Market Signals For The US Stock Market And Indian Stock Market - Monday, Apr. 19

icator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4186, 1.37%

Bullish

Bullish

Nifty

14618, -1.46%

Neutral **

Bearish

China Shanghai Index

3427, -0.70%

Bearish

Bearish

Gold

1777, 1.93%

Bullish

Bullish

WTIC Crude

63.19, 6.52%

Bullish

Bullish

Copper

4.17, 3.13%

Bullish

Bullish

Baltic Dry Index

2385, 14.39%

Bullish

Bullish

Euro

1.1986, 0.76%

Bullish

Bullish

Dollar/Yen

108.81, -0.77%

Bearish

Bearish

Dow Transports

14920, 0.01%

Neutral

Neutral

High Yield (Bond ETF)

109.00, 0.10%

Neutral

Neutral

US 10 year Bond Yield

1.59%, -5.05%

Bullish

Bullish

NYSE Summation Index

719, 13.43%

Bullish

Neutral

US Vix

16.25, -2.64%

Bullish

Bullish

Skew

138

Neutral

Neutral

20 DMA, S&P 500 500

4033, Above

Bullish

Neutral

50 DMA, S&P 500 500

3951, Above

Bullish

Neutral

200 DMA, S&P 500 500

3605, Above

Bullish

Neutral

20 DMA, Nifty

14661, Below

Neutral

Bearish

50 DMA, Nifty

14862, Below

Neutral

Bearish

200 DMA, Nifty

12881, Above

Neutral

Bullish

S&P 500 P/E

42.61

Bearish

Neutral

Nifty P/E

32.84

Neutral

Bearish

India Vix

20.40, 3.12%

Neutral

Bearish

Dollar/Rupee

74.54, -0.24%

Neutral

Neutral

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

12

9

 

Bearish Indications

3

7

 

Outlook

Bullish

Bullish

 

Observation

The S&P 500 rallied and the Nifty fell 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

Eurozone – ECB rate decision, UK – Employment data, CPI, China – PBOC rate decision

   

*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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