Market Signals For The US Stock Market And Indian Stock Market - Monday, March 8

 

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3842, 0.81%

Bullish

Bullish

Nifty

14938, 2.81%

Neutral **

Bullish

China Shanghai Index

3502, -0.20%

Neutral

Neutral

Gold

1698, -1.78%

Bearish

Bearish

WTIC Crude

66.26, 7.74%

Bullish

Bullish

Copper

4.10, 0.23%

Neutral

Neutral

Baltic Dry Index

1829, 9.19%

Bullish

Bullish

Euro

1.1918, -0.34%

Bearish

Bearish

Dollar/Yen

108.38, 1.69%

Bullish

Bullish

Dow Transports

13628, 2.23%

Bullish

Bullish

High Yield (Bond ETF)

108.20, 0.04%

Neutral

Neutral

US 10 year Bond Yield

1.58%, 3.32%

Bearish

Bearish

NYSE Summation Index

554, -22.66%

Bearish

Neutral

US Vix

24.66, -11.77%

Bullish

Bullish

Skew

136

Neutral

Neutral

20 DMA, S&P 500 500

3884, Below

Bearish

Neutral

50 DMA, S&P 500 500

3823, Above

Bullish

Neutral

200 DMA, S&P 500 500

3472, Above

Bullish

Neutral

20 DMA, Nifty

15027, Below

Neutral

Bearish

50 DMA, Nifty

14586, Above

Neutral

Bullish

200 DMA, Nifty

12258, Above

Neutral

Bullish

S & P 500 P/E

39.12

Bearish

Neutral

Nifty P/E

41.15

Neutral

Bearish

India Vix

25.56, -9.18%

Neutral

Bullish

Dollar/Rupee

73.19, -0.99%

Neutral

Bullish

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

8

11

 

Bearish Indications

6

5

 

Outlook

Bullish

 Bullish

 

Observation

The S&P 500 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 – ECB rate decision, UK - GDP, US – CPI, PPI, Japan - 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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