Market Signals For The US Stock Market And Indian Stock Market - Monday, May 10

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4233, 1.23%

Bullish

Bullish

Nifty

14823, 1.31%

Neutral **

Bullish

China Shanghai Index

3419, -0.81%

Bearish

Bearish

Gold

1832, 3.59%

Bullish

Bullish

WTIC Crude

64.84, 1.71%

Bullish

Bullish

Copper

4.75, 6.02%

Bullish

Bullish

Baltic Dry Index

3183, 4.26%

Bullish

Bullish

Euro

1.2163, 1.21%

Bullish

Bullish

Dollar/Yen

108.59, -0.63%%

Bearish

Bearish

Dow Transports

15943, 3.89%

Bullish

Bullish

High Yield (Bond ETF)

109.02, -0.17%

Neutral

Neutral

US 10 year Bond Yield

1.58%, -2.88%

Bullish

Bullish

NYSE Summation Index

750, 1.59%

Bullish

Neutral

US VIX

16.69, -10.32%

Bullish

Bullish

Skew

146

Bearish

Bearish

20 DMA, S&P 500

4172, Above

Bullish

Neutral

50 DMA, S&P 500

4034, Above

Bullish

Neutral

200 DMA, S&P 500

3679, Above

Bullish

Neutral

20 DMA, Nifty

14598, Above

Neutral

Bullish

50 DMA, Nifty

14730, Above

Neutral

Bullish

200 DMA, Nifty

13057, Above

Neutral

Bullish

S&P 500 P/E

44.97

Bearish

Neutral

Nifty P/E

30.23

Neutral

Bearish

India Vix

20.82, -9.58%

Neutral

Bullish

Dollar/Rupee

73.25, -1.07%

Neutral

Bullish

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

13

15

 

Bearish Indications

4

4

 

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

US – CPI, PPI, UK – 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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