Market Signals For The US Stock Market And Indian Stock Market - Monday, Dec. 21

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3709, 1.25%

Bullish

Bullish

Nifty

13761, 1.83%

Neutral **

Bullish

China Shanghai Index

3395, 1.43%

Bullish

Bullish

Gold

1887, 2.35%

Bullish

Bullish

WTIC Crude

49.06, 5.35%

Bullish

Bullish

Copper

3.64, 3.23%

Bullish

Bullish

Baltic Dry Index

1325, 9.41%

Bullish

Bullish

Euro

1.2257, 1.21%

Bullish

Bullish

Dollar/Yen

103.31, -0.67%

Bearish

Bearish

Dow Transports

12566, -0.84%

Bearish

Bearish

High Yield (Bond ETF)

108.10, 0.04%

Neutral

Neutral

US 10 year Bond Yield

0.95%, 3.88%

Bearish

Bearish

NYSE Summation Index

1071, 0.31%

Neutral

Neutral

US Vix

21.57, -7.46%

Bullish

Bullish

Skew

147

Bearish

Bearish

20 DMA, S&P 500

3662, Above

Bullish

Neutral

50 DMA, S&P 500

3548, Above

Bullish

Neutral

200 DMA, S&P 500

3190, Above

Bullish

Neutral

20 DMA, Nifty

13293, Above

Neutral

Bullish

50 DMA, Nifty

12575, Above

Neutral

Bullish

200 DMA, Nifty

10856, Above

Neutral

Bullish

S & P 500 P/E

37.38

Bearish

Neutral

Nifty P/E

37.84

Neutral

Bearish

India Vix

18.62, -0.89%

Neutral

Bullish

Dollar/Rupee

73.58, -0.22%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

11

13

 

Bearish Indications

5

5

 

Outlook

Bullish

Bullish

 

Observation

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

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

   

On the Horizon

UK – GDP, US - GDP, 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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