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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Sunday, 30 August 2015

Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 31


Indicator
Weekly Level / Change / Significance
Implication for
S & P 500
Implication for Nifty*
S & P 500
1989, 0.91%
Bullish
Bullish
Nifty
8002, -3.59%
Neutral**
Bearish
China Shanghai Index
3232, -7.85%
Bearish
Bearish
Gold
1133, -2.35%
Bearish
Bearish
WTIC Crude
45.31, 12.46%
Bullish
Bullish
Copper
2.35, 2.18%
Bullish
Bullish
Baltic Dry Index
903, -9.15%
Bearish
Bearish
Euro
1.1180, -1.83%
Bearish
Bearish
Dollar/Yen
121.73, -0.27%
Neutral
Neutral
Dow Transports
7909, 0.46%
Neutral
Neutral
US 10 year Bond Yield
2.19%, 6.43%
Bearish
Bearish
Nyse Summation Index
-612, -55.97%
Bearish
Neutral
US Vix
26.05, -7.06%
Bullish
Bullish
20 DMA, S and P 500
2043, Below
Bearish
Neutral
50 DMA, S and P 500
2075, Below
Bearish
Neutral
200 DMA, S and P 500
2075, Below
Bearish
Neutral
20 DMA, Nifty
8327, Below
Neutral
Bearish
50 DMA, Nifty
8403, Below
Neutral
Bearish
200 DMA, Nifty
8447, Below
Neutral
Bearish
India Vix
23.33, 36.31%
Neutral
Bearish
Dollar/Rupee
66.15, -0.09%
Neutral
Neutral




Overall
 S & P 500
Nifty

Bullish Indications
4
4

Bearish Indications
9
10

Outlook
Bearish
Bearish

Observation
The Sand P 500 was up from oversold levels while the Nifty was down hard last week. Indicators are bearish.
The Vix moves are flashing crash signs.  Looking for more downside in the Nifty and the S and P 500.


On the Horizon
US, Canada and German employment  data, Australia and ECB rate decisions, US and China PMI data, Euro zone CPI, Australia and Canada GDP






*Nifty
India’s Benchmark Stock Index


Raw Data
Courtesy Google finance, Stock charts, Dailyfx


**Neutral
Changes less than 0.5% are considered neutral



The markets dodged a bullet last week bouncing from over sold levels but major damage was done to the charts . Signals are bearish for the upcoming week and markets are in crash mode. There will be more downside upcoming 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.

1 comment:

  1. I like your site and very nic Post.....!!!!
    EagleRT


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