Market Signals For The US Stock Market And Indian Stock Market - Monday, Jan. 11

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S & P 500

3825, 1.83%

Bullish

Bullish

Nifty

14347, 2.35%

Neutral **

Bullish

China Shanghai Index

3570, 2.79%

Bullish

Bullish

Gold

1850, -2.72%

Bearish

Bearish

WTIC Crude

52.72, 8.66%

Bullish

Bullish

Copper

3.69, 4.92%

Bullish

Bullish

Baltic Dry Index

1606, 17.57%

Bullish

Bullish

Euro

1.2221, 0.07%

Neutral

Neutral

Dollar/Yen

103.97, 0.75%

Bullish

Bullish

Dow Transports

12876, 2.95%

Bullish

Bullish

High Yield (Bond ETF)

109.01, 0.06%

Neutral

Neutral

US 10 year Bond Yield

1.12%, 20.35%

Bearish

Bearish

NYSE Summation Index

937, -1.68%

Bearish

Neutral

US Vix

21.56, -5.23%

Bullish

Bullish

Skew

139

Neutral

Neutral

20 DMA, S&P 500 500

3717, Above

Bullish

Neutral

50 DMA, S&P 500 500

3619, Above

Bullish

Neutral

200 DMA, S&P 500 500

3269, Above

Bullish

Neutral

20 DMA, Nifty

13836, Above

Neutral

Bullish

50 DMA, Nifty

13148, Above

Neutral

Bullish

200 DMA, Nifty

11130, Above

Neutral

Bullish

S & P 500 P/E

38.54

Bearish

Neutral

Nifty P/E

39.45

Neutral

Bearish

India Vix

20.64, 5.52%

Neutral

Bearish

Dollar/Rupee

73.34, 0.30%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

11

12

 

Bearish Indications

4

4

 

Outlook

Bullish

Bullish

 

Observation

The S&P 500 and the Nifty were up 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

Eurozone  German GDP, UK - GDP, US - CPI, PPI

   

*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

 
1 2 3
View single page >> |

Disclaimer: The views expressed here are my own and must not be taken as advice to buy or sell securities.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.