Market Signals For The US Stock Market S&P500 Index And Indian Stock Market Nifty Index For The Week Beginning April 15

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

2907, 0.51%

Bullish

Bullish

Nifty

11643, -0.19%

Neutral **

Neutral

China Shanghai Index

3189, -1.78%

Bearish

Bearish

Gold

1294, 0.25%

Neutral

Neutral

WTIC Crude

63.80, 1.14%

Bullish

Bullish

Copper

2.94, 1.59%

Bullish

Bullish

Baltic Dry Index

726, 2.11%

Bullish

Bullish

Euro

1.1306, 0.79%

Bullish

Bullish

Dollar/Yen

112.03, 0.29%

Neutral

Neutral

Dow Transports

10912, 1.66%

Bullish

Bullish

High Yield (ETF)

36.22, 0.70%

Bullish

Bullish

US 10 year Bond Yield

2.56%, 2.38%

Bearish

Bearish

Nyse Summation Index

1065, 6.76%

Bullish

Neutral

US Vix

12.01, -6.32%

Bullish

Bullish

Skew

124

Neutral

Neutral

20 DMA, S and P 500

2853, Above

Bullish

Neutral

50 DMA, S and P 500

2801, Above

Bullish

Neutral

200 DMA, S and P 500

2763, Above

Bullish

Neutral

20 DMA, Nifty

11563, Above

Neutral

Bullish

50 DMA, Nifty

11179, Above

Neutral

Bullish

200 DMA, Nifty

10969, Above

Neutral

Bullish

India Vix

21, 14.16%

Neutral

Bearish

Dollar/Rupee

69.16 -0.01%

Neutral

Neutral

Overall

S & P 500

Nifty

 

Bullish Indications

12

12

 

Bearish Indications

2

3

 

Outlook

Bullish

Bullish

 

Observation

The S and P 500 rallied and the Nifty was unchanged last week. Indicators are bullish for the week.

The markets are on the verge of a great depression style collapse. Watch those stops.

   

On the Horizon

US – Retail sales, Euro Zone – CPI, UK – Employment data, CPI, China - GDP

   
       

*Nifty

India’s Benchmark Stock Market Index

   

Raw Data

Courtesy Stock charts, investing.com

   

**Neutral

Changes less than 0.5% are considered neutral

   
1 2
View single page >> |

Disclaimer: The views expressed here are my own and must not be taken as advice to buy or sell securities.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.