Market Signals For The US Stock Market And Indian Stock Market - Monday, Jan. 18

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S&P 500

3768, -1.48%

Bearish

Bearish

Nifty

14434, 0.60%

Neutral **

Bullish

China Shanghai Index

3566, -0.10%

Neutral

Neutral

Gold

1828, -0.41%

Neutral

Neutral

WTIC Crude

52.42, 0.34%

Neutral

Neutral

Copper

3.60, -2.02%

Bearish

Bearish

Baltic Dry Index

1754, 9.22%

Bullish

Bullish

Euro

1.2080, -1.13%

Bearish

Bearish

Dollar/Yen

103.89, -0.04%

Neutral

Neutral

Dow Transports

12946, 0.55%

Bullish

Bullish

High Yield (Bond ETF)

108.68, -0.31%

Neutral

Neutral

US 10 year Bond Yield

1.09%, -2.83%

Bullish

Bullish

NYSE Summation Index

938, 0.02%

Neutral

Neutral

US Vix

24.34, 12.89%

Bearish

Bearish

Skew

137

Neutral

Neutral

20 DMA, S&P 500

3747, Above

Bullish

Neutral

50 DMA, S&P 500

3668, Above

Bullish

Neutral

200 DMA, S&P 500

3300, Above

Bullish

Neutral

20 DMA, Nifty

14065, Above

Neutral

Bullish

50 DMA, Nifty

13430, Above

Neutral

Bullish

200 DMA, Nifty

11288, Above

Neutral

Bullish

S & P 500 P/E

37.97

Bearish

Neutral

Nifty P/E

39.34

Neutral

Bearish

India Vix

24.01, 16.33%

Neutral

Bearish

Dollar/Rupee

73.13, -0.27%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

6

7

 

Bearish Indications

5

6

 

Outlook

Bullish

Bullish

 

Observation

The S&P fell and the Nifty was up last week. Indicators are marginally bullish for the week.

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

   

On the Horizon

Eurozone  CPI, ECB rate decision, UK - CPI, Japan – BOJ rate decision, China – GDP, PBOC 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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