Market Signals For The US Stock Market And Indian Stock Market - Monday, July 26

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4412, 1.96%

Bullish

Bullish

Nifty

15856, -0.42%

Neutral **

Neutral

China Shanghai Index

3550, 0.31%

Neutral

Neutral

Gold

1802,-0.72%

Bearish

Bearish

WTIC Crude

72.17, 0.50%

Bullish

Bullish

Copper

4.46, 2.83%

Bullish

Bullish

Baltic Dry Index

3199, 5.26%

Bullish

Bullish

Euro

1.1773, -0.27%

Neutral

Neutral

Dollar/Yen

110.56, 0.44%

Neutral

Neutral

Dow Transports

14756, 1.82%

Bullish

Bullish

High Yield (Bond ETF)

109.88, 0.28%

Neutral

Neutral

US 10 year Bond Yield

1.29%, -1.08%

Bullish

Bullish

NYSE Summation Index

160, -56.02%

Bearish

Neutral

US Vix

17.20, -6.78%

Bullish

Bullish

Skew

159

Bearish

Bearish

20 DMA, S&P 500

4338, Above

Bullish

Neutral

50 DMA, S&P 500

4257, Above

Bullish

Neutral

200 DMA, S&P 500

3915, Above

Bullish

Neutral

20 DMA, Nifty

15788, Above

Neutral

Bullish

50 DMA, Nifty

15613, Above

Neutral

Bullish

200 DMA, Nifty

14287, Above

Neutral

Bullish

S&P 500 P/E

34.41

Bearish

Neutral

Nifty P/E

28.28

Neutral

Bearish

India Vix

11.76, 0.49%

Neutral

Neutral

Dollar/Rupee

74.43, -0.24%

Neutral

Neutral

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

10

10

 

Bearish Indications

4

3

 

Outlook

Bullish

Bullish

 

Observation

The S&P rallied and the Nifty fell last week. Indicators are bullish for the week.

The markets are beginning a correction. Watch those stops.

   

On the Horizon

Eurozone – German employment data,  German GDP, CPI, USA - 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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