Market Signals For The US Stock Market And Indian Stock Market - Monday, Apr. 5

ndicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4020, 1.14%

Bullish

Bullish

Nifty

14867, 2.48%

Neutral **

Bullish

China Shanghai Index

3484, 1.93%

Bullish

Bullish

Gold

1731, -0.11%

Neutral

Neutral

WTIC Crude

61.30, 0.54%

Bullish

Bullish

Copper

4.02, -1.30%

Bearish

Bearish

Baltic Dry Index

2072, -4.87%

Bearish

Bearish

Euro

1.1764, -0.27%

Neutral

Neutral

Dollar/Yen

110.71, 0.97%

Bullish

Bullish

Dow Transports

14748, 0.98%

Bullish

Bullish

High Yield (Bond ETF)

108.64, 0.12%

Neutral

Neutral

US 10 year Bond Yield

1.71%, 2.49%

Bearish

Bearish

NYSE Summation Index

501, -2.33%

Bearish

Neutral

US Vix

17.33, -8.11%

Bullish

Bullish

Skew

136

Neutral

Neutral

20 DMA, S&P 500 500

3930, Above

Bullish

Neutral

50 DMA, S&P 500 500

3888, Above

Bullish

Neutral

200 DMA, S&P 500 500

3553, Above

Bullish

Neutral

20 DMA, Nifty

14836, Above

Neutral

Bullish

50 DMA, Nifty

14748, Above

Neutral

Bullish

200 DMA, Nifty

12496, Above

Neutral

Bullish

S & P 500 P/E

40.93

Bearish

Neutral

Nifty P/E

33.60

Neutral

Bearish

India Vix

19.99, -3.21%

Neutral

Bullish

Dollar/Rupee

73.39, 1.07%

Neutral

Bearish

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

9

11

 

Bearish Indications

5

5

 

Outlook

Bullish

Bullish

 

Observation

The S&P 500 and the Nifty rallied 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 – PPI, India - RBI 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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