Stock Market Signals for the US and Indian Stock Markets for the week of May4

Indicator	Weekly Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	-0.40%	Bearish	Bearish
Nifty	-1.50%	Neutral	Bearish
Gold	-0.20%	Neutral	Neutral
WTIC Crude	3.20%	Bullish	Bearish
Copper	7.30%	Bullish	Bullish
Baltic Dry Index	-2.20%	Bearish	Bearish
Euro	3.00%	Bullish	Bullish
Yen	-1.10%	Bullish	Bullish
Dow Transports	-1.60%	Bearish	Bearish
Nyse Summation Index	-14.10%	Bearish	Bearish
US Vix	3.30%	Bearish	Bearish
20 DMA, S and P 500	Above	Bullish	Neutral
50 DMA, S and P 500	Above	Bullish	Neutral
200 DMA, S and P 500	Above	Bullish	Neutral
20 DMA, Nifty	Below	Neutral	Bearish
50 DMA, Nifty	Below	Neutral	Bearish
200 DMA, Nifty	Below	Neutral	Bearish
Overall	S & P 500	Nifty
Bullish Indications	7	3
Bearish Indications	5	10
Outlook	Marginally Bullish	Bearish
Observation	Summation index and Vix are flashing warning signs
On the Horizon	US Payrolls, Greece, UK elections
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy yahoo finance, Stock charts