Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning September 14

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	1961, 2.07%	Bullish	Bullish
Nifty	7789, 1.75%	Neutral**	Bullish
China Shanghai Index	3200, 1.27%	Bullish	Bullish
Gold	1108, -1.28%	Bearish	Bearish
WTIC Crude	44.78, -2.16%	Bearish	Bearish
Copper	2.45, 6.06%	Bullish	Bullish
Baltic Dry Index	818, -6.51%	Bearish	Bearish
Euro	1.1336, 1.70%	Bullish	Bullish
Dollar/Yen	120.58, 1.28%	Bullish	Bullish
Dow Transports	8052, 3.31%	Bullish	Bullish
US 10 year Bond Yield	2.18%, 2.58%	Bearish	Bearish
Nyse Summation Index	-553, 10.42%	Bullish	Neutral
US Vix	23.20, 16.55%	Bullish	Bullish
20 DMA, S and P 500	1979, Below	Bearish	Neutral
50 DMA, S and P 500	2048, Below	Bearish	Neutral
200 DMA, S and P 500	2071, Below	Bearish	Neutral
20 DMA, Nifty	7957, Below	Neutral	Bearish
50 DMA, Nifty	8276, Below	Neutral	Bearish
200 DMA, Nifty	8415, Below	Neutral	Bearish
India Vix	24.98, -5.48%	Neutral	Bullish
Dollar/Rupee	66.29,- 0.61%	Neutral	Bullish
Overall	S & P 500	Nifty
Bullish Indications	8	10
Bearish Indications	7	7
Outlook	Marginally Bullish	Bullish
Observation	The Sand P 500 and Nifty rebounded last week. Indicators are bullish. After a bounce early in the week looking for weakness in the Nifty and the S and P 500 to resume with a possible retest of earlier lows post the FOMC.
On the Horizon	Euro zone ZEW Survey, US, Canada and UK CPI, US Retail Sales, US FOMC and Swiss rate decisions, New Zealand GDP.
*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 recovered last week. Signals are nominally bullish for the upcoming week and markets are in #crash mode. The #SandP500 and several global indices are completing massive bear flags which should resolve to the downside post the Fed. 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 14 http://t.co/3havKLCAVx pic.twitter.com/4cSwyzwvqM

— samuelR (@RajveerRawlin) September 13, 2015

Interesting Charts from the World of Economics and Financial Markets-2

The first two charts are from John Rubino at dollarcollapse.com that shows that the Japanese economy hasn't recovered despite the record stimulus from the Bank of Japan:


2) The next chart is from Ashraf  Laidi who compares the Dollar's performance during past Fed tightening cycles and suggests the #Dollar may have peaked already:


3) The last chart is from John Hampson at solarcycles.net that shows that the #SandP500 is in significantly over valued territory:

You can see some more interesting charts here.

Interesting Charts from the world of economics and financial markets http://t.co/UjJMixfRRt pic.twitter.com/uf46iJ5wfy

— samuelR (@RajveerRawlin) September 10, 2015