Indicator
|
Weekly Level / Change /
Significance
|
Implication for
S & P 500
|
Implication for Nifty*
|
S & P 500
|
2077,- 1.18%
|
Bearish
|
Bearish
|
Nifty
|
8485, 1.24%
|
Neutral**
|
Bullish
|
China Shanghai Index
|
3913, -6.68%
|
Bearish
|
Bearish
|
Gold
|
1165, -0.72%
|
Bearish
|
Bearish
|
WTIC Crude
|
56.50, -5.28%
|
Bearish
|
Bearish
|
Copper
|
2.64, -0.15%
|
Neutral
|
Neutral
|
Baltic Dry Index
|
794, -3.52%
|
Bearish
|
Bearish
|
Euro
|
1.1085, -0.75%
|
Bearish
|
Bearish
|
Dollar/Yen
|
123.06, -0.66%
|
Bearish
|
Bearish
|
Dow Transports
|
8123,- 1.46%
|
Bearish
|
Bearish
|
US 10 year Bond Yield
|
2.39%, -3.35%
|
Bullish
|
Bullish
|
Nyse Summation Index
|
-328, -57.86%
|
Bearish
|
Neutral
|
US Vix
|
16.79, 19.76%
|
Bearish
|
Bearish
|
20 DMA, S and P 500
|
2095, Below
|
Bearish
|
Neutral
|
50 DMA, S and P 500
|
2105, Below
|
Bearish
|
Neutral
|
200 DMA, S and P 500
|
8373, Above
|
Bullish
|
Neutral
|
20 DMA, Nifty
|
8232, Above
|
Neutral
|
Bullish
|
50 DMA, Nifty
|
8259, Above
|
Neutral
|
Bullish
|
200 DMA, Nifty
|
8364, Above
|
Neutral
|
Bullish
|
India Vix
|
16.31, 3.46%
|
Neutral
|
Bearish
|
Dollar/Rupee
|
63.31, -0.23%
|
Neutral
|
Neutral
|
Overall
|
S & P 500
|
Nifty
|
|
Bullish Indications
|
2
|
5
|
|
Bearish Indications
|
12
|
10
|
|
Outlook
|
Bearish
|
Bearish
|
|
Observation
|
The Sand P 500 was down last
week while the Nifty outperformed for a third week in a row. The Vix,
transports and summation index are flashing warning signs. Indicators are decidedly
bearish so a sell off is likely next
week.
|
||
On the Horizon
|
Greece referendum reaction,
US non Manufacturing ISM, UK and Australia rate decisions, US FOMC minutes, China CPI, Australia and
Canada employment data
|
||
*Nifty
|
India’s
Benchmark Stock Index
|
||
Raw Data
|
Courtesy
Google finance, Stock charts
|
||
**Neutral
|
Changes
less than 0.5% are considered neutral
|
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