Stocks were in a ZigZag Move! Sentiment Turn into Neutral.
Global stocks were in a zigzag move. The U.S Indexes rising and falling alternative days over the week. Finally, The benchmark indexes S&P-500, and Dow-30 Indexes closed higher for the week. On the other hand, the tech Index Nasdaq-100 closed with the red mark. The volatility increased sharply as longer-term interest rates continued their ascent. Energy shares outperformed as oil prices hit their highest levels in over a year.
The U.S Senate passes USD 1.9 trillion aid package on Friday. Payrolls climbed by 379,000, more than double the 182,000 estimated, with the unemployment rate slipping to 6.2%, beating expectations of 6.3%.
The European market shares closed higher for the week on easing Covid-19 restrictions, and supportive monetary and fiscal policies could set the stage for an economic recovery. The benchmark indexes rose about 0.51% to 2.27% as a weekly gain. The London Index FTSE-100 outperformed.
The APAC benchmark Indexes were in mixed movement. The Indexes ASX-200, Kospi-100 and HSI-50 Indexes closed with a modest weekly gain of about 0.5%. India’s Nifty-50 Index outperformed and closed above 2.5%. The Indexes CSE-50 and Nikkei-225 were closed modestly lower, about less than -0.5% as a weekly loss.
Weekly market movement
Gold continue to closed lower, about -1.75% for the week. Oil prices vault towards $70 as the OPEC-fueled crude rally continues on new production agreement reached by OPEC and other oil-producing nations. The countries agreed to keep production largely steady through April. Bitcoin price has declined from its all-time high of more than $58,000 per coin as of February 21, even as it managed to finish the month 37 per cent higher and outperform its peers. Bitcoin is currently trading within the range of USD 45000 TO USD 55000. (https://coinmarketcap.com/currencies/bitcoin/news/)
The below figures shows the news and social media sentiment trend for the week. The overall sentiment trend turns in to Neutral mode for the week. However, the U.S midcap Index Russel-2000 showing a strong uptrend in sentiment trend.
The European Indexes Dax-30 and FTSE-100 are showing a modest uptrend in the sentiment direction. The Indexes CAC-40 and FTSE-MIB in the neutral view.
The APAC benchmark indexes turn neutral to a modest downtrend for the week. The Hong Kong Index HSI-50 and China’s Shanghai Composite Index CSE-50 show a strong downtrend in the week’s sentiment direction. The rest remains neutral. On Friday, China said it’s targeting GDP growth of 6%, which is below the expectations of around 8%.
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.
For more details on the analysis, accessing complete tear sheets or white paper for the models, subscription details for News Sentiment data and other consulting works, please contact us with the information below.
InfoTrie Financial Solutions Pte. Ltd.
Alternative Data, Sentiment Analysis, Financial I.T. and A.I. Consulting
Suresh Kumar Ramani +65 9337 6035
Frederic GEORJON +33 (0)6 1304 0600