Market Signals For The US Stock Market And Indian Stock Market - Monday, Feb. 1

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3714, -3.31%

Bearish

Bearish

Nifty

13635, -5.13%

Neutral **

Bearish

China Shanghai Index

3483, -3.43%

Bearish

Bearish

Gold

1850, -0.36%

Neutral

Neutral

WTIC Crude

52.13, -0.27%

Neutral

Neutral

Copper

3.54, -2.37%

Bearish

Bearish

Baltic Dry Index

1452, -19.78%

Bearish

Bearish

Euro

1.2138, -0.24%

Neutral

Neutral

Dollar/Yen

104.70, 0.89%

Bullish

Bullish

Dow Transports

12088, -5.98%

Bearish

Bearish

High Yield (Bond ETF)

108.41, -0.49%

Neutral

Neutral

US 10 year Bond Yield

1.07%, -2.25%

Bullish

Bullish

NYSE Summation Index

715, -23.11%

Bearish

Neutral

US Vix

33.09, 51.03%

Bearish

Bearish

Skew

134

Neutral

Neutral

20 DMA, S&P 500

3792, Below

Bearish

Neutral

50 DMA, S&P 500

3716, Below

Bearish

Neutral

200 DMA, S&P 500

3350, Above

Bullish

Neutral

20 DMA, Nifty

14285, Below

Neutral

Bearish

50 DMA, Nifty

13743, Below

Neutral

Bearish

200 DMA, Nifty

11539, Above

Neutral

Bullish

S & P 500 P/E

37.82

Bearish

Neutral

Nifty P/E

36.57

Neutral

Bearish

India Vix

25.34, 13.02%

Neutral

Bearish

Dollar/Rupee

72.91, -0.10%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

3

3

 

Bearish Indications

10

11

 

Outlook

Bearish

Bearish

 

Observation

The S&P and the Nifty fell last week. Indicators are bearish for the week.

The markets are about to begin a great depression style collapse. Watch those stops.

   

On the Horizon

UK – BOE rate decision, US – employment data, India – union budget, 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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