Global Indexes Mixed in Direction With the Mixed Sentiments.
Global Indexes mixed in direction. The major U.S benchmark Indexes closed lower, about -0.71% to -1.57%, on Walmart’s report of weaker-than-expected earnings. However, The Dow-30 Index closed by a modest weekly gain of about 0.11%. The Nasdaq Composite index was hitting record intraday highs before closing down. U.S. retail sales rose 5.3% in January compared with the previous month. The sales of existing homes rose 0.6% in January compared with December. The value share outperformed the growth stocks. The trend of Small-cap stocks’ outperformed the large-cap peers was interrupted.
The European market was mixed in direction. The Indexes CAC-40 AND FTSE-100 closed higher, about 0.52% to 1.23%, supported by the companies posting encouraging quarterly earnings. However, The DAX-30 Index and FTSE-MIB Indexes completed negatively, about -0.4% to -1.17%. The U.K Prime Minister Boris Johnson says the lockdown easing will be done in stages and cautiously.
The APAC benchmark Indexes closed higher for the week, about 0.23% to 1.69%. However, The Indexes ASX-200 and Nifty-50 sealed with red mark about -0.19% to -1.2%. The Japan Index Nikkei-225 outperformed and crossed the longtime watching level of 30,000 milestones for more than 30 years on an economic rebound. However, The core inflation of Japan was down 0.6% compared to its last year.
Weekly market movement
Gold closed lower about -2.5% as a weekly loss. The Sentiment remains bearish for the week. Crude closed lower, about 0.4 % for the week.
The next target of bitcoin (BTC) Bitcoin sets at $60K. Elon Musk tweeted yesterday that bitcoin (BTC-USD) prices “seem high” after the cryptocurrency market value passed $1 trillion on Friday. (https://coinmarketcap.com/currencies/bitcoin/news/)
The below figures illustrates the news and social media sentiment trend for the week. The Sentiment remains mixed globally. The U.S Indexes S&P-500 and Russel-2000 Indexes shows a negative trend in sentiment direction for the week.
The Sentiment trend for the European Indexes CAC-40 and FTSE-100 turns bearish for the week. On the other hand, The German benchmark Index Dax-30 showing a strong uptrend in the sentiment direction.
The Sentiment direction for the APAC benchmark indexes remains mixed. The Australian benchmark Index ASX-200 is showing a strong downtrend for the week. On the other side, the Indexes SSE-50 and Nifty-50 showing a strong uptrend in sentiment direction. The rest remains neutral.
Sentiment Trend Chart
Note: The sentiment scores applied as an additional overlay to your existing models to further improve performance.
Buy & Sell Signals
The below table shows the buy/sell signals generated based on InfoTrie’s proprietary Investment/ Trading models. These models developed using technical, fundamental, quantitative techniques and the news-based sentiment score as an additional overlay.
I have tabulated the random signals from several InfoTrie’s Trading/Investment models.
The news sentiment score provides a significant improvement, significant “Alpha” compared to the traditional investment/trading models.
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