a move of +1.7% or more on volume higher than the prior session.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed mixed as investors weighed Germany’s historic policy reform and potential progress on a Ukraine ceasefire. Focus now turns to the U.S. Federal Reserve and the Bank of England, both expected to keep interest rates unchanged amid economic uncertainty, with policymakers’ guidance set to influence market sentiment.
  • Among key movers on the Stoxx 600, shares of Softcat (SCT.GB; SCT:LN) surged 6.5% after the company raised its operating profit growth forecast for 2025, while shares of M&G (MNG.GB; MNG:LN) gained 2% on strong annual profit growth in 2024.
  • The Stoxx 600 extended its gains for the fourth consecutive session and closed 0.2% higher. It was above all its key moving averages, with immediate resistance at its all-time high (+1.3%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Overall sector performance was mixed. Oil & Gas (+160bps), Retail (+150bps), and Technology (+81bps) were the top gainers, while Telecommunications (-70bps), Chemicals (-65bps), and Automobiles & Parts (-51bps) led the decline.
  • Among major indices, France’s CAC 40 jumped 0.7% and continued to trade above all its key moving averages, with next resistance at its February 18 high (+0.3%). Germany’s DAX 30 closed 0.4% lower. The index was above all its key moving averages, with immediate support at its 10-DMA (-1.5%). The U.K.’s FTSE 100 closed flat. Next resistance is at its all-time high (+1.8%), while support is at its 21-DMA (-0.3%).
  • Eight of the 16 markets we track closed in the green. Seven indices are in a Confirmed Uptrend, six in an Uptrend Under Pressure, and three in a Rally Attempt.
  • Sweden recorded its sixth distribution day. The average distribution day count stood at 4.08.
  • Of the 21 European Focus List names, 19 ideas are trading above their 200-DMA, while12 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Games Workshop (GAW.GB; GAW:LN) and Technogym (TGYM.IT; TGYM:IM).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 advanced 1.1% on higher d/d volume, while the Nasdaq advanced 1.4% on lower
d/d volume as the Fed kept interest rates unchanged and signaled possible cuts later this year. The S&P 500 and Nasdaq have resistance
at their 200-DMA (5,746; 18,430). Indices are open for a follow-through day (+1.7% on higher d/d volume) to upgrade the market to a
Confirmed Uptrend.

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 pulled back 1.1% on lower d/d volume, while the Nasdaq declined 1.7% on higher
d/d volume. The S&P 500 and Nasdaq have support at their recent lows (5,505; 17,238).

Won Europe Today

Posted on by Deepashree MC

Ishares DJ Stoxx600 (EXSA.DE)
Yesterday,
European markets closed higher as Germany approved a major financial reform package, easing borrowing limits
to fund €500B in defense and infrastructure projects. The move lifted investor confidence. Focus remained on a
crucial U.S.-Russia call, where efforts were underway to persuade Moscow to agree to a ceasefire in Ukraine. The
outcome could have significant economic and geopolitical implications.
Among key movers on the Stoxx 600, shares of Computacenter (CCC.GB; CCC:LN) surged ~11% as the tech
services firm expressed confidence in strong growth in 2025, backed by a solid order backlog.
The Stoxx 600 recorded its third consecutive session of gains, closing 0.6% higher. The index reclaimed its 21-
DMA. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their
key moving averages.
Overall sector performance was positive. Banks (+214bps), Oil & Gas (+85bps), and Automobiles & Parts
(+84bps) were the top gainers, while Travel & Leisure (-13bps) and Food & Beverages (-10bps) were the sole
decliners.
Among major indices, France’s CAC 40 gained for the third consecutive session and closed 0.5% higher,
reclaiming its 21-DMA. It is above all its key moving averages, with next resistance at its February 18 high (+1%).
Germany’s DAX 30 extended its positive momentum and surged 1%, with immediate resistance at its all-time high.
The U.K.’s FTSE 100 rose 0.3% and reclaimed its 21-DMA. Next resistance is at its all-time high (+1.8%).
All the 16 markets we track closed in the green. Seven indices are in a Confirmed Uptrend, six in an Uptrend Under
Pressure, and three in a Rally Attempt.
Finland, Italy, and Belgium were shifted to a Confirmed Uptrend from an Uptrend Under Pressure after the indices
reclaimed their previous rally highs.
Of the 21 European Focus List names, 19 ideas are trading above their 200-DMA, while 10 ideas are trading above
their 50-DMA.
Actionable names in the Focus List include Games Workshop (GAW.GB; GAW:LN).

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:

  • Most European indices rebounded late last week, partially recovering losses. Italy hit a record high, while Germany, the U.K., Portugal, and others remained 1–3% below their 52-week highs, holding above key moving averages. France, Spain, and the Netherlands faced resistance at the 21-DMA, while Denmark hit a new 52-week low after a sharp pullback.
  • Energy (+2.4%) and Utility (+2.0%) were the only gainers, while Retail (-5.3%) and Health Care (-3.4%) led decline. Consumer Cyclical, Transportation, and Technology fell ~2%.
  • On the rotation chart, defensive sectors like Utility and Consumer Staple continued to gain momentum. Aerospace and Defense stocks boosted Capital Equipment, keeping the sector in the strongest quadrant.

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Rally Attempt. The S&P 500 rose 64bps on higher d/d volume, while the Nasdaq rose 31bps on lower d/d
volume. The S&P 500 and Nasdaq have resistance at their 200-DMA (5,742; 18,422). The Nasdaq is open for a follow-through day (FTD),
while the S&P will be open for a FTD, if the low (5,505) is held, as early as Wednesday.