Author: Deepashree MC

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets had another positive session with 14 of the 16 indices that we track closing in the green.
    Markets continue to consolidate around their near-term support levels. We recommend that investors add risk
    coming out of proper bases in leading industry groups.
  • The Stoxx 600 gained 0.2% after finding support at its 10-DMA. Among other major indices, France’s CAC 40 is
    testing support at its 10-DMA. Germany’s DAX is facing resistance at its 10-DMA coinciding with 16,650 price level.
    The U.K.’s FTSE 100 continues to trade around July 2023 highs.
  • Among sectors, Banks, Technology, and Oil & Gas stocks gained 0.5%. Healthcare stocks were flat while Telecom
    and Utilities lagged.
  • Only Denmark and Switzerland closed in the negative territory with Switzerland recording a distribution day. New
    Focus List addition Sika (SIKA.CH; SIKA:SW) is actionable as it is forming the right side of a stage-one, cup-withhandle base.
  • Other actionable names in the Focus List include Trigano (TRI.FR; TRI:FP), Straumann Holdings (STMN.CH;
    STMN:SW), Siegfried ‘R’ (SFZN.CH; SFZN:SW), Munters Group (MUGR.SE; MTRS:SS), Nemetschek (Xet)
    (NEMX.DE; NEM:GR), ASM International (ASIN.NL; ASM:NA), Inditex (IND.ES; ITX:SM), WISE A (WISE.GB;
    WISE:LN), Adidas (ADSX.DE; ADS:GR), Beiersdorf (Xet) (BEIX.DE; BEI:GR), Ypsomed Holding (YPSN.CH;
    YPSN:SW), and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq gained 40–50bps and posted fresh 52-week highs.
Immediate support for the indices is seen along their respective 10-DMA (4,719/14,839), followed by the 21-DMA (4,655/14,595). The S&P
500 has resistance near January 2022 high of ~4,800, while the Nasdaq has resistance near the 15,320 level. The distribution day count
for both indices remains at three.

Won Europe Today

Posted on by Deepashree MC

On Friday (December 22),

  • European markets had a flat-to-positive session with 13 of the 16 indices that we track closing in the red. Markets
    continue to consolidate around their near term support levels. We recommend that investors add risk coming out of
    proper bases in leading industry groups.
  • The Stoxx 600 is testing support at its 10-DMA. Among other major indices, France’s CAC 40 is testing support at
    its 10-DMA. Germany’s DAX has broken below its 10-DMA and is testing support around 16,650 price level. The
    U.K.’s FTSE 100 continues to trade around July 2023 highs.
  • Among sectors, banks gained 0.7%. Defensives such as Healthcare and Food & Beverage gained 0.2% and 0.3%,
    respectively. Retail stocks were down 1% while Technology stocks lost 0.8%.
  • Denmark, France, and the Netherlands closed in negative territory with the Netherlands recording its second
    distribution day. New Focus list addition Recordati Chimica (REC.IT; REC:IM) is actionable after it broke out of a
    stage-one, 12-week cup base.
  • Other actionable names in the Focus List include Trigano (TRI.FR; TRI:FP), Straumann Holdings (STMN.CH;
    STMN:SW), Siegfried ‘R’ (SFZN.CH; SFZN:SW), Munters Group (MUGR.SE; MTRS:SS), Nemetschek (Xet)
    (NEMX.DE; NEM:GR), ASM International (ASIN.NL; ASM:NA), Inditex (IND.ES; ITX:SM), WISE A (WISE.GB;
    WISE:LN), Adidas (ADSX.DE; ADS:GR), Beiersdorf (Xet) (BEIX.DE; BEI:GR), Ypsomed Holding (YPSN.CH;
    YPSN:SW), and Safran (SGM.FR; SAF:FP).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rose for the eighth consecutive week despite briefly pulling
back and testing support at the 10-DMA (4,707/14,787). The S&P 500 is approaching resistance near ~4,800 (+1%) or all-time highs, while
the Nasdaq is testing resistance near the 15,320 (+2%) level. The distribution day count for both indices remains at three.

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 David Campari Milano (CPR.IT;
CPR:IM), Essity (ESSI.SE; ESSITYB:SS), and Bank of Ireland (BIRG.IE; BIRG:ID).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rebounded after taking support at their 10-DMA and were up 100–130bps yesterday. The indices continue to trade constructively above their key moving averages. Immediate support for the indices is seen along their respective 10-DMA (4,696/14,741), followed by the 21-DMA (4,632/14,503). The S&P 500 has resistance near January 2022 high of ~4,800 (+1%), while the Nasdaq has resistance near the 15,320 (+2%) level. The distribution day count for both indices remains at three.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq had a downside reversal and declined ~150bps each on
higher d/d volume, registering their third distribution day. The indices pulled back toward the short-term moving average after a strong up
move in the last few sessions. Immediate support for the indices is seen along their respective 10-DMA (4,685/14,692), followed by the 21-
DMA (4,620/14,457). The S&P 500 has resistance near January 2022 high of ~4,800 (+2%), while the Nasdaq has resistance near the
15,320 (+4%) level.

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets had a mixed session with some indices recording a distribution day. Volumes were higher. Indices are taking a breather after a sharp rally in the last few weeks. We recommend that investors add risk in stocks that are coming out of proper bases in leading industry groups.
  • The Stoxx 600 closed 0.2% higher after facing resistance at 480. It looks overbought and is extended from its key moving averages. Immediate support is at its 10-DMA (0.7% below). Among sectors, Telecom and Real Estate gained more than 1%. Banks and Industrial Goods were flat, while Autos and Technology lagged.
  • Among other major indices, France’s CAC 40 was testing support at its 10-DMA, while Germany’s DAX 30 has broken belowthis moving average. The U.K.’s FTSE 100 was facing resistance at its July 2023 highs after finding support at its 200-DMA. It remains in a Rally Attempt.
  • Among the 16 indices that we track, only seven closed in negative territory. Belgium, Norway, and Portugal recorded a distribution day each.
  • New Focus list additions Trigano (TRI.FR; TRI:FP) and Straumann Holdings (STMN.CH; STMN:SW) are actionable. Other actionable names in the Focus List include Siegfried ‘R’ (SFZN.CH; SFZN:SW), Munters Group (MUGR.SE; MTRS:SS), Sanlorenzo (SANL.IT; SL:IM), Nemetschek (Xet) (NEMX.DE; NEM:GR), ASM International (ASIN.NL; ASM:NA), Inditex (IND.ES; ITX:SM), WISE A (WISE.GB; WISE:LN), Adidas (ADSX.DE; ADS:GR), Beiersdorf (Xet) (BEIX.DE; BEI:GR), Ypsomed Holding (YPSN.CH; YPSN:SW), and Safran (SGM.FR; SAF:FP).

O’Neil Capital Equipment Sector Weekly

Posted on by Deepashree MC

Munters (MUGR.SE; MTRS SS) – $3B market cap; $54M ADV: We added Munters to the Developed Markets Focus List as the stock broke out of a stage-three consolidation base on above average volume. Munters is a market leader in
climate control solutions, including air treatment and dehumidification for data centre, electronics, and agriculture markets. It benefits from the increasing data center investments in the U.S. Since its cooling solutions do not require water and are
more efficient than conventional cooling systems, they are gaining popularity. Rising demand for electric vehicles aids revenue growth as a large share of the world’s EV battery production takes place in environments enabled by
Munters.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq gained 60–70bps on above average volume and posted
fresh 52-week highs. Immediate support for the indices is seen along their respective 10-DMA (4,682/14,672), followed by the 21-DMA
(4,613/14,425). The S&P 500 has resistance near January 2022 high of ~4,800, while the Nasdaq has resistance near the 15,320 level.
The distribution day count for both indices remains at two each.