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, 21 November 2015

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning November 23

Indicator
Weekly Level / Change / Significance
Implication for
S & P 500
Implication for Nifty*
S & P 500
2089, 3.27%
Bullish
Bullish
Nifty
7856, 1.21%
Neutral**
Bullish
China Shanghai Index
3631, 1.39%
Bullish
Bullish
Gold
1077, -0.62%
Bearish
Bearish
WTIC Crude
41.46, 1.79%
Bullish
Bullish
Copper
2.04, -5.71%
Bearish
Bearish
Baltic Dry Index
498, -11.07%
Bearish
Bearish
Euro
1.0649, -1.13%
Bearish
Bearish
Dollar/Yen
122.77, 0.14%
Neutral
Neutral
Dow Transports
8302, 3.64%
Bullish
Bullish
US 10 year Bond Yield
2.26%, -0.79%
Bullish
Bullish
Nyse Summation Index
191, -33.37%
Bearish
Neutral
US Vix
15.47, -22.96%
Bullish
Bullish
20 DMA, S and P 500
2079, Above
Bullish
Neutral
50 DMA, S and P 500
2020, Above
Bullish
Neutral
200 DMA, S and P 500
2065, Above
Bullish
Neutral
20 DMA, Nifty
7978, Below
Neutral
Bearish
50 DMA, Nifty
7984, Below
Neutral
Bearish
200 DMA, Nifty
8324, Below
Neutral
Bearish
India Vix
15.90, -9.94%
Neutral
Bullish
Dollar/Rupee
66.11, 0.02%
Neutral
Neutral





Overall
S & P 500
Nifty

Bullish Indications
9
8

Bearish Indications
5
7

Outlook
Bullish
Bullish

Observation
The Sand P 500 and the Nifty were up last week. Indicators are bullish. Markets are back at resistance and the Vix is signaling complacency. This is a holiday shortened week so market may trade in a narrow range.


On the Horizon
Japan–CPI, U.K – GDP, U.S – GDP, Personal consumption, Consumer Confidence, Durable Goods.






*Nifty
India’s Benchmark Stock Market Index


Raw Data
Courtesy Google finance, Stock charts, FXCM


**Neutral
Changes less than 0.5% are considered neutral



The US market and the Nifty rallied last week. Signals are bullish for the upcoming week. The markets are back at resistance and after this holiday shortened week and are likely to continue to correct with most emerging markets, and commodities already breaking down on a strong dollar and a hawkish FED.  The critical levels to watch are 2100 (up) and 2065 (down) on the S & P and 7900 (up) and 7700 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the markets. You can check out last week’s report for a comparison. You can also check out snapshots of the S and P 500 and Nifty Indices. Love your thoughts and feedback.



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