Author: Veera Manju

WON Europe Today

Posted on by Veera Manju

Yesterday, European markets ended mixed as pessimism among investors regarding an economic slowdown continues to
haunt, while the European Central Bank President Mario Draghi views it as short‐term deceleration.

  • The Stoxx 600 was slightly up by 0.02% on higher volume, following the previous day’s increase. The index is in an
    Uptrend Under Pressure with five distribution days.
  • Key indices such as France’s CAC 40 and the U.K.’s FTSE 100 fell 0.12% and 0.03%, respectively, while Germany’s DAX
    closed flat. All the indices are in an Uptrend Under Pressure owing to the ongoing shakiness in the market.

WON Global View

Posted on by Veera Manju

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back yesterday, each picking up a sixth distribution day. Both indices closed off sessions lows and above 21-DMA support. The distribution day count is elevated, but four days will expire within six sessions beginning next Wednesday.

WON Europe Today

Posted on by Veera Manju

Yesterday, European Markets bounced back from deterioration in the last four days that was triggered by worse‐than‐expected PMI data across major economies in the region.

  • The Stoxx 600 closed 0.77% higher with almost all sectors in the green, led by Technology, Health Care, and Oil & Gas
    stocks.
  • Among major bourses, France’s CAC 40 was up 0.89%, followed by Germany’s DAX and the U.K.’s FTSE 100, which rose
    0.64% and 0.26%, respectively.
  • Of the 17 countries we cover, all closed in the green, with the exception of Luxembourg.

WON Global View

Posted on by Veera Manju

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed in the middle of their respective intraday ranges yesterday, remaining above 21-DMA support with five distribution days each. Four distribution days will expire within six sessions beginning next Wednesday. The 50-DMA is rising sharply and will likely move above the 200-DMA to act as another level of support within the next week.

WON Europe Today

Posted on by Veera Manju

Yesterday, European markets closed lower owing to investors’ continued anxiety over a possible recession after weak
macroeconomic data suggested a drag on economic growth.

  • The Stoxx 600 fell for the fifth consecutive trading session. The index was down 0.45%, on lower volume. The index is in
    an Uptrend Under Pressure owing to the distribution day accumulation reaching six and a 21‐DMA breach.
  • Among the key indices, the U.K.’s FTSE 100 fell 0.42%, followed by France’s CAC 40 and Germany’s DAX, which declined
    0.18% and 0.15%, respectively. All the indices are in an Uptrend Under Pressure owing to the gradual weakness in the
    markets.
  • Of the 17 markets we cover (including the Stoxx 600), 14 are in an Uptrend Under Pressure. The declining number of
    stock breakouts coupled with the markets in pressure signals a cautious approach to new stock additions.

WON Global View

Posted on by Veera Manju

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq were able to close off session lows and above their
respective 21-DMA yesterday. Distribution remains at five days each with no expiration until next Wednesday.

WON Europe Today

Posted on by Veera Manju

On Friday, European markets ended in the red as Germany and the U.S released weaker‐than‐expected macroeconomic data.

  • The Stoxx 600 declined 1.23% on heavy volume and added a distribution day, taking the total count to six. The down days
    during the last three trading sessions led to a weekly loss of 1.33%. However, the index continues to stay above its 200‐
    DMA and remains in a Confirmed Uptrend.
  • Among the key indices, France’s CAC 40 was down the highest at 2.03%, adding a distribution day, followed by the U.K.’s
    FTSE 100 at 2.01%. Germany’s DAX fell 1.61%, adding a distribution day. The decline was led by negative sentiment
    among investors regarding the European economy owing to the poor macroeconomic data.

WON Global View

Posted on by Veera Manju

The U.S. market remains in a Confirmed Uptrend. Following strong gains last Thursday, the S&P 500 and Nasdaq pulled back sharply into support on Friday, closing at the lows of the session with each picking up a fifth distribution day. The S&P 500 is now testing 21-DMA support, which is rising to the 2,800 level. The Nasdaq is now trading just 60bps above its 21-DMA after falling 2.5% on Friday and erasing five straight days of positive gains.

WON Europe Today

Posted on by Veera Manju

We released our weekly Global Laggards Report today (please click here to access the report).

Yesterday, most European markets closed in the red, barring the U.K. Banks and Financial Services sectors dragged the markets down for the second consecutive day, continuing their downtrend. Energy shares and weaker pound lifted the U.K.’s FTSE. France’s CAC 40 and Germany’s DAX were down 0.07% and 0.46%, respectively, on lower volume. The U.K.’s FTSE 100 gained 0.88%, on lower volume.

  • The Stoxx 600 was down 0.04%, on lower volume.
  • Banks and Financial Services sectors lost the most yesterday.
  • The U.K, Norway, Austria, Italy, Portugal, and the Netherlands closed in the green.

WON Europe Today

Posted on by Veera Manju

Yesterday, most European markets closed in the red after the European Union resisted the U.K. Prime Minister Theresa May’s plea to delay Brexit. They were also affected by the fall in German stocks.

The U.K.’s FTSE 100 lost 0.45%, with higher volume. Germany’s DAX and France’s CAC lost 1.57% and 0.80%, respectively, on higher volume.All the three indices added a distribution day.

  • The Stoxx 600 closed 0.90% in the red, with higher volume, bringing an end to the five-day rally the index had.It added one distribution day yesterday, taking the total to five.
  • All major sectors closed in the red yesterday, with the major losers being the trade-sensitive Automobile & Parts and Financial Services who lost the momentum they had for the week.
  • All major countries closed in the red.