About

Rajveer Rawlin received his MBA in finance from the Cardiff Metropolitan University, Wales, UK. He is an avid market watcher having followed capital markets in the US and India since 1993. His research interests includes areas of Capital Markets, Banking, Investment Analysis and Portfolio Management and has over 20 years of experience in the above areas covering the US and Indian Markets. He has several publications in the above areas. The views expressed here are his own and should not be construed as advice to buy or sell securities.

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning June 26

Indicator Weekly Level / Change Implication for S & P 500 Implication for Nifty* ...

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Saturday, 30 May 2015

Stock Market Signals for the US and Indian Stock Markets for the Upcoming Week beginning June 1

Indicator
Weekly Level / Change / Significance
Implication for
S & P 500
Implication for Nifty*
S & P 500
2107, -0.88%
Bearish
Bearish
Nifty
8434, -0.30%
Neutral**
Neutral
China Shanghai Index
4612, -0.99%
Bearish
Bearish
Gold
1191, -1.24%
Bearish
Bearish
WTIC Crude
60.23, 0.40%
Neutral
Neutral
Copper
2.73, -2.04%
Bearish
Bearish
Baltic Dry Index
589, 0.51%
Bullish
Bullish
Euro
1.099, -0.231%
Neutral
Neutral
Dollar/Yen
124.13, 2.08%
Bullish
Bullish
Dow Transports
8300, -2.15%
Bearish
Bearish
US 10 year Bond Yield
2.10%, -5.42%
Bullish
Bullish
Nyse Summation Index
175, -36.21%
Bearish
Bearish
US Vix
13.84, 14.10%
Bearish
Bearish
20 DMA, S and P 500
2112, Below
Bearish
Neutral
50 DMA, S and P 500
2099, Above
Bullish
Neutral
200 DMA, S and P 500
2042, Above
Bullish
Neutral
20 DMA, Nifty
8301, Above
Neutral
Bullish
50 DMA, Nifty
8438, Below
Neutral
Bearish
200 DMA, Nifty
8324, Above
Neutral
Bullish
India Vix
16.66, -1.71%
Neutral
Bullish
Dollar/Rupee
63.74, 0.40%
Neutral
Neutral




Overall
 S & P 500
Nifty

Bullish Indications
5
6

Bearish Indications
8
8

Outlook
Bearish
Marginally Bearish

Observation
The Sand P 500 is putting in a short term top while the Nifty outperformed last week. The summation index and transports are implying deteriorating market internals. The Vix is also indicating a topping process in the market.


On the Horizon
Greece, PMI’s from US and UK, Australia (RBA), India (RBI), ECB and UK rate decisions, US and Canada employment data.






*Nifty
India’s Benchmark Stock Index


Raw Data
Courtesy Google finance, Stock charts


**Neutral
Changes less than 0.5% are considered neutral


You can check out last weeks report for a comparison.

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