Market Signals For The US Stock Market And Indian Stock Market - Monday, May 17

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4174, -1.39%

Bearish

Bearish

Nifty

14678, -0.98%

Neutral **

Bearish

China Shanghai Index

3490, 2.09%

Bullish

Bullish

Gold

1844, 0.38%

Neutral

Neutral

WTIC Crude

65.36, 0.71%

Bullish

Bullish

Copper

4.67, -1.76%

Bearish

Bearish

Baltic Dry Index

2939, -7.67%

Bearish

Bearish

Euro

1.2141, -0.18%

Neutral

Neutral

Dollar/Yen

109.35, 0.68%

Bullish

Bullish

Dow Transports

15918, -0.16%

Neutral

Neutral

High Yield (Bond ETF)

108.82, -0.18%

Neutral

Neutral

US 10 year Bond Yield

1.64%, 3.21%

Bearish

Bearish

NYSE Summation Index

597, -20.44%

Bearish

Neutral

US Vix

18.81, 12.70%

Bearish

Bearish

Skew

139

Neutral

Neutral

20 DMA, S&P 500

4169, Above

Bullish

Neutral

50 DMA, S&P 500

4064, Above

Bullish

Neutral

200 DMA, S&P 500

3702, Above

Bullish

Neutral

20 DMA, Nifty

14630, Above

Neutral

Bullish

50 DMA, Nifty

14724, Below

Neutral

Bearish

200 DMA, Nifty

13228, Above

Neutral

Bullish

S&P 500 P/E

44.34

Bearish

Neutral

Nifty P/E

29.79

Neutral

Bearish

India Vix

20.27, -2.67%

Neutral

Bullish

Dollar/Rupee

73.30, 0.07%

Neutral

Neutral

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

6

6

 

Bearish Indications

7

8

 

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, UK – Employment data, CPI, 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

   
1 2 3
View single page >> |

Disclaimer: The views expressed here are my own and must not be taken as advice to buy or sell securities.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.