Market Signals For The US Stock Market And Indian Stock Market - Monday, Feb. 22

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S&P 500

3907, -0.71%

Bearish

Bearish

Nifty

14982, -1.20%

Neutral **

Bearish

China Shanghai Index

3696, 1.12%

Bullish

Bullish

Gold

1783, -2.07%

Bearish

Bearish

WTIC Crude

59.26, -1.84%

Bearish

Bearish

Copper

4.08, 7.29%

Bullish

Bullish

Baltic Dry Index

1698, 26.81%

Bullish

Bullish

Euro

1.2119, 0.01%

Neutral

Neutral

Dollar/Yen

105.45, 0.49%

Neutral

Neutral

Dow Transports

13274, 0.75%

Bullish

Bullish

High Yield (Bond ETF)

109.29, -0.32%

Neutral

Neutral

US 10 year Bond Yield

1.34%, 10.75%

Bearish

Bearish

NYSE Summation Index

880, -3.81%

Bearish

Neutral

US Vix

22.05, 10.42%

Bearish

Bearish

Skew

142

Bearish

Bearish

20 DMA, S&P 500

3863, Above

Bullish

Neutral

50 DMA, S&P 500

3789, Above

Bullish

Neutral

200 DMA, S&P 500

3423, Above

Bullish

Neutral

20 DMA, Nifty

14759, Above

Neutral

Bullish

50 DMA, Nifty

14321, Above

Neutral

Bullish

200 DMA, Nifty

11969, Above

Neutral

Bullish

S&P 500 P/E

39.78

Bearish

Neutral

Nifty P/E

40.88

Neutral

Bearish

India Vix

22.25, 0.94%

Neutral

Bearish

Dollar/Rupee

72.56, -0.03%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

7

7

 

Bearish Indications

8

9

 

Outlook

Bearish

 Bearish

 

Observation

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

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

   

On the Horizon

China – PBOC rate decision, UK – Employment data, Eurozone – CPI, german GDP, US - GDP

   
       

*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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