Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets ended the week lower, with the Stoxx 600 recording its biggest two-week loss since early
    September, as concerns over high valuations in technology-related stocks, a U.S. government shutdown, and
    cautious Federal Reserve comments weighed on investor sentiment.
  • Among key movers on the Stoxx 600, shares of ITV (ITV.GB; ITV:LN) surged 16.6% after the company confirmed
    talks with Sky for a £1.6B sale of its media and entertainment arm, while shares of Monte dei Paschi (BMPS.IT;
    BMPS:IM) rose 4.4% following better-than-expected Q3 profit and an upgraded 2025 outlook. Shares of Rightmove
    (RMV.GB; RMV:LN) fell 12.5% on expectations of slower profit growth in 2026, while shares of IAG (IAG.GB; IAG:LN)
    fell 11.6% following weak Q3 results and amid caution over U.S. travel demand.
  • The Stoxx 600 fell 0.6% and tested support at its 50-DMA. Next support is at its 100-DMA (-1.8%). We recommend
    a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Chemicals (+69bps), Food & Beverages (+68bps), and Automobiles & Parts (+65bps) were the
    major gainers, while Technology (-197bps), Travel & Leisure (-137bps), and Banks (-95bps) were the only
    decliners.
  • Among major indices, France’s CAC closed 0.2% lower and breached its 50-DMA. Next support is at its 10-DMA
    (-1.2%). Germany’s DAX fell 0.7% and closed below its October low. Next support is at its 200-DMA (-0.9%). The
    U.K.’s FTSE declined 0.6% and breached its 10-DMA. Support is at its 21-DMA (-1%).
  • Fifteen of the 16 markets we track closed in the red. Four markets are in a Confirmed Uptrend, seven in an Uptrend
    Under Pressure, two in a Rally Attempt, and three in a Downtrend.
  • France was downgraded to a Downtrend from an Uptrend Under Pressure after the index breached its 50-DMA.
    Portugal was shifted to an Uptrend Under Pressure from a Confirmed Uptrend after the index breached its 21-DMA.
  • The Stoxx 600 recorded its seventh distribution day, while Finland and Spain recorded their fourth and third,
    respectively. The average distribution day count stood at 5.1.
  • All 14 European Focus List names are trading above their 200-DMA, while 11 names are trading above their 50-
    DMA.
  • Actionable names in the Focus List include Technogym (TGYM.IT; TGYM:IM).

Won Global View

Posted on by Deepashree MC

The U.S. market has been shifted to an Uptrend Under Pressure. Yesterday, the S&P 500 fell 1.12% on lower d/d volume, while the
Nasdaq declined 1.90% on higher d/d volume and picked up a distribution day. The next level of support is at the 50-DMA (6,666/22,639).
The distribution day count stands at three and five, respectively, after one expired on the Nasdaq yesterday. One distribution day on both
indices is set to expire next week.

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 Outokumpu ‘A’ (OUTO.FI;
OUT1V:FH), L’Oreal (OR@F.FR; OR:FP), TBC Bank Group (TBCG.GB; TBCG:LN), Biomerieux (BIM.FR; BIM:FP), and
ST Microelectronics (STM.IT; STMMI:IM).

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets rebounded from the previous session’s losses as sentiment improved on upbeat U.S. job data. Automobile sector led the gains, boosted by rallies in German carmakers BMW (BMWX.DE; BMW:GR) and Mercedes-Benz (MBGX.DE; MBG:GR). Meanwhile, Eurozone economic growth in October hit its fastest pace since May 2023.
  • The Stoxx 600 rose 0.2% and retook its 21-DMA. It faces resistance 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 Danish medical equipment maker Ambu B (AMB.DK; AMBUB:DC) fell ~16% after the company reported its Q4 FY26 results.Meanwhile, shares of Siemens Healthineers (SHLX.DE; SHL:GR), which produces medical diagnosticsequipment, were down 8.6% after the company reported lower-than-expected Q4 results, along with a disappointing guidance.
  • Among sectors, Automobiles (+238bps) and Chemicals (+94bps) were the top gainers, while Health Care (-95bps) and Telecommunications (-37bps) lagged the most.
  • Among major indices, France’s CAC 40 closed the session flat after declining in the past five sessions. The index is finding support at its 50-DMA. It is testing resistance at its 21-DMA. Germany’s DAX 30 gained 0.5% and reclaimed its 50- and 100-DMA. It is testing resistance at its near-term moving averages. The U.K.’s FTSE 100 extended its gains after bouncing off its 10-DMA and closed 0.6% higher. The index is making new all-time highs.
  • Belgium recorded its eighth distribution day.
  • Norway recorded Day 1 of its rally attempt, while Denmark made a new low.
  • Eleven of the 16 indices we track closed in the red. Six are in a Confirmed Uptrend, six in an Uptrend Under Pressure, two in a Rally Attempt, and two in a Downtrend. The average distribution day count stands at 4.36.
  • Actionable names in the European Focus List are Diploma (DPLM.GB; DPLM:LN), 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 a Confirmed Uptrend. Yesterday, the S&P 500 closed 0.37% higher, while the Nasdaq advanced 0.65%.
Both indices have support at the 21-DMA (6,765/23,219), followed by the 50-DMA (6,661/22,609). The distribution day count stands at
three and five, respectively. One distribution day on the Nasdaq is set to expire after today’s close.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets posted their steepest losses in two weeks, weighed down by a mixed set of corporate earnings that pushed most sectors lower. Sentiment deteriorated further after major U.S. banks warned of a potential market correction, citingrising concerns over stretched equity valuations.
  • The Stoxx 600 closed 0.3% lower. The index breached its 50-DMA and pulled back to its 50-DMA support. It is now trading in line with 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 French digital payments group Edenred (EDEN.FR; EDEN:FP) slid 8.6% after the company forecasted slower earnings growth in FY26.
  • Among sectors, Food and Beverage (+96bps) and Health Care (+83bps) were the top gainers, while Mining (-204bps) and Telecommunications (-156bps) led the losses.
  • Among major indices, France’s CAC 40 extended its losses for a sixth straight session and closed 0.5% lower. It has breached its 10- and 21-DMA andis testing support at its 50-DMA.Germany’s DAX 30 failed to hold its momentum from the previous session and ended 0.7% lower. The index broke below its 50- and 100-DMA intraday and is testing support at its October 17 low. The U.K.’s FTSE 100 closed 0.1% higher. The index found strong support at its 21-DMA.
  • The Stoxx 600 and Sweden were shifted to an Uptrend Under Pressure from a Confirmed Uptrend as the indices breached their 21-DMA. Denmark and Norway recorded a new low.
  • France and Sweden recorded their sixth distribution day, while the Stoxx 600 and Portugal logged in their fifth and fourth, respectively. Finland recorded its third distribution day.
  • Eleven of the 16 indices we track closed in the red. Six are in a Confirmed Uptrend, six in an Uptrend Under Pressure, two in a Rally Attempt, and two in a Downtrend. The average distribution day count stands at 4.2.
  • Actionable names in the European Focus List are Diploma (DPLM.GB; DPLM:LN), Siemens Energy (Xet) (ENRX.DE; ENR:GR), Safran (SGM.FR; SAF:FP), Technogym (TGYM.IT; TGYM:IM), and NatWest (NWG.GB; NWG:LN).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 declined 1.17% and the Nasdaq fell 2.04%, breaching their 10-DMA
support, on lower d/d volume. Next support is at the 21-DMA (6,762/23,191), followed by the 50-DMA (6,654/22,570). The distribution day
count stands at three and five, respectively. One distribution day is set to expire on the Nasdaq after tomorrow’s close.

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 pulled back slightly last week from its all-time high. It remains in a Confirmed Uptrend and is testing support at its 21-DMA.
  • Among sectors, Energy led the momentum, while Capital Equipment and Basic Materials lagged. Consumer Staple continues to be a laggard, while Utility joined the underperformance.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rose 17bps and 46bps, respectively, on lower d/d volume.
Indices continue to consolidate above 10-DMA support (6,814/23,495), with next support at the 21-DMA (6,761/23,175). The distribution
day count stands at three and five, respectively. One distribution day on the Nasdaq will expire after Thursday’s close.

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European markets closed lower as mixed quarterly earnings and a subdued October inflation reading weighed on sentiment. The European Central Bank also kept interest rates unchanged for the third straight meeting last week.
  • The Stoxx 600 traded lower for a fourth consecutive session, closing 0.5% lower. The index breached its 10-DMA and is testing support 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 French insurance group Scor Se (SCO.FR; SCR:FP) gapped down ~13% following its Q3 results, while shares of Austrian bank Erste Group Bank (ERS.AT; EBS:AV)rose more than 5% after the company raised its annual outlook post its Q3 results.
  • Most sectors closed in negative territory, with Telecommunications (-125bps) and Technology (-100bps) leading the losses. Banks (+23bps) was the sole gainer.
  • Among major indices, France’s CAC 40 extended its losses, closing the session 0.4% lower. It has broken below support at its 10-DMA and is finding support at its 21-DMA.Germany’s DAX 30 closed 0.6% lower and broke below its 50- and 100-DMA after failing to reclaim its near-term moving averages. Next support is at its October 17 low (-0.5%). The U.K.’s FTSE 100 closed 0.4% lower and is consolidating at new highs. Near-term support lies at its 10-DMA.
  • Denmark was shifted to a Downtrend from a Rally Attempt as the index made a new low. Norway recorded Day 1 of its Rally Attempt.
  • Finland recorded its second distribution day.
  • Thirteen of the 16 indices we track closed in the red. Eight are in a Confirmed Uptrend, three in an Uptrend Under Pressure, three in a Rally Attempt, and two in a Downtrend. The average distribution day count stands at 3.8.
  • Actionable names in the European Focus List are Diploma (DPLM.GB; DPLM:LN), Siemens Energy (Xet) (ENRX.DE; ENR:GR), Safran (SGM.FR; SAF:FP), Technogym (TGYM.IT; TGYM:IM), Alk Abello B (ALK.DK; ALKB:DC), and NatWest (NWG.GB; NWG:LN).