Indicator
|
Weekly Level / Change /
Significance
|
Implication for S & P
500
|
Implication for Nifty*
|
S & P 500
|
2116, 0.40%
|
Neutral**
|
Neutral
|
Nifty
|
8192, 0.10%
|
Neutral
|
Neutral
|
China Shanghai Index
|
4206, -5.3%
|
Bearish
|
Bearish
|
Gold
|
1187, 0.90%
|
Bullish
|
Bullish
|
WTIC Crude
|
59.5, 0.40%
|
Neutral
|
Neutral
|
Copper
|
2.91, -0.90%
|
Bearish
|
Bearish
|
Baltic Dry Index
|
574, -2.20%
|
Bearish
|
Bearish
|
Euro
|
1.120, 0.10%
|
Neutral
|
Neutral
|
Dollar/Yen
|
119.76, -0.3%
|
Neutral
|
Neutral
|
Dow Transports
|
8767, 0.30%
|
Neutral
|
Neutral
|
Nyse Summation Index
|
306, -37%
|
Bearish
|
Bearish
|
US Vix
|
12.86, 1.30%
|
Bearish
|
Bearish
|
20 DMA, S and P 500
|
2102, Above
|
Bullish
|
Neutral
|
50 DMA, S and P 500
|
2089, Above
|
Bullish
|
Neutral
|
200 DMA, S and P 500
|
2030, Above
|
Bullish
|
Neutral
|
20 DMA, Nifty
|
8417, Below
|
Neutral
|
Bearish
|
50 DMA, Nifty
|
8574, Below
|
Neutral
|
Bearish
|
200 DMA, Nifty
|
8271, Below
|
Neutral
|
Bearish
|
India Vix
|
19.11, 11%
|
Neutral
|
Bearish
|
Dollar/Rupee
|
63.75, 0.1%
|
Neutral
|
Neutral
|
Overall
|
S & P 500
|
Nifty
|
|
Bullish Indications
|
4
|
1
|
|
Bearish Indications
|
5
|
9
|
|
Outlook
|
Marginally Bearish
|
Bearish
|
|
Observation
|
The Sand P 500 is at the
top of its trading range while the Nifty is at the lower end of its range. The
summation index is still flashing warning signs.
|
||
On the Horizon
|
Greece, Italy and German
GDP, US PPI and retail sales
|
||
*Nifty
|
India’s
Benchmark Stock Index
|
||
Raw Data
|
Courtesy
Google finance, Stock charts
|
||
**Neutral
|
Changes
less than 0.5% are considered neutral
|
||
I have added three new indicators this week, the Chinese stock
market index, the India Vix and the Dollar/Rupee rate.
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