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 June 2017

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*
S & P 500
2438, 0.21%
Neutral
Neutral
Nifty
9575, -0.14%
Neutral **
Neutral
China Shanghai Index
3158, 1.11%
Bullish
Bullish
Gold
1256, -0.01%
Neutral
Neutral
WTIC Crude
43.01, -4.36%
Bearish
Bearish
Copper
2.62, 2.34%
Bullish
Bullish
Baltic Dry Index
855, 0.00%
Neutral
Neutral
Euro
1.1193, -0.04%
Neutral
Neutral
Dollar/Yen
111.28, 0.39%
Neutral
Neutral
Dow Transports
9389, -0.27%
Neutral
Neutral
High Yield (ETF)
37.10, 0.08%
Neutral
Neutral
US 10 year Bond Yield
2.14%, -0.60%
Bullish
Bullish
Nyse Summation Index
583, -8.61%
Bearish
Neutral
US Vix
10.02, -3.47%
Bullish
Bullish
Skew
133
Neutral
Neutral
20 DMA, S and P 500
2438, Above
Bullish
Neutral
50 DMA, S and P 500
2401, Above
Bullish
Neutral
200 DMA, S and P 500
2287, Above
Bullish
Neutral
20 DMA, Nifty
9629, Below
Neutral
Bearish
50 DMA, Nifty
9452, Above
Neutral
Bullish
200 DMA, Nifty
8816, Above
Neutral
Bullish
India Vix
11.56, 5.89%
Neutral
Bearish
Dollar/Rupee
64.47, 0.07%
Neutral
Neutral


Overall


S & P 500


Nifty


Bullish Indications
7

6

Bearish Indications
2
3

Outlook
Bullish
Bullish

Observation
The S and P 500 and the Nifty were relatively unchanged last week. Indicators are bullish.
The market is encountering resistance at these levels. Time to tighten those stops.


On the Horizon
China – PMI, Euro Zone – German Ifo business index, German employment data, Draghi speeches, Euro zone CPI, UK – Carney speeches, GDP, U.S – Durable goods, Consumer confidence, Oil inventories, Yellen speech, GDP, Canada – Poloz speech, GDP  






*Nifty
India’s Benchmark Stock Market Index


Raw Data
Courtesy Google finance, Stock charts, investing.com


**Neutral
Changes less than 0.5% are considered neutral




stock market signals june 26

The S and P 500 and the Nifty were unchanged last week. Signals are bullish for the upcoming week. Past and future FED rate hikes are yet to be priced in and sentiment indicators are back in complacency mode. Market internals and commodities are flashing major warning signs of a large decline ahead. The critical levels to watch are 2450 (up) and 2430 (down) on the S & P and 9650 (up) and 9500 (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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