Here is your daily insight from global financial markets. Today's post is an aggregate of interesting news and views form the Stock, FOREX, Commodity markets and the Economy:
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
|
2519, 0.68%
|
Bullish
|
Bullish
|
Nifty
|
9789, -1.76%
|
Neutral **
|
Bearish
|
China Shanghai
Index
|
3349, -0.11%
|
Neutral
|
Neutral
|
Gold
|
1285, -0.98%
|
Bearish
|
Bearish
|
WTIC Crude
|
51.67, 1.54%
|
Bullish
|
Bullish
|
Copper
|
2.95, 0.36%
|
Neutral
|
Neutral
|
Baltic Dry Index
|
1391, -5.37%
|
Bearish
|
Bearish
|
Euro
|
1.1813, -1.16%
|
Bearish
|
Bearish
|
Dollar/Yen
|
112.54, 0.49%
|
Neutral
|
Neutral
|
Dow Transports
|
9914, 2.16%
|
Bullish
|
Bullish
|
High Yield (ETF)
|
37.32, 0.32%
|
Neutral
|
Neutral
|
US 10 year Bond
Yield
|
2.33%, 2.83%
|
Bearish
|
Bearish
|
Nyse Summation
Index
|
795, 17.96%
|
Bullish
|
Neutral
|
US Vix
|
9.51, -0.70%
|
Bullish
|
Bullish
|
Skew
|
138
|
Neutral
|
Neutral
|
20 DMA, S and P
500
|
2493, Above
|
Bullish
|
Neutral
|
50 DMA, S and P
500
|
2473, Above
|
Bullish
|
Neutral
|
200 DMA, S and P
500
|
2389, Above
|
Bullish
|
Neutral
|
20 DMA, Nifty
|
9978, Below
|
Neutral
|
Bearish
|
50 DMA, Nifty
|
9946, Below
|
Neutral
|
Bearish
|
200 DMA, Nifty
|
9277, Above
|
Neutral
|
Bullish
|
India Vix
|
12.48, -2.54%
|
Neutral
|
Bullish
|
Dollar/Rupee
|
65.30, 0.67%
|
Neutral
|
Bearish
|
Overall
|
S & P 500
|
Nifty
|
|
Bullish
Indications
|
8
|
6
|
|
Bearish
Indications
|
4
|
8
|
|
Outlook
|
Bullish
|
Bearish
|
|
Observation
|
The S and P 500 made
new highs and the Nifty fell again last week. Indicators are mixed.
The market is
topping. Time to tighten those stops.
|
||
On the Horizon
|
Japan – Tankan
manufacturers Index, Australia – Rate decision, Retail sales, UK – PMI’s,
Euro – German PMI, ECB minutes, U.S – ISM data, Crude oil inventory data, Employment
data, Canada – Employment data, PMI,
India – RBI rate
decision
|
||
*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...