Here
is your daily insight from global financial markets. Today's post is an
aggregate of interesting news and views form the Stock, FOREX and
Commodity markets and the Economy:
Daily Market Insight
Daily 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
|
2426, -0.65%
|
Bearish
|
Bearish
|
Nifty
|
9837, 1.30%
|
Neutral
**
|
Bullish
|
China
Shanghai Index
|
3269, 1.88%
|
Bullish
|
Bullish
|
Gold
|
1292, -0.19%
|
Neutral
|
Neutral
|
WTIC
Crude
|
48.66, -0.33%
|
Neutral
|
Neutral
|
Copper
|
2.94, 0.94%
|
Bullish
|
Bullish
|
Baltic
Dry Index
|
1247, 14.19%
|
Bullish
|
Bullish
|
Euro
|
1.1760, -0.51%
|
Bearish
|
Bearish
|
Dollar/Yen
|
109.18, 0.01%
|
Neutral
|
Neutral
|
Dow
Transports
|
9095, -1.13%
|
Bearish
|
Bearish
|
High
Yield (ETF)
|
36.81, 0.04%
|
Neutral
|
Neutral
|
US
10 year Bond Yield
|
2.19%, 0.23%
|
Neutral
|
Neutral
|
Nyse
Summation Index
|
242, -47.50%
|
Bearish
|
Neutral
|
US
Vix
|
14.26, -8.06%
|
Bullish
|
Bullish
|
Skew
|
129
|
Neutral
|
Neutral
|
20
DMA, S and P 500
|
2466, Below
|
Bearish
|
Neutral
|
50
DMA, S and P 500
|
2450, Below
|
Bearish
|
Neutral
|
200
DMA, S and P 500
|
2347, Above
|
Bullish
|
Neutral
|
20
DMA, Nifty
|
9958, Below
|
Neutral
|
Bearish
|
50
DMA, Nifty
|
9791, Above
|
Neutral
|
Bullish
|
200
DMA, Nifty
|
9028, Above
|
Neutral
|
Bullish
|
India
Vix
|
14.57, -4.11%
|
Neutral
|
Bullish
|
Dollar/Rupee
|
64.07, -0.01%
|
Neutral
|
Neutral
|
Overall
|
S
& P 500
|
Nifty
|
|
Bullish
Indications
|
5
|
8
|
|
Bearish
Indications
|
6
|
4
|
|
Outlook
|
Bearish
|
Bearish
|
|
Observation
|
The
S and P 500 was down and the Nifty bounced last week. Indicators are bearish.
The
market is topping. Time to tighten those stops.
|
||
On
the Horizon
|
Euro
Zone – German ZEW sentiment, Draghi speeches, German PMI, German IFO business
climate index, German GDP, UK – GDP, Canada – Retail sales, U.S – Home sales,
Oil inventories, Durable goods, Yellen speech
|
||
*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
|
AMD has failed to clear the 2018 high around $34.20. It is retreating, and has broken an August/September sup...