|
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
|
S
& P 500
|
2092, 0.52%
|
Bullish
|
Bullish
|
|
Nifty
|
7899, 0.62%
|
Neutral**
|
Bullish
|
|
China
Shanghai Index
|
2959, -3.86%
|
Bearish
|
Bearish
|
|
Gold
|
1234, -0.17%
|
Neutral
|
Neutral
|
|
WTIC
Crude
|
43.75, 4.79%
|
Bullish
|
Bullish
|
|
Copper
|
2.27, 5.34%
|
Bullish
|
Bullish
|
|
Baltic
Dry Index
|
659, 8.35%
|
Bullish
|
Bullish
|
|
Euro
|
1.129, 0.07%
|
Neutral
|
Neutral
|
|
Dollar/Yen
|
111.71, 2.70%
|
Bullish
|
Bullish
|
|
Dow
Transports
|
8086, 1.35%
|
Bullish
|
Bullish
|
|
High
Yield (ETF)
|
35.04, 1.39%
|
Bullish
|
Bullish
|
|
US
10 year Bond Yield
|
1.88%, 7.76%
|
Bearish
|
Bearish
|
|
Nyse
Summation Index
|
1168, 14.48%
|
Bullish
|
Neutral
|
|
US
Vix
|
13.22, -2.94%
|
Bullish
|
Bullish
|
|
20
DMA, S and P 500
|
2069, Above
|
Bullish
|
Neutral
|
|
50
DMA, S and P 500
|
2013, Above
|
Bullish
|
Neutral
|
|
200
DMA, S and P 500
|
2015, Above
|
Bullish
|
Neutral
|
|
20
DMA, Nifty
|
7724, Above
|
Neutral
|
Bullish
|
|
50
DMA, Nifty
|
7462, Above
|
Neutral
|
Bullish
|
|
200
DMA, Nifty
|
7864, Above
|
Neutral
|
Bullish
|
|
India
Vix
|
16.38, 2.15%
|
Neutral
|
Bearish
|
|
Dollar/Rupee
|
66.66, 0.08%
|
Neutral
|
Neutral
|
|
Overall
|
S
& P 500
|
Nifty
|
|
|
Bullish
Indications
|
13
|
12
|
|
|
Bearish
Indications
|
2
|
3
|
|
|
Outlook
|
Bullish
|
Bullish
|
|
|
Observation
|
The
Sand P 500 and the Nifty rallied slightly last week. Indicators are bullish.
Markets
are back at resistance. Time to tighten those stops as downside may resume
any moment.
|
||
|
On
the Horizon
|
Australia
- CPI, New Zealand – Rate decision, Japan - Rate decision, CPI, China – PMI, Euro
Zone – German employment data, CPI, Euro zone CPI, GDP, U.K – GDP, Canada – GDP,
U.S – Durable goods, Consumer confidence, FOMC rate decision, Personal
consumption data, GDP
|
||
|
*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 the Nifty rallied last week. Signals are bullish for the upcoming
week. The Vix is suggesting complacency. The markets are back at resistance and
are likely to continue major breakdowns in 2016 as the recent rally is about to
conclude. A big move is imminent. The critical levels to watch are 2100
(up) and 2080 (down) on the S & P and 7950 (up) and 7850 (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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