STIXi relative performance v/s all other indices since 01-APR-08

One picture is equal to 1000 words...! So they say...

Interesting to note that while all the other indices had made lower highs and lower bottoms during May-08, the broad based STIXi made a double-top! Clear sign of bearish times to come.

Cheers

Sundar

Relative performance of various indices in MAY-08

Returns of indices for the month of MAY-08

• STIXi -4.36%
• NIFTY -5.73%
• Sensex -5.06%
• CNX 500 -6.22%
• CNX 100 -6.39%
• Nifty Junior -10.35%
• CNX Midcap -6.31%
• Nifty Midcap50 -5.38%
• BSE 500 -5.96%
• BSE 200 -5.53%
• BSE 100 -5.51%
• BSE Midcap -5.30%
• BSE Smallcap -7.30%

Cheers

STIXi values for 16th May 2008 and market review.

• Open: 1125.7
• High: 1151.69
• Low : 1107.39
• Close : 1132.89
• Prev. Close: 1119.22

Returns since 01-APR-2008

STIXi : 13.28%
Nifty : 8.82%
CNX 500 : 9.97%
CNX 100 : 9.55%
SENSEX : 11.57%

STIXi

• 5Day EMA 1115.11
• 9Day EMA 1111.88
• 12Day EMA 1109.11
• 20Day EMA 1094.89
• RSI @ 68.04
• ROC @ 0.58

On a day when the broader market was up significantly, STIXi's share of volume of NSE EQ universe of stocks has gone down marginally by about 1.85% over the previous day while that of turnover went down by 3.56%.

STIXi volume moved up by about 3.5% and while the turnover was static as compared to previous 5 day averages.

ROC has moved into positive territory.

As indicated in the previous post, the market ended positive for the day. Chart patterns since 2nd week of Apr 2008, look like a Bullish flag formation. If so, then in STIXi, the volume breakout trigger appears to have taken place 15th May itself. On the frontline indices, the trigger appears to have taken place today (16th). If indeed it is a bullish flag formation, with the height of the flagpole being about 280-300 points, we might be looking at Nifty levels around 5450 shortly.

Cheers

STIXi values for 15-MAY-2008 and market review

STIXi values for 15-MAY-2008

• Open: 1109.2
• High: 1137.93
• Low : 1090.02
• Close : 1119.22
• Prev. Close: 1100.47

STIXi Returns since 01-APR-2008 : 11.92%
Nifty Returns since 01-APR-2008 : 7.93%
CNX 500 Returns since 01-APR-2008 : 8.95%
CNX 100 Returns since 01-APR-2008 : 8.60%
SENSEX Returns since 01-APR-2008 : 11.05%

STIXi

• 5Day EMA 1106.23
• 9Day EMA 1106.63
• 12Day EMA 1104.78
• 20Day EMA 1090.89
• RSI @ 64.77
• ROC @ -0.49

STIXi's share of volume of NSE EQ universe of stocks has gone up sharply by about 2.5% over the previous day while that of turnover is up by 3.25% and they are at their peak today at 56.96% and 71.28% respectively.

STIXi volume and turnover for the day are more sharply up by 3.5% and 13% respectively over previous 5 day averages.

ROC though is still in negative-to-neutral territory.

The previously indicated probable Head-and-Shoulder pattern on most indices over the past three weeks stands negated with this sharp break-out accompanied by jump in STIXi volumes. Short term trend is up for the broader market, with NIFTY likely to aim for 61.8% retracement of its recent fall - though action may be restricted to front-line or quality stocks, unless fundamental cues such as Inflation Number (due out today) and Crude prices etc spring a surprise.

Cheers

STIXi values for 14-MAY-2008 and market review

STIXi values for 14-MAY-2008

• Open: 1084.1
• High: 1121.56
• Low : 1065.11
• Close : 1100.47
• Prev. Close: 1086.37

STIXi Returns since 01-APR-2008 : 10.04%
Nifty Returns since 01-APR-2008 : 5.74%
CNX 500 Returns since 01-APR-2008 : 6.91%
CNX 100 Returns since 01-APR-2008 : 6.44%
SENSEX Returns since 01-APR-2008 : 8.65%

STIXi

• 5Day EMA 1099.73
• 9Day EMA 1103.49
• 12Day EMA 1102.19
• 20Day EMA 1087.91
• RSI @ 59.49
• ROC @ -0.84

STIXi's share of volume of NSE EQ universe of stocks has gone up by about 1% over the previous day while that of turnover is up by 1.2%. However the broad market upmove has happened with sharply lesser volumes & turnover today. Further STIXi volume and turnover for the day are down 4.04% and 3.08% respectively over previous 5 day averages.

ROC has started turning up again, though still near neutral to negative territory. Stochastics (5,3) and (14,3) still indicating a BUY. STIXi has closed over its 5 day EMA and in the process seems to have reversed from its 20DEMA.

Lack of volumes on a good upmove day makes this move unconvincing.

Cheers

STIXi values for 12-May-2008 and market review

STIXi values for 12-MAY-2008

• Open: 1081.57
• High: 1110.17
• Low : 1045.95
• Close : 1089.73
• Prev. Close: 1091.48

STIXi Returns since 01-APR-2008 : 8.97%
Nifty Returns since 01-APR-2008 : 5.72%
CNX 500 Returns since 01-APR-2008 : 6.52%
CNX 100 Returns since 01-APR-2008 : 6.29%
SENSEX Returns since 01-APR-2008 : 7.90%

For the day, while the large-cap centric indices advanced, rest were either flat or negative, with the BSE SMALLCAP index falling much sharply. STIXi closed marginally down (-0.16%), though the opening was very weak.

STIXi

• 5Day EMA 1105.85
• 9Day EMA 1108.71
• 12Day EMA 1105.39
• 20Day EMA 1086.61
• RSI @ 56.21
• ROC @ -0.33

STIXi's share of volume of NSE EQ universe of stocks has gone down by 1.4% over the previous day while that of turnover is up by 1%. The STIXi volume and turnover for the day are up 1.2% and down 4.8% respectively over previous 5 day averages.

ROC is trying to reverse the falling trend and is presently (near) neutral. Stochastics (5,3) has given a 'BUY' indication. However there are no confirmations from other indicators.

Market may be in a consolidatory mood or may stage a minor pullback for the day. Broad market trend remains negative.

Cheers

Relative performance of STIXi v/s other indices - review

STIXi seems to be holding upto its promise. As evidenced in this chart, it appears pretty balanced and has outperformed most other indices since its inception. And it seems capable of holding the down-side better. It is early days...got to wait and see for few more months and volatile periods in market to evaluate it better.

Cheers