Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets closed lower as remarks from U.S. policymakers tempered hopes for an imminent rate cut.
    However, the Stoxx 600 had notched multiple record highs earlier in the week after the end of the longest U.S.
    government shutdown.
  • The Stoxx 600 pulled back ~1% from its all-time high and closed below its 10-DMA. Next support is at its 21-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 German electric equipment maker Siemens Energy (ENRX.DE;
    ENR:GR) rose more than 9% after the company announced its decision to pay its first dividend in four years and
    raised its mid-term guidance. Meanwhile, shares of Swiss apparel group Richemont (CFR.CH; CFR:SW) rose
    ~6% after reporting better-than-expected quarterly results.
  • All sectors closed in negative territory, except Energy (+122bps). Chemicals (-154bps) and Retail (-128bps) posted
    the sharpest declines.
  • Among major indices, France’s CAC 40 closed 0.8% lower, slightly above its 10-DMA. Immediate support is at its
    near-term moving averages. Germany’s DAX 30 broke below its 50- and 100-DMA, closing the session 0.6% lower.
    Next support is at its November 7 low. The U.K.’s FTSE 100 declined more than 1% and broke below its 10-DMA. It
    is testing support at its 21-DMA.
  • Eight of the 16 indices recorded a distribution day. The Stoxx 600 and Sweden leads the count, with seven and
    eight distribution days, respectively.
  • All the 16 indices we track closed in the red. Eleven are in a Confirmed Uptrend, two in an Uptrend Under Pressure,
    and three in a Rally Attempt. The average distribution day count stands at 4.7.
  • Actionable names in the European Focus List are Alk-Abello B ALK.DK; ALKB:DC), Siemens Energy (Xet)
    (ENRX.DE; ENR:GR), Safran (SGM.FR; SAF:FP), and Technogym (TGYM.IT; TGYM:IM).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. Yesterday, the S&P 500 was down 1.66% on lower d/d volume, while the
Nasdaq declined 2.29% on higher d/d volume, adding a distribution day. Both indices have breached the 21-DMA, with immediate support
at the 50-DMA (6,699; 22,811). The distribution day count stands at two and six after one day expired on both indices at yesterday’s close.

Won Europe Today

Posted on by Deepashree MC

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 L’Oréal (OR@F.FR; OR:FP) and BT
Group (BT,A.GB; BT/A:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. Yesterday, the S&P 500 gained 6bps while the Nasdaq was down 26bps on
higher d/d volume, recording its sixth distribution day. Immediate support is at the 21-DMA (6,779; 23,255) followed by the 50-DMA (6,694;
22,788). The distribution day count stands at three and six, respectively, with one day set to expire on each index today after market close.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed higher, with the Stoxx 600 ending at record highs for the second consecutive day,
    supported by strong gains in banking and financial stocks. Optimism grew as signs pointed to a possible end to the
    U.S. government shutdown, which had delayed key economic reports. Investors expect any slowdown in U.S. jobs
    data to push the Federal Reserve toward a softer stance on interest rates.
  • Among key movers on the Stoxx 600, shares of Infineon (IFX.DE; IFX:GR) rose ~7% after the company raised its
    FY26 sales outlook on strong demand for AI data center chips, while shares of RWE (Xet) (RWEX.DE; RWE:GR)
    surged more than 9% following better-than-expected 9M profits. In contrast, shares of FLSmidth (FLB.DK; FLS:DC)
    fell 8.5% on weak order intake and project delays, while shares of Edenred (EDEN.FR; EDEN:FP)declined 4% after
    a warning that upcoming regulatory changes in Brazil could weigh on its 2026 profit outlook.
  • The Stoxx 600 rose 0.7% and hit a new all-time high. Support is at its 21-DMA (-1.7%). We recommend a selective
    approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Banks (+163bps), Utility (+153bps), and Health Care (+116bps) were the major gainers, while Oil
    & Gas (-72bps) and Financial Services (-24bps) were the sole decliners.
  • Among major indices, France’s CAC continued trading above all key moving averages and closed 1% higher. Next
    resistance is at its October high (+0.2%). Germany’s DAX rose 1.2% and reclaimed its 21-DMA. Next resistance is
    at its October high (+0.8%). The U.K.’s FTSE advanced 0.1% and hit an all-time high. Support is at its 21-DMA
    (-2.7%).
  • Fifteen of the 16 markets we track closed in the green. Eleven markets are in a Confirmed Uptrend, two in an
    Uptrend Under Pressure, and three in a Rally Attempt.
  • Belgium and Switzerland were shifted to a Confirmed Uptrend from an Uptrend Under Pressure after the indices
    reclaimed their previous rally high. Norway and France were shifted to a Rally Attempt from a Downtrend.
  • The Netherlands recorded its seventh distribution day. The average distribution day count stood at five.
  • All 15 European Focus List names are trading above their 200-DMA, while 12 names are trading above their 50-
    DMA.
  • Actionable names in the Focus List include Siemens Energy (Xet) (ENRX.DE; ENR:GR) and Safran (SGM.FR;
    SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. Yesterday, the S&P 500 gained 21bps, while the Nasdaq was down 25bps on
lower d/d volume. Immediate support is at the 21-DMA (6,772; 23,239), followed by the 50-DMA (6,686; 22,750). The distribution day
count stands at three and five, respectively, with one day set to expire on each index tomorrow after market close.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets closed higher, with the Stoxx 600 hitting an all-time high, led by healthcare stocks, as optimism
    grew following the U.S. Senate’s approval to end the historic government shutdown. Meanwhile, U.S. markets were
    under pressure because of new worries about high technology valuations after SoftBank sold its stake in Nvidia for
    $5.8B, sparking fears the AI rally may be losing momentum.
  • Among key movers on the Stoxx 600, shares of Novo Nordisk (NON.DK; NOVOB:DC) rose 6.4% following upbeat
    commentary from JP Morgan, despite a price cut of up to 33% for its weight-loss drug Wegovy in India. Meanwhile,
    shares of Vodafone (VOD.GB; VOD:LN) gained 8.3% following a return to growth in Germany and an upgraded
    earnings outlook. Shares of Fraport (FRAX.DE; FRA:GR) gained 6.5% as the Frankfurt Airport operator beat Q3
    core earnings estimates.
  • The Stoxx 600 advanced 1.3% and hit a new all-time high. Support is at its 21-DMA (-1.3%). 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 (+290bps), Banks (+201bps), Oil & Gas (+199bps), and Food & Beverages
    (+194bps) were the major gainers. There were no decliners.
  • Among major indices, France’s CAC closed 1.2% higher and reclaimed its 21-DMA. It is now trading above all its
    key moving averages. Next resistance is at its October high (+1.2%). Germany’s DAX rose 0.6%, reclaimed its
    100-DMA, and tested resistance at its 21-DMA. Next resistance is at its October high (+2%). The U.K.’s FTSE
    gained 1.1% and hit an all-time high. Support is at its 21-DMA (-2.8%).
  • Fifteen of the 16 markets we track closed in the green. Eight markets are in a Confirmed Uptrend, five are in an
    Uptrend Under Pressure, one in a Rally Attempt, and two in a Downtrend.
  • The Stoxx 600 was shifted to a Confirmed Uptrend from an Uptrend Under Pressure after the index reclaimed its
    previous rally high. Denmark was upgraded to a Confirmed Uptrend from a Rally Attempt after the index registered
    a follow-through day.
  • All 15 European Focus List names are trading above their 200-DMA, while 12 names are trading above their 50-
    DMA.
  • Actionable names in the Focus List include Siemens Energy (Xet) (ENRX.DE; ENR:GR) and Safran (SGM.FR;
    SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. Yesterday, the S&P 500 and Nasdaq gained 1.54% and 2.27%, respectively.
Immediate support is at the 21-DMA (6,765; 23,217), followed by the 50-DMA (6,678; 22,706). The distribution day count remains at three
and five, respectively, with one day set to expire on each index this week.

Won Europe Today

Posted on by Deepashree MC

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

  • The Stoxx 600 fell ~1.3% last week, breaking below its 21-DMA but finding support at its 50-DMA. The index was
    downgraded to an Uptrend Under Pressure as the distribution day count rose to seven, after three were added
    during the week. Sweden, Portugal, and the Netherlands were also shifted to an Uptrend Under Pressure, while
    France was downgraded to a Downtrend. Ireland was upgraded to a Confirmed Uptrend from a Rally Attempt.
  • European indices have pulled back over the past two weeks. They have declined below their short-term moving
    averages and testing key support levels. The market tone has clearly turned more defensive as long-term leaders
    retreat from extended levels. Breadth remains weak: Our 12-week new high/new low ratio confirms that fewer
    stocks are participating in rallies, raising risks of a correction or topping phase.
  • On our rotation chart, Consumer Staple and Utility have shown improving short-term momentum in the past two
    weeks, an early signal of rotation toward more defensive areas.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. On Friday, the S&P 500 gained 13bps, while the Nasdaq declined 21bps on
lower d/d volume. Both indices rebounded strongly off their intraday lows, with support at their 50-DMA (6,670/22,665). The distribution
day count stands at three and five, respectively. One distribution day on both indices is set to expire this week.