Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets gained for the second straight session, closing the week on a positive note, driven by strong momentum in Technology and Mining stocks. On the economic front, Eurozone’s flash inflation data came in line with estimates, while Germany’s retail sales declined sharper than anticipated in October. With subdued economic sentiment across the region, investors now expect an 80% likelihood of a 25bps rate cut in the European Central Bank’s December meeting.
  • The Stoxx 600 closed almost 0.6% higher, inching closer to resistance at its 200-DMA. The index logged its first monthly gain since August, gaining 1% in November. We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Technology (+161bps), Mining (+158bps), and Financial Services (+108bps) were the most prominent gainers. Telecommunications (-22bps) led the losses.
  • Among major indices, France’s CAC 40 rose almost 0.8%. The index retook its 10-DMA, with next resistance at its 21-DMA. Germany’s DAX 30 advanced more than 1%, closing in line with its mid-October highs. The U.K.’s FTSE 100 closed flat for a second straight session, with near-term support at its 50- and 100-DMA.
  • France and Italy were shifted to a Rally Attempt from a Downtrend as the indices recorded Day 3 of their Rally Attempt. Ireland recorded Day 2 of its Rally Attempt.
  • Norway recorded its first distribution day.
  • Thirteen of the 16 indices we track closed in the green. Two are in a Confirmed Uptrend, one in an Uptrend Under Pressure, 12 in a Rally Attempt, and one in a Downtrend. The average distribution day count stood at 2.67.
  • Of the 30 European Focus List names, 28 ideas are trading above their 200-DMA, while 18 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Safran (SGM.FR; SAF:FP), Bawag Group (BWGP.AT; BG:AV), Schneider Electric (QT@F.FR; SU:FP), Relx (REL.GB; REL:LN), and Talanx Aktgsf (TLXX.DE; TLX:GR).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq gained ~1% last week after holding above their
respective support levels at their rising 10-DMA (5,932) and 21-DMA (18,922).The distribution day count remains at five and one,
respectively, however two days expire on the S&P 500 this week.

Won Europe Today

Posted on by Deepashree MC

We released our Weekly Global Laggards Report today. 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 stocks include Renault (RENU.FR; RNO:FP), Whitbread (WTB.GB; WTB:LN), Electrolux B (SE@G.SE; ELUXB:SS), Anheuser-BuschInbev (ABI.BE; ABI:BB), and The Renewables Infrastructure Group (TRIG.GB; TRIG:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back 40–60bps on lower d/d volume. The first level
of support on the S&P 500 and Nasdaq is at the rising 10-DMA (5,962/19,018), followed by the 21-DMA (5,922/18,892). The distribution
day count remains at five and one, respectively

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets extended their losses for a second consecutive session. France’s CAC 40 fell to a three-month low as political uncertainty in the country weighed on investor sentiment. Concerns over a potential increase in U.S. tariffs kept pressure on Automobile stocks. On the economic front, U.S. inflation rose 2.3% y/y in October, in line with estimates, while strong consumer spending during the period highlighted signs of economic resilience.
  • Among key movers in the Stoxx 600, shares of Johnson Matthey (JMAT.GB; JMAT:LN) slumped 11.7% after the catalytic converter and pollution filter maker reported lower-than-expected profit for H1.
  • The Stoxx 600 continued to test resistance at its 21-DMA and closed 0.2% lower. Near-term support 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, Financial Services (+44bps) and Food and Beverages (+41bps) led the gains, while Technology (-133bps), Travel and Leisure (-66bps), and Retail (-59bps) lagged the most.
  • Among major indices, France’s CAC gapped down 0.7%. The index failed to reclaim its 10-DMA and closed in line with its early August lows. Germany’s DAX 30 declined 0.2% and was testing support at its converging 10- and 50-DMA. The U.K.’s FTSE 100 closed 0.2% higher after finding strong support at its 100-DMA. The index was trading above all its key moving averages.
  • France and Ireland were shifted to a Downtrend from a Rally Attempt after both indices hit a new low.
  • Ten of the 16 indices we track closed in the red. Two are in a Confirmed Uptrend, one in an Uptrend Under Pressure, 11 in a Rally Attempt, and two are in a Downtrend. The average distribution day count stood at 4.5.
  • Of the 30 European Focus List names, 28 ideas are trading above their 200-DMA, while 18 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Safran (SGM.FR; SAF:FP), Galderma Group (GALD.CH; GALD:SW), Bawag Group (BWGP.AT; BG:AV), Relx (REL.GB; REL:LN), Talanx Aktgsf (TLXX.DE; TLX:GR), and Banco BPM (BP.IT; BAMI:IM).

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets faced a downturn as investors weighed the impact of the possible U.S. tariffs on China, Mexico, and Canada, raising fears of a potential global trade war. China-linked sectors, including Automakers, suffered losses following the announcement. Concerns are mounting over a slowdown in the European market momentum, with investors wary of the inflationary pressures the tariff hikes might trigger.
  • Among key movers in the Stoxx 600, shares of Avolta (AVOL.CH; AVOL:SW) were down more than 5% after Barclays downgraded the Swiss duty-free retailer. Shares of Melrose Industries (MRO.GB; MRO:LN) rose more than 7% following an upgrade in its target price.
  • The Stoxx 600 closed almost 0.6% lower and breached its 10-DMA. The index was trading below all its key moving averages. 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 the red, led by Mining (-190bps), Automobiles (-173bps), and Oil and Gas (-127bps). Health Care (+27bps) and Telecommunications (+4bps) were the only outliers.
  • Among major indices, France’s CAC 40 failed to reclaim its 21-DMA and breached its 10-DMA, closing 0.8% lower. Germany’s DAX 30 pulled back 0.6% and was testing support at its 50-DMA. The U.K.’s FTSE 100 closed 0.4% lower. Near-term support is at its 100-DMA, followed by its 50-DMA.
  • All the 16 indices we track closed in the red, except Denmark. Two are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and 13 in a Rally Attempt. The average distribution day count stood at 4.5.
  • Of the 30 European Focus List names, 28 ideas are trading above their 200-DMA, while 18 ideas are trading above their 50-DMA.
  • Actionable names in the Focus List include Safran (SGM.FR; SAF:FP), Nemetschek (NEMX.DE; NEM:GR), Galderma Group (GALD.CH; GALD:SW), Bawag Group (BWGP.AT; BG:AV), Relx (REL.GB; REL:LN), Schneider Electric (QT@F.FR; SU:FP), Talanx Aktgsf (TLXX.DE; TLX:GR), and Banco BPM (BP.IT; BAMI:IM).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 gained 57bps yesterday and closed at new highs. The Nasdaq was up
63bps and is currently 1% off highs. Indices have immediate support at their rising 10-DMA (5,954/19,009), followed by their 21-DMA
(5,914/18,876). The distribution day count declined to five on the S&P 500 and remains at one on the Nasdaq.

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 rebounded toward the end of the previous week, with mixed sentiments prevailing across Europe. The indices may continue to further trade sideways, waiting for the next trigger.
  • Sector performance was broadly positive, with Health Care, Retail, and Technology leading the gains. On our rotation graph, Retail and Transportation show deteriorating short-term momentum, while Energy and Basic Materials remained in the worst quadrant.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq were up ~30bps each, trading 1–2% off highs. Indices
have immediate support at their rising 10-DMA (5,939/18,973), followed by their 21-DMA (5,903/18,846). The distribution day count
remains at six and one, respectively.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. Last week, the S&P 500 and Nasdaq each closed about 1.7% higher. Indices have
immediate support at their 21-DMA (5,895/18,825), ~1% below current levels. Next support is at their rising 50-DMA (5,810/18,428), ~2–
3% below current levels. The distribution day count remains at six and one, respectively, with one set to expire on the S&P 500 in the
coming week.