|
Indicator
|
Weekly
Level / Change / Significance
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
|
S
& P 500
|
1922, -5.96%
|
Bearish
|
Bearish
|
|
Nifty
|
7601, -4.54%
|
Neutral**
|
Bearish
|
|
China
Shanghai Index
|
3186, -9.97%
|
Bearish
|
Bearish
|
|
Gold
|
1104, 4.11%
|
Bullish
|
Bullish
|
|
WTIC
Crude
|
32.88, -11.30%
|
Bearish
|
Bearish
|
|
Copper
|
2.02, -5.62%
|
Bearish
|
Bearish
|
|
Baltic
Dry Index
|
429, -10.25%
|
Bearish
|
Bearish
|
|
Euro
|
1.093, 0.67%
|
Bullish
|
Bullish
|
|
Dollar/Yen
|
117.51, -2.30%
|
Bearish
|
Bearish
|
|
Dow
Transports
|
6946, -7.49%
|
Bearish
|
Bearish
|
|
High
Yield (ETF)
|
33.48, -1.27%
|
Bearish
|
Bearish
|
|
US
10 year Bond Yield
|
2.13%, -6.13%
|
Bullish
|
Bullish
|
|
Nyse
Summation Index
|
-158, -775.82%
|
Bearish
|
Neutral
|
|
US
Vix
|
27.01, 48.33%
|
Bearish
|
Bearish
|
|
20
DMA, S and P 500
|
2028, Below
|
Bearish
|
Neutral
|
|
50
DMA, S and P 500
|
2059, Below
|
Bearish
|
Neutral
|
|
200
DMA, S and P 500
|
2058, Below
|
Bearish
|
Neutral
|
|
20
DMA, Nifty
|
7791, Below
|
Neutral
|
Bearish
|
|
50
DMA, Nifty
|
7846, Below
|
Neutral
|
Bearish
|
|
200
DMA, Nifty
|
8167, Below
|
Neutral
|
Bearish
|
|
India
Vix
|
17.80, 24.81%
|
Neutral
|
Bearish
|
|
Dollar/Rupee
|
66.89, 1.00%
|
Bearish
|
Bearish
|
|
Overall
|
S
& P 500
|
Nifty
|
|
|
Bullish
Indications
|
3
|
3
|
|
|
Bearish
Indications
|
14
|
15
|
|
|
Outlook
|
Bearish
|
Bearish
|
|
|
Observation
|
The
Sand P 500 and the Nifty were down hard last week. Indicators are bearish. Looking
for downside to continue.
|
||
|
On
the Horizon
|
Australia - Employment data, Euro
zone – German GDP, U.K – Rate decision, U.S – Retail sales, consumer
confidence, China – Loan & financing 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 and Nifty fell hard last week. Signals are bearish for the upcoming
week. The markets are in crash mode and are likely to continue to breakdown in 2016. The critical levels to watch are 1940 (up) and 1900 (down) on
the S & P and 7600 (up) and 7500 (down) on the Nifty. A significant breach
of the above levels could trigger the next big move in the above markets. 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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