Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning September 7

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	1921, -3.40%	Bearish	Bearish
Nifty	7655, -4.34%	Neutral**	Bearish
China Shanghai Index	3160, -2.23%	Bearish	Bearish
Gold	1122, -0.91%	Bearish	Bearish
WTIC Crude	45.77, 1.02%	Bullish	Bullish
Copper	2.31, -1.24%	Bearish	Bearish
Baltic Dry Index	875, -3.10%	Bearish	Bearish
Euro	1.1147, -0.30%	Neutral	Neutral
Dollar/Yen	119.05, -2.26%	Bearish	Bearish
Dow Transports	7794, -1.45%	Bearish	Bearish
US 10 year Bond Yield	2.13%, -2.65%	Bullish	Bullish
Nyse Summation Index	-583, 4.72%	Bullish	Neutral
US Vix	27.80, 6.72%	Bearish	Bearish
20 DMA, S and P 500	2006, Below	Bearish	Neutral
50 DMA, S and P 500	2057, Below	Bearish	Neutral
200 DMA, S and P 500	2073, Below	Bearish	Neutral
20 DMA, Nifty	8135, Below	Neutral	Bearish
50 DMA, Nifty	8344, Below	Neutral	Bearish
200 DMA, Nifty	8432, Below	Neutral	Bearish
India Vix	26.42, 13.26%	Neutral	Bearish
Dollar/Rupee	66.69, 0.82%	Neutral	Bearish
Overall	S & P 500	Nifty
Bullish Indications	3	2
Bearish Indications	12	14
Outlook	Bearish	Bearish
Observation	The Sand P 500 and Nifty were down hard last week. Indicators are bearish. The Vix moves are flashing crash signs.  Looking for more downside in the Nifty and the S and P 500 with a possible retest of earlier lows.
On the Horizon	Euro zone GDP, New Zealand, Canada and UK rate decisions Australia employment  data, China loan data and CPI, US U. Mich. 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

The markets were smashed last week. Signals are bearish for the upcoming week and markets are in crash mode. 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. 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.

Market Signals for the Nifty and S and P 500 for the week beginning September 7 http://t.co/kaC7cl98Ma pic.twitter.com/VHQ72PFKQp

— samuelR (@RajveerRawlin) September 8, 2015

Interesting Charts from the World of Economics and Financial Markets-1

1) The first chart comes from Bloomberg which captures the entire set of events around China’s stock market crash:

2) The second chart is from Craig Hemke at goldseek.com highlighting a death candle on the long term S and P 500 chart that typically forms during major market tops as was the case in 2000 and 2008:

3) The third chart is from Adam Hamilton at Zealllc.com that suggests the recent spike up in the #Vix is a warning that the Fed’s grip on the markets may be reducing:

4) The last chart is from Clive Maund at clivemaund.com that shows the massive 7 year rising wedge in the S and P 500 breaking, suggesting further downside ahead:

You can see some more interesting charts here.

Interesting Charts from the World of Financial Markets http://t.co/EXI5sDDNlb pic.twitter.com/TA2IspAPrj

— samuelR (@RajveerRawlin) September 7, 2015

Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 31

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	1989, 0.91%	Bullish	Bullish
Nifty	8002, -3.59%	Neutral**	Bearish
China Shanghai Index	3232, -7.85%	Bearish	Bearish
Gold	1133, -2.35%	Bearish	Bearish
WTIC Crude	45.31, 12.46%	Bullish	Bullish
Copper	2.35, 2.18%	Bullish	Bullish
Baltic Dry Index	903, -9.15%	Bearish	Bearish
Euro	1.1180, -1.83%	Bearish	Bearish
Dollar/Yen	121.73, -0.27%	Neutral	Neutral
Dow Transports	7909, 0.46%	Neutral	Neutral
US 10 year Bond Yield	2.19%, 6.43%	Bearish	Bearish
Nyse Summation Index	-612, -55.97%	Bearish	Neutral
US Vix	26.05, -7.06%	Bullish	Bullish
20 DMA, S and P 500	2043, Below	Bearish	Neutral
50 DMA, S and P 500	2075, Below	Bearish	Neutral
200 DMA, S and P 500	2075, Below	Bearish	Neutral
20 DMA, Nifty	8327, Below	Neutral	Bearish
50 DMA, Nifty	8403, Below	Neutral	Bearish
200 DMA, Nifty	8447, Below	Neutral	Bearish
India Vix	23.33, 36.31%	Neutral	Bearish
Dollar/Rupee	66.15, -0.09%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	4	4
Bearish Indications	9	10
Outlook	Bearish	Bearish
Observation	The Sand P 500 was up from oversold levels while the Nifty was down hard last week. Indicators are bearish. The Vix moves are flashing crash signs.  Looking for more downside in the Nifty and the S and P 500.
On the Horizon	US, Canada and German employment  data, Australia and ECB rate decisions, US and China PMI data, Euro zone CPI, Australia and Canada GDP
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts, Dailyfx
**Neutral	Changes less than 0.5% are considered neutral