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Midweek Market Insight
Midweek Market Insight
This video shows key time-series analyses techniques such as ARIMA, Granger Causality, Co-integration, and VECM performed via GRETL. Key dia...
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
S
& P 500
|
2502, 0.08%
|
Neutral
|
Neutral
|
Nifty
|
9964, -1.20%
|
Neutral
**
|
Bearish
|
China
Shanghai Index
|
3353, -0.03%
|
Neutral
|
Neutral
|
Gold
|
1298, -2.09%
|
Bearish
|
Bearish
|
WTIC
Crude
|
50.66, 1.54%
|
Bullish
|
Bullish
|
Copper
|
2.94, -0.15%
|
Neutral
|
Neutral
|
Baltic
Dry Index
|
1470, 8.01%
|
Bullish
|
Bullish
|
Euro
|
1.1951, 0.05%
|
Neutral
|
Neutral
|
Dollar/Yen
|
111.99, 1.01%
|
Bullish
|
Bullish
|
Dow
Transports
|
9704, 1.66%
|
Bullish
|
Bullish
|
High
Yield (ETF)
|
37.20, 0.08%
|
Neutral
|
Neutral
|
US
10 year Bond Yield
|
2.26%, 2.72%
|
Bearish
|
Bearish
|
Nyse
Summation Index
|
675, 25.70%
|
Bullish
|
Neutral
|
US
Vix
|
9.59, -5.70%
|
Bullish
|
Bullish
|
Skew
|
138
|
Neutral
|
Neutral
|
20
DMA, S and P 500
|
2480, Above
|
Bullish
|
Neutral
|
50
DMA, S and P 500
|
2469, Above
|
Bullish
|
Neutral
|
200
DMA, S and P 500
|
2382, Above
|
Bullish
|
Neutral
|
20
DMA, Nifty
|
10001, Below
|
Neutral
|
Bearish
|
50
DMA, Nifty
|
9954, Above
|
Neutral
|
Bullish
|
200
DMA, Nifty
|
9236, Above
|
Neutral
|
Bullish
|
India
Vix
|
12.81, 9.70%
|
Neutral
|
Bearish
|
Dollar/Rupee
|
64.87, 1.15%
|
Neutral
|
Bearish
|
Overall
|
S
& P 500
|
Nifty
|
|
Bullish
Indications
|
9
|
7
|
|
Bearish
Indications
|
2
|
6
|
|
Outlook
|
Bullish
|
Bullish
|
|
Observation
|
The
S and P 500 was unchanged and the Nifty fell last week. Indicators are bullish.
The
market is topping. Time to tighten those stops.
|
||
On
the Horizon
|
China
– PMI, New Zealand – Rate decision, UK – GDP, Euro – German elections, German
IFO data, German employment data, CPI, U.S – Consumer confidence, Oil
inventories, Home sales, Durable goods, GDP, Canada – GDP
|
||
*Nifty
|
India’s
Benchmark Stock Market Index
|
||
Raw
Data
|
Courtesy
Google finance, Stock charts, investing.com
|
||
**Neutral
|
Changes less than 0.5% are considered
neutral
|
GW Pharmaceuticals $GWPH has been retreating sharply, and might have further downside towards $100.
G...
GMT-4 | Event | Actual | Consensus | ||
---|---|---|---|---|---|
Wednesday, Apr 30 | |||||
10:00 | US | Personal Income (MoM) | 0.5% | 0.4% | Revised from 0.8% |
10:00 | US | Core Personal Consumption Expenditures - Price Index (MoM) | 0.0% | 0.1% | Revised from 0.4% |
10:30 | US | EIA Crude Oil Stocks Change | -2.696M | -0.600M | |
11:00 | US | President Trump speech | |||
11:30 | UK | BoE's Lombardelli speech | |||
16:00 | US | President Trump speech | |||
18:00 | NZ | ANZ – Roy Morgan Consumer Confidence | |||
24h | CH | Labour Day | |||
19:00 | AU | Judo Bank Manufacturing PMI | 51.7 | ||
20:00 | US | President Trump speech |