Stock Market Signals for the US and Indian Stock Markets for the Upcoming Week beginning June 22

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2110, 0.76%	Bullish	Bullish
Nifty	8225, 3.03%	Neutral**	Bullish
China Shanghai Index	4478, -13.32%	Bearish	Bearish
Gold	1200, 1.63%	Bullish	Bullish
WTIC Crude	59.69, -0.42%	Neutral	Neutral
Copper	2.57, -3.83%	Bearish	Bearish
Baltic Dry Index	779, 21.34%	Bullish	Bullish
Euro	1.1365, 0.94%	Bullish	Bullish
Dollar/Yen	122.70, -0.95%	Bearish	Bearish
Dow Transports	8412,- 0.06%	Neutral	Neutral
US 10 year Bond Yield	2.27%, -4.95%	Bullish	Bullish
Nyse Summation Index	-199, -33%	Bearish	Neutral
US Vix	13.96, 1.31%	Bearish	Bearish
20 DMA, S and P 500	2104, Above	Bullish	Neutral
50 DMA, S and P 500	2106, Above	Bullish	Neutral
200 DMA, S and P 500	2050, Above	Bullish	Neutral
20 DMA, Nifty	8177, Above	Neutral	Bullish
50 DMA, Nifty	8302, Below	Neutral	Bearish
200 DMA, Nifty	8352, Below	Neutral	Bearish
India Vix	15.09, -13.69%	Neutral	Bullish
Dollar/Rupee	63.47, -0.98%	Neutral	Bullish
Overall	S & P 500	Nifty
Bullish Indications	8	9
Bearish Indications	5	6
Outlook	Bullish	Bullish
Observation	The Sand P 500 rallied as expected last week while the Nifty outperformed significantly. The Vix is flashing warning signs. Market cycles are positive till July so a rally is likely next week.
On the Horizon	Greece negotiations, US, French and Italy Quarterly GDP, Japan CPI
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts
**Neutral	Changes less than 0.5% are considered neutral

Signals are bullish for the upcoming week. You can check out last weeks report for a comparison.