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, 27 March 2016

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning March 28

Indicator
Weekly Level / Change
Implication for
S & P 500
Implication for Nifty*
S & P 500
2036, -0.67%
Bearish
Bearish
Nifty
7717, 1.47%
Neutral**
Bullish
China Shanghai Index
2961, 0.20%
Neutral
Neutral
Gold
1217, -3.13%
Bearish
Bearish
WTIC Crude
39.59, -3.74%
Bearish
Bearish
Copper
2.24, -2.10%
Bearish
Bearish
Baltic Dry Index
401, 2.30%
Bullish
Bullish
Euro
1.117, -0.86%
Bearish
Bearish
Dollar/Yen
112.86, 1.19%
Bullish
Bullish
Dow Transports
7926, -1.85%
Bearish
Bearish
High Yield (ETF)
34.15, -1.13%
Bearish
Bearish
US 10 year Bond Yield
1.90%, 1.55%
Bearish
Bearish
Nyse Summation Index
990, 7.97%
Bullish
Neutral
US Vix
14.74, 5.14%
Bearish
Bearish
20 DMA, S and P 500
2007, Above
Bullish
Neutral
50 DMA, S and P 500
1941, Above
Bullish
Neutral
200 DMA, S and P 500
2017, Above
Bullish
Neutral
20 DMA, Nifty
7416, Above
Neutral
Bullish
50 DMA, Nifty
7364, Above
Neutral
Bullish
200 DMA, Nifty
7902, Below
Neutral
Bearish
India Vix
16.34, -0.23%
Neutral
Neutral
Dollar/Rupee
66.92, 0.80%
Neutral
Bearish


Overall


S & P 500


Nifty

Bullish Indications

6

5
Bearish Indications
9
11
Outlook
Bearish
Bearish
Observation
The Sand P 500 fell and the Nifty rallied last week. Indicators are bearish.
Markets are back at resistance. Time to tighten those stops as downside may resume any moment.
On the Horizon
China – PMI, Euro Zone - CPI, German CPI, German employment data, U.S – Trade balance, Personal consumption expenditure, Consumer confidence, Employment data, ISM, Canada - GDP
*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 fell and the Nifty rallied in a holiday shortened week. Signals are bearish for the upcoming week. The markets are back at resistance and are likely to continue major breakdowns in 2016 as the recent rally has almost concluded. A big move is imminent.  The critical levels to watch are 2050 (up) and 2030 (down) on the S & P and 7750 (up) and 7650 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the above 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.

No comments:

Post a Comment

Offers

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.