Key points from this week’s report:
Please refer to the attached PDF for the full report.
- The Stoxx 600 is trading at an all-time high with key short-term support at its 10-DMA. The index remains in a Confirmed Uptrend with no distribution.
- Of the 17 indices we cover, 10 are in a Confirmed Uptrend, one in a Rally Attempt (Germany), and six in an Uptrend Under Pressure. The average distribution count is at a low of 2.6 days.
- Over the past month, rotation has turned in favor of growth sectors, including Technology and Consumer Cyclical. Refer to page 12 and 18 for actionable ideas.
- European Focus List: