Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3558, -0.77%

Bearish

Bearish

Nifty

12859, 1.09%

Neutral **

Bullish

China Shanghai Index

3378, 2.04%

Bullish

Bullish

Gold

1870, -0.87%

Bearish

Bearish

WTIC Crude

42.44, 5.76%

Bullish

Bullish

Copper

3.29, 3.56%

Bullish

Bullish

Baltic Dry Index

1148, 2.96%

Bullish

Bullish

Euro

1.1855, 0.19%

Neutral

Neutral

Dollar/Yen

103.87, -0.73%

Bearish

Bearish

Dow Transports

12232, 1.21%

Bullish

Bullish

High Yield (Bond ETF)

107.09, 0.61%

Bullish

Bullish

US 10 year Bond Yield

0.82%, -8.57%

Bullish

Bullish

NYSE Summation Index

588, 70.91%

Bullish

Neutral

US Vix

23.70, 2.60%

Bearish

Bearish

Skew

134

Neutral

Neutral

20 DMA, S and P 500

3476, Above

Bullish

Neutral

50 DMA, S and P 500

3427, Above

Bullish

Neutral

200 DMA, S and P 500

3147, Above

Bullish

Neutral

20 DMA, Nifty

12255, Above

Neutral

Bullish

50 DMA, Nifty

11833, Above

Neutral

Bullish

200 DMA, Nifty

10726, Above

Neutral

Bullish

S & P 500 P/E

35.85

Bearish

Neutral

Nifty P/E

35.36

Neutral

Bearish

India Vix

19.62, -0.43%

Neutral

Neutral

Dollar/Rupee

74.12, -0.59%

Neutral

Bullish

Overall

S & P 500

Nifty

Bullish Indications

10

12

Bearish Indications

5

5

Outlook

Bullish

Bullish

Observation

The S and P fell and the Nifty rallied last week. Indicators are bullish for the week.

The markets have begun a great depression style collapse. Watch those stops.

On the Horizon

Eurozone – German GDP, US - 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