Market Signals For The US Stock Market And Indian Stock Market - Monday, Feb. 15

ndicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S&P 500

3935, 1.23%

Bullish

Bullish

Nifty

15163, 1.60%

Neutral **

Bullish

China Shanghai Index

3655, 4.54%

Bullish

Bullish

Gold

1825, 0.64%

Bullish

Bullish

WTIC Crude

59.72, 5.05%

Bullish

Bullish

Copper

3.80, 4.78%

Bullish

Bullish

Baltic Dry Index

1335, 0.45%

Neutral

Neutral

Euro

1.2120, 0.65%

Bullish

Bullish

Dollar/Yen

104.92, -0.42%

Neutral

Neutral

Dow Transports

13175, 3.02%

Bullish

Bullish

High Yield (Bond ETF)

109.65, 0.36%

Neutral

Neutral

US 10 year Bond Yield

1.21%, 3.08%

Bearish

Bearish

NYSE Summation Index

915, 22.21%

Bullish

Neutral

US Vix

19.97, -4.31%

Bullish

Bullish

Skew

138

Neutral

Neutral

20 DMA, S&P 500

3842, Above

Bullish

Neutral

50 DMA, S&P 500

3770, Above

Bullish

Neutral

200 DMA, S&P 500

3402, Above

Bullish

Neutral

20 DMA, Nifty

14585, Above

Neutral

Bullish

50 DMA, Nifty

14136, Above

Neutral

Bullish

200 DMA, Nifty

11823, Above

Neutral

Bullish

S & P 500 P/E

40.06

Bearish

Neutral

Nifty P/E

41.58

Neutral

Bearish

India Vix

22.04, -5.86%

Neutral

Bullish

Dollar/Rupee

72.60, -0.30%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

12

13

 

Bearish Indications

2

2

 

Outlook

Bullish

 Bullish

 

Observation

The S&P 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

Japan – GDP, UK – CPI

   
       

*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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