|
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
|
S
& P 500
|
2065, -1.26%
|
Bearish
|
Bearish
|
|
Nifty
|
7850, -0.63%
|
Neutral**
|
Bearish
|
|
China
Shanghai Index
|
2938, -0.71%
|
Bearish
|
Bearish
|
|
Gold
|
1295, 4.96%
|
Bullish
|
Bullish
|
|
WTIC
Crude
|
45.99, 5.12%
|
Bullish
|
Bullish
|
|
Copper
|
2.28, 0.57%
|
Bullish
|
Bullish
|
|
Baltic
Dry Index
|
703, 2.18%
|
Bullish
|
Bullish
|
|
Euro
|
1.135, 1.09%
|
Bullish
|
Bullish
|
|
Dollar/Yen
|
106.42, -4.79%
|
Bearish
|
Bearish
|
|
Dow
Transports
|
7871, -2.65%
|
Bearish
|
Bearish
|
|
High
Yield (ETF)
|
35.30, 0.74%
|
Bullish
|
Bullish
|
|
US
10 year Bond Yield
|
1.82%, -3.65%
|
Bullish
|
Bullish
|
|
Nyse
Summation Index
|
1215, 4.03%
|
Bullish
|
Neutral
|
|
US
Vix
|
15.70, 18.76%
|
Bearish
|
Bearish
|
|
20
DMA, S and P 500
|
2076, Below
|
Bearish
|
Neutral
|
|
50
DMA, S and P 500
|
2032, Above
|
Bullish
|
Neutral
|
|
200
DMA, S and P 500
|
2015, Above
|
Bullish
|
Neutral
|
|
20
DMA, Nifty
|
7781, Above
|
Neutral
|
Bullish
|
|
50
DMA, Nifty
|
7524, Above
|
Neutral
|
Bullish
|
|
200
DMA, Nifty
|
7850, Equal
|
Neutral
|
Neutral
|
|
India
Vix
|
16.54, 0.96%
|
Neutral
|
Bearish
|
|
Dollar/Rupee
|
66.43, -0.35%
|
Neutral
|
Neutral
|
|
Overall
|
S
& P 500
|
Nifty
|
|
|
Bullish
Indications
|
10
|
9
|
|
|
Bearish
Indications
|
6
|
7
|
|
|
Outlook
|
Bullish
|
Bullish
|
|
|
Observation
|
The
Sand P 500 and the Nifty fell last week. Indicators are bullish.
Markets
are back at resistance. Time to tighten those stops as downside has resumed.
|
||
|
On
the Horizon
|
Australia
- Rate decision, New Zealand – Employment data, China – PMI, Canada – Employment
data, U.S – ISM data, 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 and the Nifty fell 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 appears to have
concluded. A big move is imminent. The critical levels to watch are 2080
(up) and 2050 (down) on the S & P and 7900 (up) and 7800 (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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