Market Signals For The US Stock Market And Indian Stock Market - Monday, Mar. 22

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

3913, -0.77%

Bearish

Bearish

Nifty

14744, -1.91%

Neutral **

Bearish

China Shanghai Index

3405, -1.40%

Bearish

Bearish

Gold

1744, 1.40%

Bullish

Bullish

WTIC Crude

61.46, -6.33%

Bearish

Bearish

Copper

4.10, -0.91%

Bearish

Bearish

Baltic Dry Index

2281, 16.38%

Bullish

Bullish

Euro

1.1904, -0.40%

Neutral

Neutral

Dollar/Yen

108.88, -0.11%

Neutral

Neutral

Dow Transports

14182, 0.18%

Neutral

Neutral

High Yield (Bond ETF)

107.56, -0.42%

Neutral

Neutral

US 10 year Bond Yield

1.73%, 5.68%

Bearish

Bearish

NYSE Summation Index

670, 5.82%

Bullish

Neutral

US Vix

20.95, 1.26%

Bearish

Bearish

Skew

142

Bearish

Bearish

20 DMA, S & P 500

3887, Above

Bullish

Neutral

50 DMA, S & P 500

3862, Above

Bullish

Neutral

200 DMA, S & P 500

3516, Above

Bullish

Neutral

20 DMA, Nifty

14902, Below

Neutral

Bearish

50 DMA, Nifty

14748, Below

Neutral

Bearish

200 DMA, Nifty

12496, Above

Neutral

Bullish

S & P 500 P/E

39.84

Bearish

Neutral

Nifty P/E

40.16

Neutral

Bearish

India Vix

19.99, -7.92%

Neutral

Bullish

Dollar/Rupee

72.41, -0.37%

Neutral

Neutral

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

5

5

 

Bearish Indications

9

10

 

Outlook

Bearish

 Bearish

 

Observation

The S&P 500 and the Nifty rallied fell week. Indicators are bearish for the week.

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

   

On the Horizon

UK - Employment data, CPI, US – GDP, China - 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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