Market Signals For The US Stock Market And Indian Stock Market - Monday, Jan. 4

dicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3756, 1.43%

Bullish

Bullish

Nifty

14019, 1.96%

Neutral **

Bullish

China Shanghai Index

3473, 2.25%

Bullish

Bullish

Gold

1902, 0.98%

Bullish

Bullish

WTIC Crude

48.44, 0.44%

Neutral

Neutral

Copper

3.52, -1.19%

Bearish

Bearish

Baltic Dry Index

1366, 0.00%

Neutral

Neutral

Euro

1.2134, -0.57%

Bearish

Bearish

Dollar/Yen

103.24, -0.23%

Neutral

Neutral

Dow Transports

12507, -0.13%

Neutral

Neutral

High Yield (Bond ETF)

108.94, 0.36%

Neutral

Neutral

US 10 year Bond Yield

0.92%, -2.35%

Bullish

Bullish

NYSE Summation Index

954, -4.55%

Bearish

Neutral

US Vix

22.75, 5.67%

Bearish

Bearish

Skew

148

Bearish

Bearish

20 DMA, S&P 500

3698, Above

Bullish

Neutral

50 DMA, S&P 500

3586, Above

Bullish

Neutral

200 DMA, S&P 500

3235, Above

Bullish

Neutral

20 DMA, Nifty

13639, Above

Neutral

Bullish

50 DMA, Nifty

12917, Above

Neutral

Bullish

200 DMA, Nifty

10993, Above

Neutral

Bullish

S & P 500 P/E

37.85

Bearish

Neutral

Nifty P/E

38.45

Neutral

Bearish

India Vix

19.56, -2.04%

Neutral

Bullish

Dollar/Rupee

73.09, -0.61%

Neutral

Bullish

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

7

10

 

Bearish Indications

5

5

 

Outlook

Bullish

Bullish

 

Observation

The S&P 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 employment data, CPI, US - Employment data

   

*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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