Stock Market Signals for the US and Indian Stock Market for the Week beginning July 6

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

Signals are bearish for the upcoming week. 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.

Stock Market Signals for the US and Indian Stock Market for the Week beginning June 29

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2101,- 0.40%	Neutral	Neutral
Nifty	8381, 1.9%	Neutral**	Bullish
China Shanghai Index	4193, -6.37%	Bearish	Bearish
Gold	1174, -2.18%	Bearish	Bearish
WTIC Crude	59.65, -0.07%	Neutral	Neutral
Copper	2.64, 2.62%	Bullish	Bullish
Baltic Dry Index	823, 5.65%	Bullish	Bullish
Euro	1.1168, -1.74%	Bearish	Bearish
Dollar/Yen	123.87, 0.94%	Bullish	Bullish
Dow Transports	8242,- 2.01%	Bearish	Bearish
US 10 year Bond Yield	2.48%, 9.22%	Bearish	Bearish
Nyse Summation Index	-208, -4.43%	Bearish	Neutral
US Vix	14.02, 0.43%	Neutral	Neutral
20 DMA, S and P 500	2103, Below	Bearish	Neutral
50 DMA, S and P 500	2107, Below	Bearish	Neutral
200 DMA, S and P 500	2053, Above	Bullish	Neutral
20 DMA, Nifty	8181, Above	Neutral	Bullish
50 DMA, Nifty	8262, Above	Neutral	Bullish
200 DMA, Nifty	8364, Above	Neutral	Bullish
India Vix	15.76, 4.47%	Neutral	Bearish
Dollar/Rupee	63.45, -0.03%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	4	7
Bearish Indications	8	6
Outlook	Bearish	Marginally Bullish
Observation	The Sand P 500 was nominally down last week while the Nifty outperformed significantly. The Vix, transports and summation index are flashing warning signs. Market cycles are favorable till July but indicators are turning bearish so a pull back is likely next week.
On the Horizon	Greece discussions, US, UK and Canada PMI data,  US payroll data
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts
**Neutral	Changes less than 0.5% are considered neutral

Signals are bearish for the upcoming week. You can check out last weeks report for a comparison.