Stock Market Signals for the US and Indian Stock Market for the Week beginning July 13

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2077,- 0.01%	Neutral	Neutral
Nifty	8361, -1.47%	Neutral**	Bearish
China Shanghai Index	3878, -0.89%	Bearish	Bearish
Gold	1163, -0.19%	Neutral	Neutral
WTIC Crude	52.82, -6.51%	Bearish	Bearish
Copper	2.54, -3.60%	Bearish	Bearish
Baltic Dry Index	874, 10.08%	Bullish	Bullish
Euro	1.1160, 0.68%	Bullish	Bullish
Dollar/Yen	122.76, -0.24%	Neutral	Neutral
Dow Transports	8202, 0.97%	Bullish	Bullish
US 10 year Bond Yield	2.42%, 1.00%	Bearish	Bearish
Nyse Summation Index	-403, -22.70%	Bearish	Neutral
US Vix	16.83, 0.24%	Neutral	Neutral
20 DMA, S and P 500	2088, Below	Bearish	Neutral
50 DMA, S and P 500	2100, Below	Bearish	Neutral
200 DMA, S and P 500	2056, Above	Bullish	Neutral
20 DMA, Nifty	8329, Above	Neutral	Bullish
50 DMA, Nifty	8276, Above	Neutral	Bullish
200 DMA, Nifty	8381, Below	Neutral	Bearish
India Vix	17.07, 4.69%	Neutral	Bearish
Dollar/Rupee	63.36, -0.08%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	4	5
Bearish Indications	7	7
Outlook	Bearish	Bearish
Observation	The Sand P 500 was unchanged last week while the Nifty underperformed. Indicators are bearish but oversold so a sell off is likely after this oversold rally concludes.
On the Horizon	Greece discussions, China loan data, UK, US and Canada consumer prices, Euro ZEW economic sentiment survey, US retail sales, China GDP, Canada and ECB rate decisions, New Zealand consumer prices, Janet Yellen testimony, US consumer confidence
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts, Dailyfx
**Neutral	Changes less than 0.5% are considered neutral

Signals are bearish for the upcoming week but indicators are oversold, so the oversold bounce that started last week may continue before the bears assert themselves . You can check out last weeks report for a comparison.