Indicator
|
Weekly Level / Change /
Significance
|
Implication for
S & P 500
|
Implication for Nifty*
|
S & P 500
|
1958, -0.15%
|
Neutral
|
Neutral
|
Nifty
|
7982, 2.47%
|
Neutral**
|
Bullish
|
China Shanghai Index
|
3098, -3.20%
|
Bearish
|
Bearish
|
Gold
|
1139, 2.82%
|
Bullish
|
Bullish
|
WTIC Crude
|
45.32, 1.21%
|
Bullish
|
Bullish
|
Copper
|
2.38, -2.94%
|
Bearish
|
Bearish
|
Baltic Dry Index
|
960, 17.36%
|
Bullish
|
Bullish
|
Euro
|
1.1300, -0.31%
|
Neutral
|
Neutral
|
Dollar/Yen
|
119.52, -0.89%
|
Bearish
|
Bearish
|
Dow Transports
|
8036, -0.19%
|
Neutral
|
Neutral
|
US 10 year Bond Yield
|
2.13%, -2.43%
|
Bullish
|
Bullish
|
Nyse Summation Index
|
-377, 27.91%
|
Bullish
|
Neutral
|
US Vix
|
22.28, -3.97%
|
Bullish
|
Bullish
|
20 DMA, S and P 500
|
1953, Above
|
Bullish
|
Neutral
|
50 DMA, S and P 500
|
2039, Below
|
Bearish
|
Neutral
|
200 DMA, S and P 500
|
2069, Below
|
Bearish
|
Neutral
|
20 DMA, Nifty
|
7846, Above
|
Neutral
|
Bullish
|
50 DMA, Nifty
|
8233, Below
|
Neutral
|
Bearish
|
200 DMA, Nifty
|
8402, Below
|
Neutral
|
Bearish
|
India Vix
|
18.29, -26.76%
|
Neutral
|
Bullish
|
Dollar/Rupee
|
65.84,- 0.67%
|
Neutral
|
Bullish
|
Overall
|
S & P 500
|
Nifty
|
|
Bullish Indications
|
7
|
9
|
|
Bearish Indications
|
5
|
5
|
|
Outlook
|
Bullish
|
Bullish
|
|
Observation
|
The Sand P 500 was
unchanged and the Nifty rallied last week. While indicators are bullish,
any bounces will be short
lived and massive declines are likely in both indices in the upcoming months.
|
||
On the Horizon
|
Greek Elections, US
Durable Goods, Japan CPI.
|
||
*Nifty
|
India’s
Benchmark Stock Index
|
||
Raw Data
|
Courtesy
Google finance, Stock charts, FXCM
|
||
**Neutral
|
Changes
less than 0.5% are considered neutral
|
The markets recovered last week. Signals are nominally bullish for the upcoming week and markets are in #crash mode. The #SandP500 and several global indices are completing massive bear flags which are resolving to the downside. The U.S FOMC can do nothing to change this. There will be more downside upcoming in the #Nifty and the S and P 500, with at least a retest of the lows for the S and P 500 near 1867 and Nifty near 7550 this month. You can check out last weeks report for a comparison. You can also check out snapshots of the S and P 500 and Nifty Indices. Love your thoughts and feedback.
Market Signals for the Nifty and S and P 500 for the week beginning September 14
http://t.co/kED7rERBFK pic.twitter.com/FcdePfnUIt
— samuelR (@RajveerRawlin) September 20, 2015
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