Market Signals For The US Stock Market And Indian Stock Market - Monday, Feb. 8

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S & P 500

3887, 4.65%

Bullish

Bullish

Nifty

14924, 9.46%

Neutral **

Bullish

China Shanghai Index

3496, 0.38%

Neutral

Neutral

Gold

1815, -1.90%

Neutral

Neutral

WTIC Crude

57.08, 9.35%

Bullish

Bullish

Copper

3.64, 2.36%

Bullish

Bullish

Baltic Dry Index

1333, -8.20%

Bearish

Bearish

Euro

1.2049, -0.72%

Bearish

Bearish

Dollar/Yen

105.42, 0.71%

Bullish

Bullish

Dow Transports

12789, 5.80%

Bullish

Bullish

High Yield (Bond ETF)

109.26, 0.79%

Bullish

Bullish

US 10 year Bond Yield

1.17%, 9.19%

Bearish

Bearish

NYSE Summation Index

748, 4.72%

Bullish

Neutral

US Vix

20.87, -36.93%

Bullish

Bullish

Skew

135

Neutral

Neutral

20 DMA, S&P 500

3815, Above

Bullish

Neutral

50 DMA, S&P 500

3742, Above

Bullish

Neutral

200 DMA, S&P 500

3376, Above

Bullish

Neutral

20 DMA, Nifty

14430, Above

Neutral

Bullish

50 DMA, Nifty

13923, Above

Neutral

Bullish

200 DMA, Nifty

11679, Above

Neutral

Bullish

S & P 500 P/E

39.57

Bearish

Neutral

Nifty P/E

41.46

Neutral

Bearish

India Vix

23.42, -7.61%

Neutral

Bullish

Dollar/Rupee

72.82, -0.09%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

11

12

 

Bearish Indications

4

4

 

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

UK – GDP, US – 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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