Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning February 19
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
S
& P 500
|
2732, 4.30%
|
Bullish
|
Bullish
|
Nifty
|
10452, -0.03%
|
Neutral
**
|
Neutral
|
China
Shanghai Index
|
3199, 2.21%
|
Bullish
|
Bullish
|
Gold
|
1356, 3.08%
|
Bullish
|
Bullish
|
WTIC
Crude
|
61.55, 3.97%
|
Bullish
|
Bullish
|
Copper
|
3.25, 7.09%
|
Bullish
|
Bullish
|
Baltic
Dry Index
|
1089, -1.54%
|
Bearish
|
Bearish
|
Euro
|
1.2405, 1.25%
|
Bullish
|
Bullish
|
Dollar/Yen
|
106.22, -2.35%
|
Bearish
|
Bearish
|
Dow
Transports
|
10502, 3.61%
|
Bullish
|
Bullish
|
High
Yield (ETF)
|
36.32, 1.79%
|
Bullish
|
Bullish
|
US
10 year Bond Yield
|
2.88%, 1.70%
|
Bearish
|
Bearish
|
Nyse
Summation Index
|
-84, -53.79%
|
Bearish
|
Neutral
|
US
Vix
|
19.46, -33.04%
|
Bullish
|
Bullish
|
Skew
|
132
|
Neutral
|
Neutral
|
20
DMA, S and P 500
|
2751, Below
|
Bearish
|
Neutral
|
50
DMA, S and P 500
|
2725, Above
|
Bullish
|
Neutral
|
200
DMA, S and P 500
|
2547, Above
|
Bullish
|
Neutral
|
20
DMA, Nifty
|
10781, Below
|
Neutral
|
Bearish
|
50
DMA, Nifty
|
10591, Below
|
Neutral
|
Bearish
|
200
DMA, Nifty
|
10071, Above
|
Neutral
|
Bullish
|
India
Vix
|
16.38, -14.83%
|
Neutral
|
Bullish
|
Dollar/Rupee
|
64.39, 0.25%
|
Neutral
|
Neutral
|
Overall
|
S
& P 500
|
Nifty
|
|
Bullish
Indications
|
11
|
11
|
|
Bearish
Indications
|
5
|
5
|
|
Outlook
|
Bullish
|
Bullish
|
|
Observation
|
The
S and P 500 rebounded and the Nifty was unchanged last week. Indicators are bullish.
The
markets have made important tops. Time to watch those stops.
|
|
|
On
the Horizon
|
Australia
– RBA minutes, Euro Zone – German ZEW
economic sentiment, German GDP, German PMI, CPI, ECB minutes, German IFO
business climate index, UK – Carney
speech, Employment data, GDP, U.S
– Oil inventories, FOMC minutes, Home sales, Canada – Retail sales, CPI
|
|
|
|
|
|
|
*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
|
|
|
chart source: marketwatch.com
The S and
P 500 rebounded and the Nifty was little changed last week. Indicators are bullish
for the upcoming week. Quantitative tightening by the FED is yet to be priced
in fully. The markets are still trading well over 3 standard deviations above
their long term averages from which corrections usually result. Divergences in
high yield, transports and surging bond yields are flashing warning signs. An
interest rate shock can’t be ruled out. Indian market volatility is below US
market volatility so there is complacency and some catch up left on the down
side. The critical levels to watch are 2740
(up) and 2720 (down) on the S &
P and 10550 (up) and 10350 (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.
Market Insight
-
-
Duncker Streett & Co. Inc. Acquires 245 Shares of Visa Inc. (NYSE:V)
-
Duncker Streett & Co. Inc. increased its holdings in shares of Visa Inc.
(NYSE:V – Free Report) by 2.0% during the fourth quarter, according to the
company...
1 hour ago
-
Passive Income Strategies Put Your Money To Work–All You Have To Do Is Watch
-
The right kinds of bond funds, dividend-raising stocks and annuities can
put some of your wealth, and even your retirement, on autopilot.
1 hour ago
-
Living on Uneasy Street
-
*It's nice to anticipate sunny weather, but it's a good idea to carry an
umbrella just in case the forecasts prove overly optimistic. *
*Yes, the market w...
2 hours ago
-
Friday links: not taking enough risk
-
Markets
- TIPS are on sale. Time to buy. (morningstar.com)
- Two reasons why yields are higher this year. (carsongroup.com)
- The stock-bond cor...
2 hours ago
-
Deutsche Bank's Asia Private Banking Workforce Slashed Amid Restructuring
Efforts: Report
-
Deutsche Bank reportedly streamlines Asia private banking workforce,
cutting ten roles amidst broader restructuring, reflecting industry
challenges.
rea...
3 hours ago
-
Chart of the Day: Retail Sales, Unemployment & Inflation
-
Have you missed any of Mike Carr's charts in Money & Markets Daily? See his
recent coverage on retail sales, unemployment and inflation.
The post Chart o...
4 hours ago
-
This Stock Operates Like a Machine, Just Like the Company’s Stores
-
This Stock Operates Like a Machine, Just Like the Company’s Stores
As hard as it is to say, I’m still bullish on the consumer. It feels so
wrong, which is ...
6 hours ago
-
MiB: Ashish Shah, CIO, Public Investing, Goldman Sachs Asset Management
-
This week, we speak with Ashish Shah, Chief Investment Officer,
Public Investing, Goldman Sachs Asset Management. Previously, he was
co-head of Go...
6 hours ago
-
Daily Market Brief
-
Subscriber content. To subscribe to the Daily Market Brief please visit
Market Services on NorthmanTrader.com. The Daily Market Brief is an
in-depth market...
10 hours ago
-
Debt Rattle April 19 2024
-
Francesco Hayez The Death of the Doge Marin Faliero 1867 • Why the Fix Is
in for Trump (Victoria Taft) • N.Y. Gives Trump The Anne Boleyn Treatment
(Po...
10 hours ago
-
Homelessness Epidemic: the Public Sector is a Welfare Program
-
California’s homeless crisis proves the public sector is a welfare
program and political tool. The California State Auditor released a report
this month ...
15 hours ago
-
U.S. Cities Fall Into A “Doom Loop” As The CRE Crisis Absolutely Explodes
-
In the entire history of the United States, we have never witnessed an
urban collapse of this magnitude. During the pandemic, millions of
Americans star...
21 hours ago
-
Total Number of Stocks Is Shrinking
-
[image: total number of nyse nasdaq issues traded]
The major averages may still be trending higher, but the total numbers of
issues traded on the NYSE an...
22 hours ago
-
S&P 500 Yearly & Quarterly Pivot Levels | April - June 2024
-
First week of January breached Yearly Mid Resistance Level 1 (YMR1) at
4,781 to the upside. March consolidated above Yearly Resistance Level 1
(YR1). April...
1 day ago
-
Tracking inflation with sugar and sweets?
-
Inflation reflects how prices of goods and services in the economy are
changing. One measure of inflation is the consumer price index (CPI), which
is the c...
1 day ago
-
How Investors Can Seize Opportunities in NVDA Amid Market Volatility
-
According to Todd Gordon, the founder of Inside Edge Capital, NVIDIA
Corporation (NVDA) is a strong buy despite a recent pullback. The chart
analyst also s...
1 day ago
-
S&P 500 PE Ratio
-
*Current S&P 500 PE Ratio:* 27.20
12:00 AM EDT, Thu Apr 18
1 day ago
-
Financial Nihilism Is A Symptom Of Society Gone Sick (You Need To Know This
Concept)
-
I am not a financial nihilist and I reject those that advocate for it,
because it goes totally against sound money management principles that use
conservat...
3 days ago
-
Shifting Wind
-
Weekly report covering Gold, Equities, Crude, Dollar. A look at trade
opportunities and covering the model portfolio.
The post Shifting Wind appeared fir...
5 days ago
-
-
Unveiling the Golden Opportunity: Maximizing Profits with GLD
-
Are you ready to seize the golden opportunity in trading? In our last
analysis, we forecasted a monumental breakout in the gold market, and the
results h...
1 week ago
-
Get More Out of Your Trades: Dukascopy Bank SA Cuts Withdrawal Fees
-
Dukascopy Bank SA would like to announce the reduction of withdrawal
transfer fees on trading products, as follows:
*Old fees* *New reduced fees*
3.5 EUR...
2 weeks ago
-
Weekend Update - Trendline rejection (3/8/24)
-
SPX was rejected by the blue trendline Friday. The trendline had been
sucessfully tested four times and held since November, until now. SPX has
unable ...
5 weeks ago
-
Catastrophic Risk: Investing and Business Implications
-
In the context of valuing companies, and sharing those valuations, I do
get suggestions from readers on companies that I should value next. While I
d...
2 months ago
-
Hello world!
-
Welcome to WordPress. This is your first post. Edit or delete it, then
start writing!
2 months ago
-
Teaching Johns Hopkins A Privilege Lesson
-
by Not Sure01/12/24Johns Hopkins Hospital Chief Diversity Officer Sherita
Hill Golden sent a letter out essentially implying that all people who
don’t look...
3 months ago
-
Mungerisms: Timeless Wisdom from Charlie Munger on Life and Business
-
"Mungerisms" are succinct expressions of wisdom and insights coined by
Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren
Buffett's longtim...
4 months ago
-
If You Find Deer or Elk Antlers on the Ground, Leave Them There, Say Some
States
-
Even though elk do shed their antlers naturally, collecting them brings up
a number of ethical issues.
6 months ago
-
It’s Crunch Time for The Daily Doom and Doom Time for The Great Recession
Blog
-
The Great Recession Blog is officially done for good, and it remains to be
seen if all my writing continues on TheDailyDoom.com. If my writing on
economi...
9 months ago
-
Innovative Industrial Properties Stock a Great Way to Play Pot Sector
-
*IIPR Stock Represents a Long-Term Opportunity*
Marijuana stocks briefly attracted investors' attention following the 2022
mid-term elections, when Maryl...
1 year ago
-
2008 analogue
-
The 2008 analogue tape looks very interesting from where we stand.
Let's anchor it to the next two Fed meetings -- since that's all that
matters -- and i...
1 year ago
-
Back to trade with Bar Replay
-
It is often said that one should not be sad about the past, but sometimes
it can be nice to return to it. Who would like to buy Tesla for $1 and
experience...
1 year ago
-
After This Holiday Rally, You Better Know When To Walk Away
-
This week’s investor insight will make you think twice about the current
stock and bond rally as we head into the end of the year. We get a lot of
questi...
1 year ago
-
How Africa Can Escape Chronic Food Insecurity Amid Climate Change
-
The toll of extreme weather events on crops underscores the region’s
challenges and need for policies to save lives and protect livelihoods.
1 year ago
-
12 Bear Market Rules To Live By – Survive & Thrive In The Next Bear Market
-
12 Bear Market Rules To Live By – Survive & Thrive In The Next Bear Market
[image: Bear Market Rules Survival Guide]
I grew up in the 1970s-1980s when th...
1 year ago
-
Growth Companies – Getting What You Want
-
What do the growth companies in your field have in common? How are they
doing so well and what can you learn from them? Growth companies usually
make a pro...
1 year ago
-
-
Blog Post Title
-
What goes into a blog post? Helpful, industry-specific content that: 1)
gives readers a useful takeaway, and 2) shows you’re an industry expert.
Use your c...
2 years ago
-
Foot Locker Crushed Q2 Earnings Expectations Sending Stock Higher
-
Plus, AstraZeneca said its antibody therapy reduced the risk of developing
COVID-19 symptoms by 77%, The Topps Co’s SPAC merger is off, and Elon Musk
annou...
2 years ago
-
Elliott Wave Stock Market Update - July 10th
-
The market has continued its rally to higher highs and it doesn't seem like
it wants to stop. We now have a new ATH at 4371 which are NASDAQ levels
s...
2 years ago
-
The Psychology of QE is Far More Important Than the Amount of It
-
Let's discuss what QE really does vs the psychology of QE.
2 years ago
-
Hello world!
-
Welcome to WordPress. This is your first post. Edit or delete it, then
start writing!
3 years ago
-
Trading: Opportunities Are Dispersed
-
Opportunities are dispersed. You might have an... *READ THE REST OF THE
ARTICLE ON THE NEW WEBSITE: JIM ROGERS TALKS MARKETS *
*Jim Rogers is a legendary i...
3 years ago
-
Market Signals for the US stock market S and P 500 Index and Indian Stock
Market Nifty Index for the Week beginning November 09
-
Indicator Weekly Level / Change Implication for S & P 500 Implication for
Nifty* S & P 500 3509, 7.32% Bullish Bullish Nifty 12264, 5.34% Neutral **
Bullis...
3 years ago
-
-
Fully Automated Trend Trading w/ Stocks Or Options
-
There’s a lot of research to support the usage of trend indicators as
simple risk reduction elements that can be layered onto an existing
strategy. Howev...
3 years ago
-
2020 Top Investment Picks – Q3 Update
-
At the beginning of the year, I put together a list of Top Investment Picks
for 2020 from the investment community and track them on this website. This
is ...
3 years ago
-
Upside-Down Markets: Profits, Inflation and Equity Valuation in Fiscal
Policy Regimes
-
I just published a new long-form piece through OSAM entitled “Upside-Down
Markets: Profits, Inflation and Equity Valuation in Fiscal Policy Regimes.”
In th...
3 years ago
-
The last of 12326
-
February 22nd 2012.....
First post...
https://permabeardoomster.blogspot.com/2012/02/can-anyone-fly-plane.html
--
This post will be the last under the o...
3 years ago
-
-
6/7 to 10/7, 2020 Nifty & Bank Nifty, Bharat Forge, IBhasgFin & RIL.
Weekly futures Pr...
3 years ago
-
Ultramarathoner Runs Over 200 Miles in Backyard, Wins Golden Toilet Paper
Roll
-
Strange times indeed. In the land “BC,” before coronavirus, people ran long
distances in foot races, and toilet paper wasn’t coveted. Things have
changed. ...
4 years ago
-
One Year Later
-
A year ago today I lost my father and my best friend, everyone here lost
their mentor and a friend. Dad and I spent the last 7 years of his life
living tog...
4 years ago
-
-
Advanced Micro Devices (AMD) Retreating Towards Key Support Around
$25.60-$27
-
AMD has failed to clear the
2018 high around $34.20. It is retreating, and has broken an
August/September sup...
4 years ago
-
Advanced Search is Now on Stocktwits
-
Advanced Search Is Now on Stocktwits
Come rain or shine, the Stocktwits community shares over 200,000 messages
per day. That includes charts, news, trade i...
4 years ago
-
Nightly Algo Report – December 6, 2018
-
To access this post, you must purchase Premium Plan or Premium Plan -
Annual.
The post Nightly Algo Report – December 6, 2018 appeared first on
Elliottwa...
5 years ago
-
Don’t be Fooled by the Pullback in the Dollar Because….
-
Don’t be fooled by the pullback in the U.S. dollar today because the
greenback could still strengthen further before the end of the year. Nearly
all of the...
5 years ago
-
A look at the bull market ahead
-
My latest missive on the near-term stock market outlook can be seen at
Financial Sense web site. You can see it by clicking on the following link:
https:/...
6 years ago
-
Weekly Videos
-
This week’s video will be posted on the new home for Short Takes. If all
goes well, it will appear sometime between 6:00 and 8:00 pm ET.
6 years ago
-
Gold Miners near a buy zone
-
Gold cleared a several month long consolidation a few weeks ago as it
cleared $1300, and has since been consolidating as it drifts back to […]
The post G...
6 years ago
-
Current Account Deficits and Safe Assets
-
The International Monetary Fund has issued its External Sector Report for
2017, and among its key findings: “Global current account imbalances were
broadly...
6 years ago
-
Kafka For The Twenty First Century
-
I've been spending a slightly frustrating day trying to update my payment
details at google. To log in to my admin console I need to log in using my
G Sui...
7 years ago
-
Gold Unleashed by Fed
-
Gold's next major upleg was likely unleashed by a very-dovish FOMC this
week, which now has its hands tied on hiking rates or being hawkish due to
the US e...
7 years ago
-
August 24th Blogger Sentiment Poll
-
There are more bulls than bears in this week's poll. Blogger Sentiment Poll
Participants: 24/7 Wall St (N) Carl Futia (+) Dash of Insight (+) Elliot
Wave L...
14 years ago
My Favorite Books
- The Intelligent Investor
- Liars Poker
- One up on Wall Street
- Beating the Street
- Remniscience of a stock operator
Forex Insight
-
-
Japanese Yen Sentiment Analysis & Outlook: USD/JPY, EUR/JPY, GBP/JPY
-
This article presents a detailed analysis of retail sentiment on the
Japanese yen, examining three key currency pairs: USD/JPY, EUR/JPY, and
GBP/JPY. Moreo...
4 hours ago
-
Euro edges higher, ECB eyes June cut
-
Euro recovers after dip The euro fell as much as 0.30% earlier but has
recovered and edged higher. In the North American session, EUR/USD is
trading at 1.0...
5 hours ago
-
Can The Market Really Trade Against You?
-
If you’ve done your trading preparation and stuck to your trading plan and
you STILL lose your trade, can you then blame the markets?
7 hours ago
-
Don’t be Fooled by the Pullback in the Dollar Because….
-
Don’t be fooled by the pullback in the U.S. dollar today because the
greenback could still strengthen further before the end of the year. Nearly
all of the...
5 years ago
-
EUR/USD Weekly Outlook
-
EUR/USD's decline attempt was contained at 1.0494, above 1.0493 support and
rebounded. Initial bias stays neutral this week first. On the upside, break
of ...
7 years ago
-
Loonie and Aussie Share Downward Bond
-
In yesterday’s post (Tide is Turning for the Aussie), I explained how a
prevailing sense of uncertainty in the markets has manifested itself in the
form of...
12 years ago
India Market Insight
-
After Chamkila fever, watch this documentary film on the Mirasi folk
singers of Punjab
-
[image: After Chamkila fever, watch this documentary film on the Mirasi
folk singers of Punjab] A documentary celebrating the history of Punjab̢۪s
Muslim ...
1 hour ago
-
King Narasimhadeva & The Old lady: A Motivational Story From Ancient Odisha
-
That was the time Utkala (current Odisha) was ruled by king Narasimhadeva I
of Eastern Ganga Dynasty. The king had a vision to create a temple to
worship...
3 hours ago
-
Rupee falls 29 paise to close at 82.68 against US dollar
-
During the day, the rupee touched a high of 82.45 and a low of 82.68
against the greenback. On Friday, the rupee had settled at 82.39 against
the dollar.
10 months ago
-
-
ES Hourly cloud and 4 Hour chart
-
- ES Hour moving towards the hourly cloud which may act as resistance.
- 4 Hour chart shows a possible bullish candle which may give new high's
...
2 years ago
-
JUST NIFTY BLOG 10-01-2020
-
Bulk Deals FII DII Stats Date # of Deals Total Volume (In Millions)
01-01-1970 0 0.00 Click here to see all Bulk Deals Date Category Buy Amount
(Rs. Cror...
4 years ago
-
Vist Note on Federal Bank
-
We recently met the senior management of Federal Bank which is one of the
old private sector banks with a distribution network of 1252 branches (48%
Kerala...
6 years ago
-
Nifty Bulls bounces ferociously holding 9930,EOD Analysis
-
FII's bought 4.8 K contract of Index Future worth 262 cores ,9.7 K Long
contract were added by FII's and 4.8 K Short contracts were added by FII's.
Net Ope...
6 years ago
-
Midcap & Smallcap Index Corrects, Lets Come Back To Fundamentals Again
-
Midcap Index had made a high of 18511 on 16th May 2017, fell almost 7% and
is currently trading at 17230. Smallcap Index made all time high of 7679 on
11th...
6 years ago
-
Market outlook for 30/10/2016
-
*Nifty closed up 22.75 points (0.26%) at 8638.00* while Future closed at
8667.40, premium of 29.40 points.
*Bank Nifty closed up 41.35 points (0.21%) at 19...
7 years ago
-
Option Open Interest for 28-10-2016
-
Inference The index opened flat to positive and after making an initial low
around 8581 saw some short covering to close at 8638.00, gain of 22.75
points. ...
7 years ago
-
Market Review for 23rd August 2016
-
*Nifty (8629)* we said ‘technically trend is still intact but there exists
selling pressure near 8746 and support around 8600 zones’ the Nifty
unfolded as...
7 years ago
-
ITC To Resume Cigarette Manufacturing
-
ITC manufactures a range of cigarette brands, including India Kings,
Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are
manufactur...
8 years ago
-
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.
Thanks for providing this valuable information
ReplyDeleteMcx tips