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.

Featured post

US Stock Market Snapshot

[ View the story "US Stock Market Snapshot" on Storify ]

Ad

Sunday, 23 August 2015

Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 24

PureVPN
Indicator
Weekly Level / Change / Significance
Implication for
S & P 500
Implication for Nifty*
S & P 500
1971, -5.77%
Bearish
Bearish
Nifty
8300, -2.57%
Neutral**
Bearish
China Shanghai Index
3508, -11.54%
Bearish
Bearish
Gold
1160, 4.20%
Bullish
Bullish
WTIC Crude
40.29, -4.48%
Bearish
Bearish
Copper
2.30, -2.03%
Bearish
Bearish
Baltic Dry Index
994, -5.78%
Bearish
Bearish
Euro
1.1388, 2.62%
Bullish
Bullish
Dollar/Yen
122.07, -1.85%
Bearish
Bearish
Dow Transports
7872, -5.37%
Bearish
Bearish
US 10 year Bond Yield
2.05%, -6.47%
Bullish
Bullish
Nyse Summation Index
-392, -31.65%
Bearish
Neutral
US Vix
28.03, 118.47%
Bearish
Bearish
20 DMA, S and P 500
2083, Below
Bearish
Neutral
50 DMA, S and P 500
2091, Below
Bearish
Neutral
200 DMA, S and P 500
2078, Below
Bearish
Neutral
20 DMA, Nifty
8457, Below
Neutral
Bearish
50 DMA, Nifty
8425, Below
Neutral
Bearish
200 DMA, Nifty
8458, Below
Neutral
Bearish
India Vix
17.11, 6.84%
Neutral
Bearish
Dollar/Rupee
66.21, 1.67%
Neutral
Bearish




Overall
 S & P 500
Nifty

Bullish Indications
3
3

Bearish Indications
12
14

Outlook
Bearish
Bearish

Observation
The Sand P 500 and Nifty were down hard last week. Indicators are oversold but bearish.
The Vix is flashing crash signs.  Looking for more downside in the Nifty and the S and P 500 after an oversold bounce.


On the Horizon
US Durable Goods and Consumer Confidence, Japan and German CPI, US, UK and Swiss GDP






*Nifty
India’s Benchmark Stock Index


Raw Data
Courtesy Google finance, Stock charts, Dailyfx


**Neutral
Changes less than 0.5% are considered neutral



Signals are highly bearish for the upcoming week and markets are in crash mode. Indicators are oversold, will be looking for an oversold bounce up to 1950 on the S and P after which there will be more downside in the Nifty and the S and P 500. You can check out last weeks report for a comparison. You can also check out snapshots of the S and P 500 and Nifty Indices.

No comments:

Post a Comment

Stock Market News

World Indices


Live World Indices are powered by Investing.com

Trader Talk

An Amazing Forex Product

Market Insight

My Favorite Books

  • The Intelligent Investor
  • Liars Poker
  • One up on Wall Street
  • Beating the Street
  • Remniscience of a stock operator

See Our Pins

Trading Ideas

Forex Insight

Economic Calendar

Economic Calendar >> Add to your site

India Market Insight

Refurbished MacBooks

My Asset Allocation Strategy (Indian Market)

Cash - 40%
Bonds - 20%
Fixed deposit - 20%
Gold - 5%
Stocks - 10% ( Majority of this in dividend funds)
Other Asset Classes - 5%

My belief is that stocks are relatively overvalued compared to bonds and attractive buying opportunities can come along after 1-2 years. In a deflationary scenario no asset class does well other than U.S bonds, the U.S dollar and the Japanese yen, so better to be safe than sorry with high quality government bonds and fixed deposits. Cash is the king always. Of course this varies with the person's age.