Market Signals For The US Stock Market And Indian Stock Market - Monday, Apr. 26

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4180, -0.13%

Neutral

Neutral

Nifty

14341, -1.89%

Neutral **

Bearish

China Shanghai Index

3474, 1.39%

Bullish

Bullish

Gold

1777, -0.13%

Neutral

Neutral

WTIC Crude

62.05, -1.71%

Bearish

Bearish

Copper

4.34, 4.15%

Bullish

Bullish

Baltic Dry Index

2788, 16.90%

Bullish

Bullish

Euro

1.2100, 0.98%

Bullish

Bullish

Dollar/Yen

107.88, -0.82%

Bearish

Bearish

Dow Transports

15133, 1.43%

Bullish

Bullish

High Yield (Bond ETF)

109.12, 0.11%

Neutral

Neutral

US 10 year Bond Yield

1.56%, -1.18%

Bullish

Bullish

NYSE Summation Index

687, -4.44%

Bearish

Neutral

US Vix

17.33, 6.65%

Bearish

Bearish

Skew

140

Bearish

Bearish

20 DMA, S&P 500 500

4095, Above

Bullish

Neutral

50 DMA, S&P 500 500

3976, Above

Bullish

Neutral

200 DMA, S&P 500 500

3630, Above

Bullish

Neutral

20 DMA, Nifty

14593, Below

Neutral

Bearish

50 DMA, Nifty

14825, Below

Neutral

Bearish

200 DMA, Nifty

12958, Above

Neutral

Bullish

S&P 500 P/E

42.56

Bearish

Neutral

Nifty P/E

32.07

Neutral

Bearish

India Vix

22.69, 11.21%

Neutral

Bearish

Dollar/Rupee

74.93, 0.54%

Neutral

Bearish

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

9

7

 

Bearish Indications

6

10

 

Outlook

Bullish

Bearish

 

Observation

The S&P 500 was unchanged and the Nifty fell last week. Indicators are mixed for the week.

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

   

On the Horizon

US – FOMC rate decision, Eurozone – German GDPGerman Employment data, CPI, Japan –BOJ 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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