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

Monday, 18 September 2017

Daily Market Insight

Here is your daily insight from global financial markets. Today's post is an aggregate of interesting news and views form the Stock, FOREX, Commodity markets and the Economy:

Saturday, 16 September 2017

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning September 18


Indicator
Weekly Level / Change
Implication for
S & P 500
Implication for Nifty*
S & P 500
2500, 1.58%
Bullish
Bullish
Nifty
10085, 1.52%
Neutral **
Bullish
China Shanghai Index
3353, -0.35%
Neutral
Neutral
Gold
1325, -1.92%
Bearish
Bearish
WTIC Crude
49.89, 5.08%
Bullish
Bullish
Copper
2.95, -3.04%
Bearish
Bearish
Baltic Dry Index
1361, 5.02%
Bullish
Bullish
Euro
1.1945, -0.75%
Bearish
Bearish
Dollar/Yen
110.88, 2.85%
Bullish
Bullish
Dow Transports
9546, 1.73%
Bullish
Bullish
High Yield (ETF)
37.17, 0.65%
Bullish
Bullish
US 10 year Bond Yield
2.20%, 6.84%
Bearish
Bearish
Nyse Summation Index
536, 54.40%
Bullish
Neutral
US Vix
10.17, -16.09%
Bullish
Bullish
Skew
145
Bearish
Bearish
20 DMA, S and P 500
2463, Above
Bullish
Neutral
50 DMA, S and P 500
2462, Above
Bullish
Neutral
200 DMA, S and P 500
2375, Above
Bullish
Neutral
20 DMA, Nifty
9927, Above
Neutral
Bullish
50 DMA, Nifty
9917, Above
Neutral
Bullish
200 DMA, Nifty
9187, Above
Neutral
Bullish
India Vix
11.68, -9.91%
Neutral
Bullish
Dollar/Rupee
64.13, 0.26%
Neutral
Neutral


Overall


S & P 500


Nifty


Bullish Indications
11

11

Bearish Indications
5
6

Outlook
Bullish
Bullish

Observation
The S and P 500 made a new high and the rallied last week. Indicators are bullish.
The market is topping. Time to tighten those stops.


On the Horizon
New Zealand – GDP, UK – Retail sales, Euro Zone – CPI, German ZEW economic sentiment, German PMI, U.S – Home sales, Oil inventories, FOMC rate decision, Canada – CPI, Retail sales






*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 september 18
The S and P 500 made a new high and the Nifty moved up last week. Signals are bullish for the upcoming week. The markets are still trading at 3 standard deviations above their long term averages from which corrections usually result. The critical levels to watch are 2510 (up) and 2490 (down) on the S & P and 10150 (up) and 10000 (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.

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.