|
Indicator
|
Weekly Level / Change /
Significance
|
Implication for
S & P 500
|
Implication for Nifty*
|
|
S & P 500
|
2006,
-0.34%
|
Neutral
|
Neutral
|
|
Nifty
|
7762,
1.99%
|
Neutral**
|
Bullish
|
|
China Shanghai Index
|
3579,
4.20%
|
Bullish
|
Bullish
|
|
Gold
|
1066,
-0.75%
|
Bearish
|
Bearish
|
|
WTIC Crude
|
35.83,
1.33%
|
Bullish
|
Bullish
|
|
Copper
|
2.11,
-0.26%
|
Neutral
|
Neutral
|
|
Baltic Dry Index
|
477,
-8.62%
|
Bearish
|
Bearish
|
|
Euro
|
1.0868,
-1.15%
|
Bearish
|
Bearish
|
|
Dollar/Yen
|
121.14,
0.14%
|
Neutral
|
Neutral
|
|
Dow Transports
|
7364,
-2.13%
|
Bearish
|
Bearish
|
|
US 10 year Bond Yield
|
2.20%,
2.81%
|
Bearish
|
Bearish
|
|
Nyse Summation Index
|
-244.61,
-609.84%
|
Bearish
|
Bearish
|
|
Junk Bonds (ETF)
|
33.59,
-0.30%
|
Neutral
|
Neutral
|
|
US Vix
|
20.70,
-15.13%
|
Bullish
|
Bullish
|
|
20 DMA, S and P 500
|
2064,
Below
|
Bearish
|
Neutral
|
|
50 DMA, S and P 500
|
2061,
Below
|
Bearish
|
Neutral
|
|
200 DMA, S and P 500
|
2062,
Below
|
Bearish
|
Neutral
|
|
20 DMA, Nifty
|
7796,
Below
|
Neutral
|
Bearish
|
|
50 DMA, Nifty
|
7954,
Below
|
Neutral
|
Bearish
|
|
200 DMA, Nifty
|
8234,
Below
|
Neutral
|
Bearish
|
|
India Vix
|
14.49,
-15.66%
|
Neutral
|
Bullish
|
|
Dollar/Rupee
|
66.31,
-1.25%
|
Neutral
|
Bullish
|
|
|
|
|
|
|
Overall
|
S & P 500
|
Nifty
|
|
|
Bullish Indications
|
3
|
6
|
|
|
Bearish Indications
|
9
|
9
|
|
|
Outlook
|
Bearish
|
Bearish
|
|
|
Observation
|
The Sand P 500 was
unchanged and the Nifty was up last week. Indicators are bearish. Markets are
in crash mode. Vix, Transports and the high yield market are flashing warning
signs.
|
|
|
|
On the Horizon
|
Canada – GDP, Japan – CPI,
US – Durable goods, Personal consumption 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 and the Nifty was up last week. Signals are bearish for the upcoming
week. The markets are getting oversold but are in crash mode, with most
emerging markets, and commodities already breaking down on a strong dollar and
a hawkish FED. Transports and the high yield market are signaling trouble
ahead. The Vix is implying a crash. The
critical levels to watch are 2030 (up) and 2000 (down) on the S & P and 7800
(up) and 7700 (down) on the Nifty. A significant breach of the above levels
could trigger the next big move in the markets very shortly. You can check out
last week’s report for
a comparison. You can also check out snapshots of the S
and P 500 and Nifty Indices.
Love your thoughts and feedback.
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