Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets ended slightly higher, supported by softer-than-expected inflation data from the Eurozone for May. Inflation cooled to 1.9% from 2.2% in April, slipping below the European Central Bank’s 2% target and strengthening hopes for a rate cut in the policy meeting scheduled on Friday. The euro and European bond yields declined in response to the data.
  • Among key movers on the Stoxx 600, shares of Swiss asset management group UBS (UBSG.CH; UBSG:SW) were up more than 5% after receiving a rating upgrade from Jefferies.
  • The Stoxx 600 continued to test support at its 21-DMA and closed flat. Immediate resistance is at its 10-DMA, while the next support is at its 100-DMA. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Technology (+89bps) and Automobile (+75bps) led the gains, while Mining (-95bps) and Utility (-45bps) lagged the most.
  • Among major indices, France’s CAC 40 closed 0.3% higher after finding support at its 50-DMA, reversing losses from its earlier sessions. Near-term resistance is at its converging 21- and 100-DMA. Germany’s DAX 30 bounced off its 21-DMA and closed 0.7% higher. The index reclaimed its 10-DMA and is trading above all its key moving averages. The U.K.’s FTSE 100 ended marginally higher, closing slightly above its 10-DMA.
  • Ten of the 16 indices we track closed in the green. Eleven are in a Confirmed Uptrend, three in a Rally Attempt, and two in an Uptrend Under Pressure. The average distribution day count stands at 3.46.
  • All the 21 European Focus List names are trading above their 200-DMA, while 19 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List are Bawag Group (BWGP.AT; BG:AV), 3i Group (III.GB; III:LN), Games Workshop (GAW.GB; GAW:LN), Safran (SGM.FR; SAF:FP), Sap (SAPX.DE; SAP:GR), SPIE (SPIE.FR; SPIE:FP), and Premier Foods (PFD.GB; PFD:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed 58bps and 81bps higher, respectively. Indices are
3–4% off highs, with support at their 21-DMA (5,828; 18,746). The distribution day count remains at three and two, respectively.

Won Europe Today

Posted on by Deepashree MC

We released our European Weekly Summary yesterday. Click here to access the report. Key points from it include:

  • European markets rose in the previous week. The Stoxx 600 is in a Confirmed Uptrend and is finding support at its near-term moving averages. Most major indices are trading near their 52-week highs.
  • Capital Equipment, Consumer Cyclical, and Health Care led the sectoral gains, while Retail and Utility showed signs of weakness. Technology and Capital Equipment are showing positive short-term momentum on Rotation Chart.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed 40bps and 67bps higher, respectively. Indices
rebounded from their 10-DMA (5,887/19,033) and had an upside reversal on lower volume. They are still testing resistance near
5,970/19,200 and have immediate support at their rising 21-DMA (5,814/18,680). The distribution day count remains at three and two,
respectively.

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets closed mixed but wrapped up the month with gains. Sentiment remained cautious as the U.S. accused China of violating a preliminary trade agreement, reigniting global trade war concerns. On the economic front, U.S. inflation eased slightly to 2.1% in April, coming in below expectations, while early reports indicated a cooling of inflation in Germany in May.
  • Among key movers in the Stoxx 600, shares of French pharma group Sanofi (SQ@F.FR; SAN:FP) fell ~5% after the company’s experimental drug failed to meet certain conditions.
  • The Stoxx 600 closed 0.1% higher, recovering from its losses in the past two sessions. It was testing support at its 21-DMA. Near-term resistance is at its 10-DMA. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Health Care (+138bps) and Utility (+81bps) led the gains, while Technology (-57bps) and Travel and Leisure (-50bps) lagged the most.
  • Among major indices, France’s CAC 40 declined 0.4% on higher volume, marking its fourth consecutive session of losses. The index breached its 21- and 100-DMA and has near-term support at its 50-DMA.Germany’s DAX 30 was up 0.3% after having declined in its previous sessions. It was testing support at its 10-DMA. The U.K.’s FTSE 100 closed 0.6% higher, rebounding from earlier losses. The index was hitting fresh two-month highs.
  • Sweden and Finland recorded their second distribution day, while Ireland logged in its third. France increased its distribution day count to eight.
  • Sweden was shifted to an Uptrend Under Pressure from a Confirmed Uptrend. Denmark was closed on account of a market holiday.
  • Nine of the 16 indices we track closed in the green. Eleven are in a Confirmed Uptrend, three in a Rally Attempt, and two in an Uptrend Under Pressure. The average distribution day count stands at 3.58.
  • All the 21 European Focus List names are trading above their 50- and 200-DMA.
  • Actionable names in the European Focus List are Bawag Group (BWGP.AT; BG:AV), Games Workshop (GAW.GB; GAW:LN), RELX (REL.GB; REL:LN), Sap (SAPX.DE; SAP:GR), Premier Foods (PFD.GB; PFD:LN), and 3i Group (III.GB; III:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rose 1.9% and 2.0%, respectively, last week. Indices are
still testing resistance near 5,970/19,200 and have immediate support at their rising 21-DMA (5,802/18,624). The distribution day count
remains at three and two, respectively.

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq were up ~40bps each on mixed volume yesterday. The S&P 500
closed in the middle of the trading range on lower volume, while the Nasdaq pulled back from intraday highs and closed in the lower half
on higher volume. Indices are still testing resistance near 5,970/19,200 and have immediate support at their rising 10-DMA (5,869/18,958).
The distribution day count remains at three and two, respectively.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European stocks closed lower as investor sentiment remained cautious amid ongoing trade negotiations with the U.S. and mixed economic data from the region. Despite tentative signs of easing tensions, the unpredictable nature of U.S. trade policy under the new administration continued to weigh on market confidence. Meanwhile, continued price pressures and policy uncertainty have increased expectations of a European Central Bank rate cut next week, further weighing on investor sentiment.
  • Among key movers on the Stoxx 600, shares of Elekta (ELKB.SE; EKTAB:SS) rose 5.9% after the company reported better-than-expected Q4 FY25 sales, while shares of Kingfisher (KGF.GB; KGF:LN) fell 3.6% as its Q1 FY26 results disappointed investors.
  • The Stoxx 600 ended the session 0.6% lower and breached its 10-DMA. It has next support at its rising 21-DMA (-0.9%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Basic Resources (-134bps), Retail (-118bps), Telecommunications (-98bps), and Health Care (-92bps) lagged the most. Automobiles & Parts (+61bps) and Oil & Gas (+17bps) were the only sectors that closed in the green.
  • Among major indices, France’s CAC 40 faced resistance at its 10-DMA and declined 0.5%, breaching its 100-DMA. It found support at its 21-DMA. Next support is at its 50-DMA (-1.3%). Germany’s DAX 30 pulled back slightly from its all-time high and closed 0.8% lower. It tested support at its 10-DMA, with next support at its 21-DMA (-2%). The U.K.’s FTSE 100 fell 0.6% and took support at its 10-DMA. Next support is at its 21-DMA (-1.2%).
  • Fourteen of the 16 markets we track closed in the red. Twelve indices are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and three in a Rally Attempt.
  • France and Belgium recorded their seventh distribution day. Denmark registered its fifth distribution day, while Ireland and the Netherlands recorded their second. The average distribution day count stood at 3.3.
  • All 21 European Focus List names are trading above their 50- and 200-DMA.
  • Actionable names in the European Focus List: Bawag Group (BWGP.AT; BG:AV), Rolls-Royce Holdings (RR.GB; RR/:LN), Sap (Xet) (SAPX.DE; SAP:GR), RELX (REL.GB; REL:LN), and Games Workshop (GAW.GB; GAW:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq had a downside reversal yesterday, declining ~50–55bps on
lower volume. Indices are testing resistance near recent highs (5,970; 19,200) and have immediate support at their rising 10-DMA (5,859;
18,910). The distribution day count remains at three and two, respectively.