Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets extended losses as the Israel-Iran conflict entered its sixth day, fueling concerns over possible U.S. involvement. Meanwhile, the U.S. Fed kept rates steady at 4.25–4.5% but signaled the possibility of two rate cuts later this year. Investors now await the Bank of England’s policy decision due today.
  • The Stoxx 600 closed lower for a second consecutive session. It is marginally above its 100-DMA and is expected to find support here. Next level of support is at its 50-DMA (-1%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Banks (+66bps) gained the most, while Health Care (-106bps) and Chemicals (-95bps) lagged the most.
  • Among major indices, France’s CAC 40 closed 0.3% lower. The index was testing support at its converging 50- and 200-DMA. Germany’s DAX 30 declined 0.5% and extended its losses for a second consecutive day. It has near-term support at its 50-DMA. The U.K.’s FTSE 100 closed 0.1% higher after finding support at its 21-DMA. Immediate resistance is at its 10-DMA.
  • The Stoxx 600 and the Netherlands recorded their fifth distribution day, while Germany logged in its sixth.
  • Twelve of the 16 indices we track closed in the red. Three are in a Confirmed Uptrend, two in a Rally Attempt, and 11 in an Uptrend Under Pressure. The average distribution day count stands at 4.69.
  • All the 22 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 Premier Foods (PFD.GB; PFD:LN), Bawag Group (BWGP.AT; BG:AV), and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq were down 85–90bps on lower volume and closed just near their
10-DMA (5,992; 19,506). Indices have immediate resistance near their recent highs (6,060; 19,800), with immediate support at their rising
21-DMA (5,936; 19,247). The distribution day count remains at five and three, respectively.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets declined as tensions in the Middle East escalated, with speculation rising that the U.S. may join Israel’s strikes on Iran. As Israel targets Iran’s nuclear and military sites, investors turned cautious ahead of the Fed’s policy meeting, where rates are expected to remain unchanged amid geopolitical uncertainty.
  • The Stoxx 600 closed 0.8% lower, near a one-month low. Immediate support is at its 100-DMA, followed by its 50-DMA. 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, with Banks (-190bps) and Travel and Leisure (-190bps) lagging the most. Energy (+110bps) was the sole outlier.
  • Among major indices, France’s CAC 40 failed to reclaim its 10-DMA and closed 0.7% lower. The index has support at its converging 50- and 100-DMA. Germany’s DAX 30 pared gains from its previous session and closed 1% lower. The index was trading in line with its mid-May lows, with next support at its 50-DMA. The U.K.’s FTSE 100 declined 0.5% and breached support at its 10-DMA. Next support is at its 21-DMA.
  • Ireland and Denmark were shifted to an Uptrend Under Pressure from a Confirmed Uptrend.
  • Denmark recorded its fifth distribution day, while Austria, Belgium, and Ireland logged in their sixth.
  • All the 16 indices we track closed in the red, except Norway. Three are in a Confirmed Uptrend, two in a Rally Attempt, and 11 in an Uptrend Under Pressure. The average distribution day count stands at 4.76.
  • All the 22 European Focus List names are trading above their 200-DMA, while 20 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List are Adyen (ADYE.NL; ADYEN:NA), Premier Foods (PFD.GB; PFD:LN), Bawag Group (BWGP.AT; BG:AV), and Safran (SGM.FR; SAF:FP).

Won Europe Today

Posted on by Deepashree MC

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

  • Most European markets pulled back in the previous week amid concerns regarding the conflict between Israel and Iran in the Middle East. The Stoxx 600 was shifted to an Uptrend Under Pressure as it breached its 21-DMA. Norway, Denmark, and Portugal were the outperformers.
  • Sectoral performance was broadly negative. Financial led the losses, followed by Technology and Retail. Energy, Utility, and Health Care posted gains.

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 was up ~95bps on lower volume, while the Nasdaq was up ~1.5% on higher
volume. Indices rebounded off their 10-DMA (5,994;19,503) and are testing resistance near recent highs (6,060; 19,800). Next support is
at their rising 21-DMA (5,932; 19,219). The distribution day count remains at five and three, respectively.

Won Europe Today

Posted on by Deepashree MC

On Friday,

  • European stocks declined as escalating tensions in the Middle East weighed on sentiment, following Israel’s strikes on Iran’s nuclear and missile sites. The geopolitical uncertainty drove investors toward safe-haven assets like gold and the U.S. dollar. Meanwhile, crude oil prices surged more than 7%, pressuring travel and airline stocks amid concerns over rising jet fuel costs and higher operating expenses.
  • The Stoxx 600 extended its losses for a third consecutive session, closing around 0.9% lower. The index has breached its key near-term moving averages, with next support 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.
  • Most sectors closed in negative territory, with Automobile (-223bps) and Travel and Leisure (-206bps) lagging the most. Energy (+49bps) was the only sector to post marginal gains.
  • Among major indices, France’s CAC 40 declined for the third consecutive session, ending 1% lower. It failed to reclaim its 100-DMA and breached its 10- and 21-DMA. Near-term supportis at its converging 50- and 200-DMA.Germany’s DAX 30 closed lower for its sixth consecutive session. The index has breached its short-term moving averages, with next support at its 50-DMA.The U.K.’s FTSE 100 closed 0.4% lower and is consolidating near its 10-DMA.
  • All indices recoded a distribution day, except the U.K., Norway, and Switzerland. France and Germany has the highest distribution day count of six.
  • Italy, Spain, Belgium, and the Netherlands were shifted to an Uptrend Under Pressure from a Confirmed Uptrend. Belgium and the Netherlands breached their respective 21-DMA.
  • All the indices we track closed in the red, except Norway. Five are in a Confirmed Uptrend, two in a Rally Attempt, and nine in an Uptrend Under Pressure. The average distribution day count stands at 4.5.
  • All the 22 European Focus List names are trading above their 200-DMA, while 21 ideas are trading above their 50-DMA.
  • Actionable names in the European Focus List are Alk-Abello B (ALK.DK; ALKB:DC), Bawag Group (BWGP.AT; BG:AV), and Nemetschek (NEMX.DE; NEM:GR).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. On Friday, the S&P 500 declined 1.1% on higher volume, registering a distribution day,
while the Nasdaq declined 1.3% on lower volume. Indices closed below their 10-DMA (5,985; 19,459). They are trading 3–4% off all-time
highs (6,147; 20,204), with primary support at the rising 21-DMA (5,921; 19,171). The distribution day count stands at five and three,
respectively.

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 Svenska Cellulosa Aktiebolaget Sca B (SW@G.SE; SCAB:SS), Pearson (PSON.GB; PSON:LN), Adidas (ADSX.DE; ADS:GR), and Essity B (ESSI.SE; ESSITYB:SS).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq gained 38bps and 24bps, respectively. Indices are 2–3% off their
all-time high (6,147; 20,204), with the first level of support at their 10-DMA (5,987; 19,471). The distribution day count stands at four and
three, respectively.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets ended lower as hopes for major progress in the U.S.-China trade talks faded. While both sides avoided further tension, the deal mostly outlined tariff levels, with the U.S. imposing up to 55% and China 10%.
  • Although the talks avoided further escalation, investors were disappointed by the lack of concrete agreement. Investors are also focused on higher defense spending and potential rate cuts by the European Central Bank, though officials have signaled that the rate-cut cycle may be nearing its end.
  • Among key movers on the Stoxx 600, shares of Bellway (BWY.GB; BWY:LN) and Vistry (VTY.GB; VTY:LN) gained 2.6% and 6%, respectively, after the U.K. announced a £39B plan to nearly double annual spending on affordable housing over the next decade.
  • The Stoxx 600 ended the session 0.3% lower and tested support at its 10-DMA. Next support is at its 21-DMA (-0.2%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of their key moving averages.
  • Among sectors, Utility (+39bps), Oil & Gas (+14bps), and Banks (+14bps) were the top gainers, while Retail (-164bps), Basic Resources (-123bps), and Food & Beverage (-106bps) lagged the most.
  • Among major indices, France’s CAC 40 hit resistance at its 100-DMA and breached its 21-DMA. Next support is at its 200-DMA (-1.4%). Germany’s DAX 30 hit resistance at its 10-DMA and breached its 21-DMA. Next support is at its 50-DMA (-4.7%). The U.K.’s FTSE 100 closed the session 0.1% higher. Immediate resistance is at its March high (+0.1%).
  • Germany was shifted to an Uptrend Under Pressure from a Confirmed Uptrend after the index breached its 21-DMA.
  • Fourteen of the 16 markets we track closed in the red. Ten are in a Confirmed Uptrend, four in an Uptrend Under Pressure, and two in a Rally Attempt.
  • The Netherlands recorded its third distribution day. The average distribution day count stood at 3.30.
  • All the 22 European Focus List names are trading above their 50- and 200-DMA.
  • Actionable names in the Focus List include Adyen (ADYE.NL; ADYEN:NA), Alk-Abello B (ALK.DK; ALKB:DC), Bawag Group (BWGP.AT; BG:AV), Medacta Group (MOVE.CH; MOVE:SW), Nemetschek (NEMX.DE; NEM:GR), Premier Foods (PFD.GB; PFD:LN), Sap (Xet) (SAPX.DE; SAP:GR), and Safran (SGM.FR; SAF:FP).