Market Signals For The US Stock Market And Indian Stock Market - Monday, March 1

icator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S&P 500

3811, -2.45%

Bearish

Bearish

Nifty

14529, -3.02%

Neutral **

Bearish

China Shanghai Index

3509, -5.06%

Bearish

Bearish

Gold

1732, -2.53%

Bearish

Bearish

WTIC Crude

61.62, 4.02%

Bullish

Bullish

Copper

4.11, 0.60%

Bullish

Bullish

Baltic Dry Index

1675, -1.35%

Bearish

Bearish

Euro

1.2076, -0.34%

Neutral

Neutral

Dollar/Yen

106.58, 1.09%

Bullish

Bullish

Dow Transports

13331, 0.43%

Neutral

Neutral

High Yield (Bond ETF)

108.18, -1.02%

Bearish

Bearish

US 10 year Bond Yield

1.41%, 3.32%

Bearish

Bearish

NYSE Summation Index

716, -18.65%

Bearish

Neutral

US Vix

27.95, 26.76%

Bearish

Bearish

Skew

136

Neutral

Neutral

20 DMA, S&P 500

3875, Below

Bearish

Neutral

50 DMA, S&P 500

3808, Above

Bullish

Neutral

200 DMA, S&P 500

3448, Above

Bullish

Neutral

20 DMA, Nifty

14957, Below

Neutral

Bearish

50 DMA, Nifty

14445, Above

Neutral

Bullish

200 DMA, Nifty

12108, Above

Neutral

Bullish

S&P 500 P/E

38.80

Bearish

Neutral

Nifty P/E

39.65

Neutral

Bearish

India Vix

28.14, 26.48%

Neutral

Bearish

Dollar/Rupee

73.94, 1.91%

Neutral

Bearish

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

5

5

 

Bearish Indications

10

12

 

Outlook

Bearish

 Bearish

 

Observation

The S&P 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

Eurozone – CPI, German employment data, 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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