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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Sunday, 25 December 2016

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

Indicator
Weekly Level / Change
Implication for
S & P 500
Implication for Nifty*
S & P 500
2264, 0.25%
Neutral
Neutral
Nifty
7986, -1.89%
Neutral**
Bearish
China Shanghai Index
3110, -0.41%
Neutral
Neutral
Gold
1134, -0.33%
Neutral
Neutral
WTIC Crude
53.02, 0.13%
Neutral
Neutral
Copper
2.48, -3.33%
Bearish
Bearish
Baltic Dry Index
961, 1.59%
Bullish
Bullish
Euro
1.045, 0.01%
Neutral
Neutral
Dollar/Yen
117.33, -0.53%
Bearish
Bearish
Dow Transports
9191, 0.25%
Neutral
Neutral
High Yield (ETF)
36.66, 1.02%
Bullish
Bullish
US 10 year Bond Yield
2.54%, -2.08%
Bullish
Bullish
Nyse Summation Index
467, 15.98%
Bullish
Neutral
US Vix
11.44, -6.23%
Bullish
Bullish
20 DMA, S and P 500
2239, Above
Bullish
Neutral
50 DMA, S and P 500
2186, Above
Bullish
Neutral
200 DMA, S and P 500
2132, Above
Bullish
Neutral
20 DMA, Nifty
8137, Below
Neutral
Bearish
50 DMA, Nifty
8304, Below
Neutral
Bearish
200 DMA, Nifty
8240, Below
Neutral
Bearish
India Vix
15.13, -0.82%
Neutral
Bullish
Dollar/Rupee
67.84, -0.02%
Neutral
Neutral


Overall


S & P 500


Nifty

Bullish Indications
9

5
Bearish Indications
2
6
Outlook
Bearish
Bearish
Observation
The S and P 500 was unchanged and the Nifty fell last week. Indicators are mixed.
The Trump bounce is largely over. Time to watch those stops.
On the Horizon
Japan – CPI, U.S – Consumer confidence, Trade balance
*Nifty
India’s Benchmark Stock Market Index
Raw Data
Courtesy Google finance, Stock charts, dailyfx.com
**Neutral
Changes less than 0.5% are considered neutral


The S and P 500 was unchanged and the Nifty fell last week. Signals are mixed for the upcoming week. The FED rate hike is yet to be priced in and sentiment indicators are back in complacent mode. Risky segments of the market like emerging markets are breaking down on broad dollar strength. The critical levels to watch are 2270 (up) and 2250 (down) on the S & P and 8100 (up) and 7900 (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. Love your thoughts and feedback.

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