Market Signals For The US Stock Market And Indian Stock - Monday, June 1

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3044, 3.01%

Bullish

Bullish

Nifty

9580, 5.99%

Neutral **

Bullish

China Shanghai Index

2852, 1.37%

Bullish

Bullish

Gold

1752, 1.22%

Bullish

Bullish

WTIC Crude

35.34, 7.42%

Bullish

Bullish

Copper

2.44, 1.88%

Bullish

Bullish

Baltic Dry Index

489, -1.81%

Bearish

Bearish

Euro

1.1104, 1.85%

Bullish

Bullish

Dollar/Yen

107.83, 0.19%

Neutral

Neutral

Dow Transports

8970, 5.90%

Bullish

Bullish

High Yield (Bond ETF)

101.99, 1.70%

Bullish

Bullish

US 10 year Bond Yield

0.65%, -0.67%

Bullish

Bullish

Nyse Summation Index

445, 126.47%

Bullish

Neutral

US Vix

27.51, -2.31%

Bullish

Bullish

Skew

132

Neutral

Neutral

20 DMA, S and P 500

2920, Above

Bullish

Neutral

50 DMA, S and P 500

2773, Above

Bullish

Neutral

200 DMA, S and P 500

3002, Above

Bullish

Neutral

20 DMA, Nifty

9225, Above

Neutral

Bullish

50 DMA, Nifty

8986, Above

Neutral

Bullish

200 DMA, Nifty

10982, Below

Neutral

Bearish

S & P 500 P/E

21.83

Bearish

Neutral

Nifty P/E

22.38

Neutral

Bearish

India Vix

30.22, -6.66%

Neutral

Bullish

Dollar/Rupee

75.61, -0.45%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

14

14

 

Bearish Indications

2

3

 

Outlook

Bullish

Bullish

 

Observation

The S and P 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 Employment data, ECB rate decision, US – Employment data

   
       

*Nifty

India’s Benchmark Stock Market Index

   

Raw Data

Courtesy Stock charts, investing.commultpl.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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