Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3664, -0.96%

Bearish

Bearish

Nifty

13514, 1.93%

Neutral **

Bullish

China Shanghai Index

3347, -2.83%

Bearish

Bearish

Gold

1844, 0.20%

Neutral

Neutral

WTIC Crude

46.55, 0.63%

Bullish

Bullish

Copper

3.53, 0.27%

Neutral

Neutral

Baltic Dry Index

1211, 1.17%

Bullish

Bullish

Euro

1.2113, -0.06%

Neutral

Neutral

Dollar/Yen

104.04, -0.11%

Neutral

Neutral

Dow Transports

12672, -0.55%

Bearish

Bearish

High Yield (Bond ETF)

108.06, -0.20%

Neutral

Neutral

US 10 year Bond Yield

0.90%, -7.87%

Bullish

Bullish

NYSE Summation Index

1068, 13.26%

Bullish

Neutral

US Vix

23.31, 12.12%

Bearish

Bearish

Skew

140

Bearish

Bearish

20 DMA, S&P 500

3636, Above

Bullish

Neutral

50 DMA, S&P 500

3518, Above

Bullish

Neutral

200 DMA, S&P 500

3174, Above

Bullish

Neutral

20 DMA, Nifty

13077, Above

Neutral

Bullish

50 DMA, Nifty

12360, Above

Neutral

Bullish

200 DMA, Nifty

10805, Above

Neutral

Bullish

S & P 500 P/E

37.08

Bearish

Neutral

Nifty P/E

37.16

Neutral

Bearish

India Vix

18.79, 4.23%

Neutral

Bearish

Dollar/Rupee

73.74, -0.03%

Neutral

Neutral

Overall

S & P 500

Nifty

Bullish Indications

7

7

Bearish Indications

6

7

Outlook

Bullish

Neutral

Observation

The S&P fell and the Nifty made new highs last week. Indicators are marginally bullish for the week.

The markets have begun a great depression style collapse. Watch those stops.

On the Horizon

Eurozone – CPI, UK – Employment data, CPI, BOE rate decision, US - FOMC rate decision, 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