Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
S
& P 500
|
3130, 4.02%
|
Bullish
|
Bullish
|
Nifty
|
10607,
2.16%
|
Neutral
**
|
Bullish
|
China
Shanghai Index
|
3153, 5.81%
|
Bullish
|
Bullish
|
Gold
|
1788, 0.54%
|
Bullish
|
Bullish
|
WTIC
Crude
|
40.28,
4.65%
|
Bullish
|
Bullish
|
Copper
|
2.75, 3.37%
|
Bullish
|
Bullish
|
Baltic
Dry Index
|
1738, 11.77%
|
Bullish
|
Bullish
|
Euro
|
1.1244,
0.22%
|
Neutral
|
Neutral
|
Dollar/Yen
|
107.51,
0.27%
|
Neutral
|
Neutral
|
Dow
Transports
|
9236, 4.88%
|
Bullish
|
Bullish
|
High
Yield (Bond ETF)
|
101.72,
0.75%
|
Bullish
|
Bullish
|
US 10
year Bond Yield
|
0.67%,
5.94%
|
Bearish
|
Bearish
|
Nyse
Summation Index
|
738, -10.72%
|
Bearish
|
Neutral
|
US Vix
|
27.68,
-20.30%
|
Bullish
|
Bullish
|
Skew
|
146
|
Bearish
|
Bearish
|
20
DMA, S and P 500
|
3109, Above
|
Bullish
|
Neutral
|
50
DMA, S and P 500
|
2980, Above
|
Bullish
|
Neutral
|
200
DMA, S and P 500
|
3023, Above
|
Bullish
|
Neutral
|
20
DMA, Nifty
|
10206,
Above
|
Neutral
|
Bullish
|
50
DMA, Nifty
|
9707, Above
|
Neutral
|
Bullish
|
200
DMA, Nifty
|
10883,
Below
|
Neutral
|
Bearish
|
S
& P 500 P/E
|
22.44
|
Bearish
|
Neutral
|
Nifty
P/E
|
27.78
|
Neutral
|
Bearish
|
India
Vix
|
25.77,
-10.33%
|
Neutral
|
Bullish
|
Dollar/Rupee
|
74.64,
-1.30%
|
Neutral
|
Bullish
|
Overall
|
S
& P 500
|
Nifty
|
|
Bullish
Indications
|
12
|
14
|
|
Bearish
Indications
|
4
|
4
|
|
Outlook
|
Bullish
|
Bullish
|
|
Observation
|
The S
and P and the Nifty rallied week. Indicators are bullish for the week.
The
markets have begun a great depression
style collapse. Watch those stops.
|
||
On the
Horizon
|
US – PPI
|
||
*Nifty
|
India’s
Benchmark Stock Market Index
|
||
Raw
Data
|
Courtesy
Stock charts, investing.com, multpl.com, NSE
|
||
**Neutral
|
Changes
less than 0.5% are considered neutral
|
It's time for JF's Sunday Morning Charts. 😎 (See full thread inside).#SPX Weekly - still chopping around inside the PRZ for Leg C. Is it Distribution or Accumulation? My WAG is the former. pic.twitter.com/tl9Py1hKcC— JoeFriday714 (@joefriday_714) July 5, 2020
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