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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Saturday, 11 February 2017

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning February 13

Indicator
Weekly Level / Change
Implication for
S & P 500
Implication for Nifty*
S & P 500
2316, 0.81%
Bullish
Bullish
Nifty
8794, 0.60%
Neutral**
Bullish
China Shanghai Index
3197, 1.80%
Bullish
Bullish
Gold
1236, 1.24%
Bullish
Bullish
WTIC Crude
53.86, 0.06%
Neutral
Neutral
Copper
2.77, 5.81%
Bullish
Bullish
Baltic Dry Index
702, -6.65%
Bearish
Bearish
Euro
1.064, -1.34%
Bearish
Bearish
Dollar/Yen
113.28, 0.51%
Bullish
Bullish
Dow Transports
9394, 1.65%
Bullish
Bullish
High Yield (ETF)
36.90, 0.05%
Neutral
Neutral
US 10 year Bond Yield
2.41%, -3.29%
Bullish
Bullish
Nyse Summation Index
686, 4.85%
Bullish
Neutral
US Vix
10.85, -1.09%
Bullish
Bullish
20 DMA, S and P 500
2285, Above
Bullish
Neutral
50 DMA, S and P 500
2265, Above
Bullish
Neutral
200 DMA, S and P 500
2166, Above
Bullish
Neutral
20 DMA, Nifty
8591, Above
Neutral
Bullish
50 DMA, Nifty
8331, Above
Neutral
Bullish
200 DMA, Nifty
8375, Above
Neutral
Bullish
India Vix
13.18, 0.38%
Neutral
Neutral
Dollar/Rupee
66.86, -0.46%
Neutral
Neutral


Overall


S & P 500


Nifty

Bullish Indications
12

12
Bearish Indications
2
2
Outlook
Bullish
Bullish
Observation
The S and P 500 and the Nifty rallied last week. Indicators are bullish.
The market is in melt up mode. Time to watch those stops.
On the Horizon
China – New loans, PPI, CPI, Japan – GDP, Australia – Employment data, U.K – CPI, Euro zone – German GDP, Euro zone GDP, Italy GDP, ZEW survey, G20 meeting, U.S –Retail sales, CPI, Yellen testimony
*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

stock market signals february 13

The S and P 500 and the Nifty moved up last week. Signals are bullish for the upcoming week. Possible FED rate hikes are yet to be priced in and sentiment indicators are back in complacent mode. The Baltic dry index is crashing again. The critical levels to watch are 2325 (up) and 2300 (down) on the S & P and 8850 (up) and 8750 (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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