Market Signals For The US Stock Market And Indian Stock Market - Monday, March 15

 

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3943, 2.64%

Bullish

Bullish

Nifty

15031, 0.62%

Neutral **

Bullish

China Shanghai Index

3453, -1.40%

Bearish

Bearish

Gold

1726, 1.60%

Bullish

Bullish

WTIC Crude

65.57, -0.79%

Bearish

Bearish

Copper

4.15, 1.93%

Bullish

Bullish

Baltic Dry Index

1960, 7.16%

Bullish

Bullish

Euro

1.1956, 0.33%

Neutral

Neutral

Dollar/Yen

109.05, 0.66%

Bullish

Bullish

Dow Transports

14157, 3.88%

Bullish

Bullish

High Yield (Bond ETF)

108.01, -0.18%

Neutral

Neutral

US 10 year Bond Yield

1.63%, 1.61%

Bearish

Bearish

NYSE Summation Index

633, 14.33%

Bullish

Neutral

US Vix

20.69, -16.10%

Bullish

Bullish

Skew

140

Bearish

Bearish

20 DMA, S&P 500

3881, Above

Bullish

Neutral

50 DMA, S&P 500

3841, Above

Bullish

Neutral

200 DMA, S&P 500

3494, Above

Bullish

Neutral

20 DMA, Nifty

15015, Above

Neutral

Bullish

50 DMA, Nifty

14680, Above

Neutral

Bullish

200 DMA, Nifty

12374, Above

Neutral

Bullish

S & P 500 P/E

40.15

Bearish

Neutral

Nifty P/E

40.94

Neutral

Bearish

India Vix

21.71, -15.07%

Neutral

Bullish

Dollar/Rupee

72.69, -0.67%

Neutral

Bullish

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

11

13

 

Bearish Indications

5

5

 

Outlook

Bullish

 Bullish

 

Observation

The S&P and the Nifty rallied 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 – CPI, UK - BOE rate decision, US – FOMC rate decision, Japan - BOJ 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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