Indicator
|
Weekly Level / Change /
Significance
|
Implication for
S & P 500
|
Implication for Nifty*
|
S & P 500
|
2079, 0.20%
|
Neutral
|
Neutral
|
Nifty
|
8066,- 2.77%
|
Neutral**
|
Bearish
|
China Shanghai Index
|
3383, -0.88%
|
Bearish
|
Bearish
|
Gold
|
1142, -1.92%
|
Bearish
|
Bearish
|
WTIC Crude
|
46.39, 3.71%
|
Bullish
|
Bullish
|
Copper
|
2.32, -1.38%
|
Bearish
|
Bearish
|
Baltic Dry Index
|
721, -6.85%
|
Bearish
|
Bearish
|
Euro
|
1.1007, -0.07%
|
Neutral
|
Neutral
|
Dollar/Yen
|
120.61, -0.70%
|
Bearish
|
Bearish
|
Dow Transports
|
8128, -2.02%
|
Bearish
|
Bearish
|
US 10 year Bond Yield
|
2.15%, 3.26%
|
Bearish
|
Bearish
|
Nyse Summation Index
|
412, 10.55%
|
Bullish
|
Neutral
|
US Vix
|
15.07, 4.22%
|
Bearish
|
Bearish
|
20 DMA, S and P 500
|
2034, Above
|
Bullish
|
Neutral
|
50 DMA, S and P 500
|
1980, Above
|
Bullish
|
Neutral
|
200 DMA, S and P 500
|
2062, Above
|
Bullish
|
Neutral
|
20 DMA, Nifty
|
8172, Below
|
Neutral
|
Bearish
|
50 DMA, Nifty
|
8016, Above
|
Neutral
|
Bullish
|
200 DMA, Nifty
|
8375, Below
|
Neutral
|
Bearish
|
India Vix
|
17.88, 10.42%
|
Neutral
|
Bearish
|
Dollar/Rupee
|
65.39, 0.58%
|
Neutral
|
Bearish
|
Overall
|
S & P 500
|
Nifty
|
|
Bullish Indications
|
5
|
2
|
|
Bearish Indications
|
8
|
13
|
|
Outlook
|
Bullish
|
Bullish
|
|
Observation
|
The Sand P 500 was
unchanged and the Nifty significantly under performed last week. Indicators
are bearish. The Vix is still indicating complacency. Looking for a top soon.
|
||
On the Horizon
|
Australia – RBA rate decision, New Zealand –
Employment data, Canada - Employment data, U.K – Asset Purchases, BOE rate
decision, U.S – ISM, Employment data.
|
||
*Nifty
|
India’s
Benchmark Stock Market Index
|
||
Raw Data
|
Courtesy
Google finance, Stock charts, FXCM
|
||
**Neutral
|
Changes
less than 0.5% are considered neutral
|
The US market was unchanged last week while the Nifty sold off sharply. Signals are bearish for the upcoming week and the recent bounce is on the verge of completion. The markets are likely top out soon, with most emerging markets and commodities already breaking down. 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 in the upcoming months. 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. Love your thoughts and feedback.
Market Signals for the US & Indian Stock Market for the Week Beginning November 2
https://t.co/IKMVh8dO30 pic.twitter.com/9ZKNGcl6LP
— samuelR (@RajveerRawlin) November 1, 2015
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