Market Signals For The US Stock Market And Indian Stock Market - Monday, Jan. 25

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S&P 500

3842, 1.94%

Bullish

Bullish

Nifty

14372, -0.43%

Neutral **

Neutral

China Shanghai Index

3607, 1.13%

Bullish

Bullish

Gold

1855, 2.52%

Bullish

Bullish

WTIC Crude

51.99, -0.40%

Neutral

Neutral

Copper

3.62, 1.18%

Bullish

Bullish

Baltic Dry Index

1810, 3.19%

Bullish

Bullish

Euro

1.2168, 0.75%

Bullish

Bullish

Dollar/Yen

103.75, -0.12%

Neutral

Neutral

Dow Transports

12857, -0.69%

Bearish

Bearish

High Yield (Bond ETF)

108.95, 0.24%

      Neutral

Neutral

US 10 year Bond Yield

1.09%, -0.17%

      Neutral

      Neutral

NYSE Summation Index

930, -0.87%

Bearish

Neutral

US Vix

21.91, -9.98%

Bullish

Bullish

Skew

146

Bearish

Bearish

20 DMA, S&P 500

3773, Above

Bullish

Neutral

50 DMA, S&P 500

3694, Above

Bullish

Neutral

200 DMA, S&P 500

3325, Above

Bullish

Neutral

20 DMA, Nifty

14290, Above

Neutral

Bullish

50 DMA, Nifty

13651, Above

Neutral

Bullish

200 DMA, Nifty

11440, Above

Neutral

Bullish

S&P 500 P/E

38.71

Bearish

Neutral

Nifty P/E

38.86

Neutral

Bearish

India Vix

22.42, -6.61%

Neutral

Bullish

Dollar/Rupee

72.99, -0.18%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

10

11

 

Bearish Indications

4

3

 

Outlook

Bullish

Bullish

 

Observation

The S&P rallied 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  German employment data, German GDP, UK – employment data, US – FOMC rate decision, 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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