|
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
|
S
& P 500
|
1918, 2.84%
|
Bullish
|
Bullish
|
|
Nifty
|
7211, 3.29%
|
Neutral**
|
Bullish
|
|
China
Shanghai Index
|
2860, 3.49%
|
Bullish
|
Bullish
|
|
Gold
|
1227, -0.96%
|
Bearish
|
Bearish
|
|
WTIC
Crude
|
31.96, 10.13%
|
Bullish
|
Bullish
|
|
Copper
|
2.08, 2.29%
|
Bullish
|
Bullish
|
|
Baltic
Dry Index
|
315, 8.25%
|
Bullish
|
Bullish
|
|
Euro
|
1.111, -1.30%
|
Bearish
|
Bearish
|
|
Dollar/Yen
|
112.64, -0.50%
|
Bearish
|
Bearish
|
|
Dow
Transports
|
7286, 3.37%
|
Bullish
|
Bullish
|
|
High
Yield (ETF)
|
32.38, 1.19%
|
Bullish
|
Bullish
|
|
US
10 year Bond Yield
|
1.75%, 0.0%
|
Neutral
|
Neutral
|
|
Nyse
Summation Index
|
-467, 30.06%
|
Bullish
|
Neutral
|
|
US
Vix
|
20.53, -19.17%
|
Bullish
|
Bullish
|
|
20
DMA, S and P 500
|
1893, Above
|
Bullish
|
Neutral
|
|
50
DMA, S and P 500
|
1954, Below
|
Bearish
|
Neutral
|
|
200
DMA, S and P 500
|
2031, Below
|
Bearish
|
Neutral
|
|
20
DMA, Nifty
|
7307, Below
|
Neutral
|
Bearish
|
|
50
DMA, Nifty
|
7532, Below
|
Neutral
|
Bearish
|
|
200
DMA, Nifty
|
8000, Below
|
Neutral
|
Bearish
|
|
India
Vix
|
20.92, -15.23%
|
Neutral
|
Bullish
|
|
Dollar/Rupee
|
68.71, 0.88%
|
Neutral
|
Bearish
|
|
Overall
|
S
& P 500
|
Nifty
|
|
|
Bullish
Indications
|
10
|
10
|
|
|
Bearish
Indications
|
5
|
7
|
|
|
Outlook
|
Bullish
|
Bullish
|
|
|
Observation
|
The
Sand P 500 and the Nifty bounced back last week. Indicators are bullish.
Markets
are back at resistance. Looking for a retest of the recent lows.
|
||
|
On
the Horizon
|
Japan
- CPI, Euro zone – German CPI, U.K – GDP, U.S – Consumer confidence data,
Durable goods, Trade balance, GDP, 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 and Nifty rallied last week. Signals are bullish for the upcoming week.
The markets are back at resistance and are likely to continue major breakdowns
in 2016, looking for a retest of the recent lows. The critical levels to
watch are 1940 (up) and 1900 (down) on the S & P and 7300 (up) and 7100
(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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