Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning October 26

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2075, 2.07%	Bullish	Bullish
Nifty	8296, 0.70%	Neutral**	Bullish
China Shanghai Index	3412, 0.62%	Bullish	Bullish
Gold	1164, -1.14%	Bearish	Bearish
WTIC Crude	44.73, -6.29%	Bearish	Bearish
Copper	2.35, -2.21%	Bearish	Bearish
Baltic Dry Index	774, 2.65%	Bullish	Bullish
Euro	1.1015, -3.02%	Bearish	Bearish
Dollar/Yen	121.46, 1.65%	Bullish	Bullish
Dow Transports	8296, 2.69%	Bullish	Bullish
US 10 year Bond Yield	2.08%, 2.97%	Bearish	Bearish
Nyse Summation Index	373, 99.09%	Bullish	Neutral
US Vix	14.46, -3.92%	Bullish	Bullish
20 DMA, S and P 500	1992, Above	Bullish	Neutral
50 DMA, S and P 500	1980, Above	Bullish	Neutral
200 DMA, S and P 500	2060, Above	Bullish	Neutral
20 DMA, Nifty	8095, Above	Neutral	Bullish
50 DMA, Nifty	8042, Above	Neutral	Bullish
200 DMA, Nifty	8377, Below	Neutral	Bearish
India Vix	16.19, -0.51%	Neutral	Bullish
Dollar/Rupee	65.01, 0.47%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	9	10
Bearish Indications	5	6
Outlook	Bullish	Bullish
Observation	The Sand P 500 and the Nifty were up last week. Indicators are bullish. The Vix is back in complacency mode. Looking for a top post the FOMC.
On the Horizon	Australia - CPI, New Zealand – Rate decision, Canada - GDP, Euro Zone – German employment data, German CPI, Euro Zone CPI, U.K – GDP, Japan - CPI , U.S – Durable goods, Consumer confidence, Trade balance, personal consumption, GDP, FOMC rate decision.
*Nifty	India’s Benchmark Stock Market Index
Raw Data	Courtesy Google finance, Stock charts, FXCM
**Neutral	Changes less than 0.5% are considered neutral

The markets rallied last week. Signals are bullish for the upcoming week and this bounce is on the verge of completion. The tape has been very strong the last few days and downside momentum must be confirmed below 2050 for short positions. The markets should encounter resistance at higher levels post the FOMC meeting. There will be more downside upcoming in the #Nifty and the S and P 500, with at least a retest of the lows for the S and P 500 near 1867 and Nifty near 7550 in the upcoming months. You can check out last weeks report for a comparison. You can also check out snapshots of the S and P 500 and Nifty Indices. Love your thoughts and feedback.

Market Signals for the US & Indian Stock Market for the week beginning October 26, #stocks https://t.co/jAEvvVi2rD pic.twitter.com/noCZv8j6UF

— samuelR (@RajveerRawlin) October 25, 2015