Market Signals For The US Stock Market And Indian Stock Market - Monday, May 31

Indicator

Weekly Level / Change

Implication for

S&P 500

Implication for Nifty*

S&P 500

4204, 1.16%

Bullish

Bullish

Nifty

15436, 1.72%

Neutral **

Bullish

China Shanghai Index

3601, 3.28%

Bullish

Bullish

Gold

1905, 1.12%

Bullish

Bullish

WTIC Crude

66.66, 4.84%

Bullish

Bullish

Copper

4.67, 4.26%

Bullish

Bullish

Baltic Dry Index

2596, -9.52%

Bearish

Bearish

Euro

1.2194, 0.12%

Neutral

Neutral

Dollar/Yen

109.86, 0.84%

Bullish

Bullish

Dow Transports

15750, 1.77%

Bullish

Bullish

High Yield (Bond ETF)

108.91, 0.15%

Neutral

Neutral

US 10 year Bond Yield

1.58%, -2.40%

Bullish

Bullish

NYSE Summation Index

592, 10.47%

Bullish

Neutral

US Vix

16.76, -16.82%

Bullish

Bullish

Skew

155

Bearish

Bearish

20 DMA, S&P 500

4168, Above

Bullish

Neutral

50 DMA, S&P 500

4115, Above

Bullish

Neutral

200 DMA, S&P 500

3744, Above

Bullish

Neutral

20 DMA, Nifty

14936, Above

Neutral

Bullish

50 DMA, Nifty

14762, Above

Neutral

Bullish

200 DMA, Nifty

13429, Above

Neutral

Bullish

S&P 500 P/E

44.66

Bearish

Neutral

Nifty P/E

28.98

Neutral

Bearish

India Vix

17.40, -8.79%

Neutral

Bullish

Dollar/Rupee

72.41, -0.56%

Neutral

Bullish

 

 

Overall

 

 

S&P 500

 

 

Nifty

 

 

Bullish Indications

13

15

 

Bearish Indications

3

3

 

Outlook

Bullish

Bullish

 

Observation

The S and 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 – German employment data, CPI, US - Employment data, India – RBI 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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