Market Signals For The US Stock Market And Indian Stock Market - Monday, Mar. 29

dicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

3975, 1.57%

Bullish

Bullish

Nifty

14507, -1.61%

Neutral **

Bearish

China Shanghai Index

3418, 0.40%

Neutral

Neutral

Gold

1731, -0.60%

Bearish

Bearish

WTIC Crude

60.73, -1.12%

Bearish

Bearish

Copper

4.08, -0.84%

Bearish

Bearish

Baltic Dry Index

2178, -4.52%

Bearish

Bearish

Euro

1.1794, -0.92%

Bearish

Bearish

Dollar/Yen

109.67, 0.73%

Neutral

Neutral

Dow Transports

14606, 2.99%

Neutral

Neutral

High Yield (Bond ETF)

108.51, 0.88%

Bullish

Bullish

US 10 year Bond Yield

1.67%, -1.92%

Bullish

Bullish

NYSE Summation Index

513, -23.40%

Bearish

Neutral

US Vix

18.86, -9.98%

Bullish

Bullish

Skew

146

Bearish

Bearish

20 DMA, S&P 500 500

3902, Above

Bullish

Neutral

50 DMA, S&P 500 500

3874, Above

Bullish

Neutral

200 DMA, S&P 500 500

3535, Above

Bullish

Neutral

20 DMA, Nifty

14827, Below

Neutral

Bearish

50 DMA, Nifty

14765, Below

Neutral

Bearish

200 DMA, Nifty

12609, Above

Neutral

Bullish

S & P 500 P/E

40.47

Bearish

Neutral

Nifty P/E

39.51

Neutral

Bearish

India Vix

20.65, 3.31%

Neutral

Bearish

Dollar/Rupee

72.62, 0.30%

Neutral

Neutral

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

7

5

 

Bearish Indications

8

11

 

Outlook

Bearish

 Bearish

 

Observation

The S&P 500 rallied and the Nifty fell last 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 - GDP, 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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