Market Signals For The US Stock Market And Indian Stock Market - Monday, Apr. 11

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4129, 2.71%

Bullish

Bullish

Nifty

14835, -0.22%

Neutral **

Neutral

China Shanghai Index

3451, -0.97%

Bearish

Bearish

Gold

1745, 1.05%

Bullish

Bullish

WTIC Crude

59.34, -3.43%

Bearish

Bearish

Copper

4.05, 1.42%

Bullish

Bullish

Baltic Dry Index

2085, 0.63%

Bullish

Bullish

Euro

1.1898, 1.16%

Bullish

Bullish

Dollar/Yen

109.67, -0.94%

Bearish

Bearish

Dow Transports

14918, 1.15%

Bullish

Bullish

High Yield (Bond ETF)

108.89, 0.23%

Neutral

Neutral

US 10 year Bond Yield

1.66%, -2.54%

Bullish

Bullish

NYSE Summation Index

633, 26.43%

Bullish

Neutral

US Vix

16.69, -3.69%

Bullish

Bullish

Skew

133

Neutral

Neutral

20 DMA, S&P 500 500

3984, Above

Bullish

Neutral

50 DMA, S&P 500 500

3914, Above

Bullish

Neutral

200 DMA, S&P 500 500

3578, Above

Bullish

Neutral

20 DMA, Nifty

14763, Above

Neutral

Bullish

50 DMA, Nifty

14816, Above

Neutral

Bullish

200 DMA, Nifty

12797, Above

Neutral

Bullish

S & P 500 P/E

42.04

Bearish

Neutral

Nifty P/E

33.53

Neutral

Bearish

India Vix

19.79, -1.01%

Neutral

Bullish

Dollar/Rupee

74.73, 1.86%

Neutral

Bearish

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

12

12

 

Bearish Indications

4

5

 

Outlook

Bullish

Bullish

 

Observation

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

The markets are about to begin a great depression style collapse. Watch those stops.

   

On the Horizon

US – CPI, Eurozone – CPI, UK – GDP, China – GDP

   

*Nifty

India’s Benchmark Stock Market Index

   

Raw Data

Courtesy Stock charts, investing.com, multpl.com, NSE

   

**Neutral

Changes less than 0.5% are considered neutral

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

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