Market Signals For The US Stock Market And Indian Stock Market - Monday, Dec. 28

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3703, -0.17%

Neutral

Neutral

Nifty

13749, -0.08%

Neutral **

Neutral

China Shanghai Index

3397, 0.05%

Neutral

Neutral

Gold

1883, -0.32%

Neutral

Neutral

WTIC Crude

48.30, -1.63%

Bearish

Bearish

Copper

3.57, -1.69%

Bearish

Bearish

Baltic Dry Index

1366, 3.09%

Bullish

Bullish

Euro

1.2206, -0.40%

Neutral

Neutral

Dollar/Yen

103.50, 0.18%

Neutral

Neutral

Dow Transports

12523, -0.34%

Neutral

Neutral

High Yield (Bond ETF)

108.57, 0.43%

Neutral

Neutral

US 10 year Bond Yield

0.93%, -1.27%

Bullish

Bullish

NYSE Summation Index

999, -6.76%

Bearish

Neutral

US Vix

21.53, -0.19%

Neutral

Neutral

Skew

148

Bearish

Bearish

20 DMA, S&P 500

3680, Above

Bullish

Neutral

50 DMA, S&P 500

3563, Above

Bullish

Neutral

200 DMA, S&P 500

3210, Above

Bullish

Neutral

20 DMA, Nifty

13415, Above

Neutral

Bullish

50 DMA, Nifty

12705, Above

Neutral

Bullish

200 DMA, Nifty

10901, Above

Neutral

Bullish

S & P 500 P/E

37.32

Bearish

Neutral

Nifty P/E

37.81

Neutral

Bearish

India Vix

19.97, 7.22%

Neutral

Bearish

Dollar/Rupee

73.56, -0.02%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

5

5

 

Bearish Indications

4

5

 

Outlook

Bullish

Neutral

 

Observation

The S&P and the Nifty were unchanged last week. Indicators are marginally bullish for the week.

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

   

On the Horizon

Nothing major

   
       

*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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