|
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
|
S
& P 500
|
2057, -0.40%
|
Neutral
|
Neutral
|
|
Nifty
|
7734, -1.48%
|
Neutral**
|
Bearish
|
|
China
Shanghai Index
|
2913, -0.85%
|
Bearish
|
Bearish
|
|
Gold
|
1290,-0.40%
|
Neutral
|
Neutral
|
|
WTIC
Crude
|
44.56, -3.11%
|
Bearish
|
Bearish
|
|
Copper
|
2.15, -5.70%
|
Bearish
|
Bearish
|
|
Baltic
Dry Index
|
631, -10.24%
|
Bearish
|
Bearish
|
|
Euro
|
1.140, -0.40%
|
Neutral
|
Neutral
|
|
Dollar/Yen
|
107.12, 0.74%
|
Bullish
|
Bullish
|
|
Dow
Transports
|
7739, -1.69%
|
Bearish
|
Bearish
|
|
High
Yield (ETF)
|
34.70, -1.19%
|
Bearish
|
Bearish
|
|
US
10 year Bond Yield
|
1.78%, -2.20%
|
Bullish
|
Bullish
|
|
Nyse
Summation Index
|
1064, -12.42%
|
Bearish
|
Neutral
|
|
US
Vix
|
14.72, -6.24%
|
Bullish
|
Bullish
|
|
20
DMA, S and P 500
|
2078, Below
|
Bearish
|
Neutral
|
|
50
DMA, S and P 500
|
2045, Above
|
Bullish
|
Neutral
|
|
200
DMA, S and P 500
|
2013, Above
|
Bullish
|
Neutral
|
|
20
DMA, Nifty
|
7791, Below
|
Neutral
|
Bearish
|
|
50
DMA, Nifty
|
7589, Above
|
Neutral
|
Bullish
|
|
200
DMA, Nifty
|
7833, Below
|
Neutral
|
Bearish
|
|
India
Vix
|
16.95, 2.48%
|
Neutral
|
Bearish
|
|
Dollar/Rupee
|
66.61, 0.28%
|
Neutral
|
Neutral
|
|
Overall
|
S
& P 500
|
Nifty
|
|
|
Bullish
Indications
|
5
|
4
|
|
|
Bearish
Indications
|
8
|
10
|
|
|
Outlook
|
Bearish
|
Bearish
|
|
|
Observation
|
The
Sand P 500 and the Nifty fell last week. Indicators are bearish.
Markets
are failing at resistance. Time to tighten those stops as downside has resumed.
|
||
|
On
the Horizon
|
China
– Loan & Financing data, CPI, Euro Zone – German GDP, Euro Zone GDP,
England – Rate decision, U.S – Retail sales, U. Mich. consumer confidence
|
||
|
*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 bearish for the upcoming week.
The Vix is suggesting complacency. The markets are breaking down from 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 2070 (up) and 2050 (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 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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