Daily Market Insight

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

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

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

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:

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

Indicator	Weekly Level / Change	Implication for S & P 500	Implication for Nifty*
S & P 500	2438, 0.21%	Neutral	Neutral
Nifty	9575, -0.14%	Neutral **	Neutral
China Shanghai Index	3158, 1.11%	Bullish	Bullish
Gold	1256, -0.01%	Neutral	Neutral
WTIC Crude	43.01, -4.36%	Bearish	Bearish
Copper	2.62, 2.34%	Bullish	Bullish
Baltic Dry Index	855, 0.00%	Neutral	Neutral
Euro	1.1193, -0.04%	Neutral	Neutral
Dollar/Yen	111.28, 0.39%	Neutral	Neutral
Dow Transports	9389, -0.27%	Neutral	Neutral
High Yield (ETF)	37.10, 0.08%	Neutral	Neutral
US 10 year Bond Yield	2.14%, -0.60%	Bullish	Bullish
Nyse Summation Index	583, -8.61%	Bearish	Neutral
US Vix	10.02, -3.47%	Bullish	Bullish
Skew	133	Neutral	Neutral
20 DMA, S and P 500	2438, Above	Bullish	Neutral
50 DMA, S and P 500	2401, Above	Bullish	Neutral
200 DMA, S and P 500	2287, Above	Bullish	Neutral
20 DMA, Nifty	9629, Below	Neutral	Bearish
50 DMA, Nifty	9452, Above	Neutral	Bullish
200 DMA, Nifty	8816, Above	Neutral	Bullish
India Vix	11.56, 5.89%	Neutral	Bearish
Dollar/Rupee	64.47, 0.07%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	7	6
Bearish Indications	2	3
Outlook	Bullish	Bullish
Observation	The S and P 500 and the Nifty were relatively unchanged last week. Indicators are bullish. The market is encountering resistance at these levels. Time to tighten those stops.
On the Horizon	China – PMI, Euro Zone – German Ifo business index, German employment data, Draghi speeches, Euro zone CPI, UK – Carney speeches, GDP, U.S – Durable goods, Consumer confidence, Oil inventories, Yellen speech, GDP, Canada – Poloz speech, GDP
*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

The S and P 500 and the Nifty were unchanged last week. Signals are bullish for the upcoming week. Past and future FED rate hikes are yet to be priced in and sentiment indicators are back in complacency mode. Market internals and commodities are flashing major warning signs of a large decline ahead. The critical levels to watch are 2450 (up) and 2430 (down) on the S & P and 9650 (up) and 9500 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the above markets. You can check out last week’s report for a comparison. Love your thoughts and feedback.