The Indian Market in 2008 Vs The Market Today

On the 10 year anniversary of one of the greatest market crashes in India’s recent history here is an interesting comparison:

Year
Nifty P/E
USD/INR
GDP
NPA’s (Trillion)
2008
>  25
< 45
> 9
< 1
2018
> 27
> 63
< 7
> 6

It was a runaway rally in 2008 much like it is now. We had a market peak at a P/E ratio in excess of 25 as is the case now. The major difference being the Rupee has depreciated significantly now and our GDP is much lower. Also the banking system is saddled with almost 10 times more NPA’s than was the case in 2008. So if you are tempted to think “Is this time different?” Think again!

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning January 22

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2810, 0.86%
Bullish
Bullish
Nifty
10895, 2.00%
Neutral
**
Bullish
China
Shanghai Index
3488, 1.72%
Bullish
Bullish
Gold
1333, -0.13%
Neutral
Neutral
WTIC
Crude
63.31, -1.54%
Bearish
Bearish
Copper
3.19, -0.96%
Bearish
Bearish
Baltic
Dry Index
1139, -12.59%
Bearish
Bearish
Euro
1.2223, 0.20%
Neutral
Neutral
Dollar/Yen
110.82, -0.17%
Neutral
Neutral
Dow
Transports
11305, -0.60%
Bearish
Bearish
High
Yield (ETF)
36.82, -0.11%
Neutral
Neutral
US
10 year Bond Yield
2.63%, 3.33%
Bearish
Bearish
Nyse
Summation Index
682, -3.96%
Neutral
Bearish
US
Vix
11.27, 10.93%
Bearish
Bearish
Skew
132
Neutral
Neutral
20
DMA, S and P 500
2732, Above
Bullish
Neutral
50
DMA, S and P 500
2666, Above
Bullish
Neutral
200
DMA, S and P 500
2508, Above
Bullish
Neutral
20
DMA, Nifty
10603, Above
Neutral
Bullish
50
DMA, Nifty
10408, Above
Neutral
Bullish
200
DMA, Nifty
9931, Above
Neutral
Bullish
India
Vix
13.98, 1.82%
Neutral
Bearish
Dollar/Rupee
63.85, 0.52%
Neutral
Bearish
Overall
S
& P 500
Nifty
Bullish
Indications
5
6
Bearish
Indications
6
8
Outlook
Bearish
Bearish
Observation
The
S and P 500 and the Nifty made new highs last week. Indicators are bullish.
The
markets have gone parabolic. Time to watch those stops.
On
the Horizon
New Zealand
– CPI, Japan – BOJ outlook, Euro Zone – German ZEW economic
sentiment, German IFO business climate index, German PMI, ECB rate decision, UK – Employment data, GDP, U.S – Home sales, Oil inventories, Durable
goods, GDP, Canada – Retail sales,
CPI
*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
stock market signals january 22

The S and
P 500 and the Nifty made new highs last week. Signals are bearish for the
upcoming week. Quantitative tightening by the FED is yet to be priced in and sentiment
indicators are back in complacency mode. The markets are still trading well
over 3 standard deviations above their long term averages from which
corrections usually result. Divergences in high yields and surging bond yields
are flashing some warning signs. An interest rate shock can’t be ruled out. The
critical levels to watch are 2820 (up) and 2800(down) on the S & P and 11000
(up) and 10800 (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. 

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning January 15

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2786, 1.57%
Bullish
Bullish
Nifty
10681, 1.16%
Neutral
**
Neutral
China
Shanghai Index
3429, 2.56%
Bullish
Bullish
Gold
1335, 0.95%
Bullish
Bullish
WTIC
Crude
64.30, 4.65%
Bullish
Bullish
Copper
3.22, -0.34%
Neutral
Neutral
Baltic
Dry Index
1303, -2.83%
Bearish
Bearish
Euro
1.2199, 1.41%
Bullish
Bullish
Dollar/Yen
111.00, -1.84%
Bearish
Bearish
Dow
Transports
11373, 4.23%
Bullish
Bullish
High
Yield (ETF)
36.86, -0.46%
Neutral
Neutral
US
10 year Bond Yield
2.55%, 3.07%
Bearish
Bearish
Nyse
Summation Index
710, 11.01%
Neutral
Bullish
US
Vix
10.16, 10.20%
Bearish
Bearish
Skew
125
Neutral
Neutral
20
DMA, S and P 500
2707, Above
Bullish
Neutral
50
DMA, S and P 500
2649, Above
Bullish
Neutral
200
DMA, S and P 500
2500, Above
Bullish
Neutral
20
DMA, Nifty
10510, Above
Neutral
Bullish
50
DMA, Nifty
10367, Above
Neutral
Bullish
200
DMA, Nifty
9891, Above
Neutral
Bullish
India
Vix
13.73, 4.73%
Neutral
Bearish
Dollar/Rupee
63.52, 0.36%
Neutral
Neutral
Overall
S
& P 500
Nifty
Bullish
Indications
9
10
Bearish
Indications
4
5
Outlook
Bullish
Bullish
Observation
The
S and P 500 and the Nifty made new highs last week. Indicators are bullish.
A
major market top is near. Time to watch those stops.
On
the Horizon
Australia
– Employment data, China – GDP, Industrial production, Euro Zone – CPI, UK – CPI,
Retail sales, U.S – Oil inventories, Canada – Rate decision
*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
stock market signals january 15
The S and
P 500 and the Nifty made new highs last week. Signals are bullish for the
upcoming week. Quantitative tightening by the FED is yet to be priced in and sentiment
indicators are back in complacency mode. The markets are still trading well
over 3 standard deviations above their long term averages from which
corrections usually result. Divergences in high yields and surging bond yields
are flashing some warning signs. The critical levels to watch are 2795 (up) and
2775(down) on the S & P and 10750 (up) and 10600 (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.

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning January 08

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2743, 2.60%
Bullish
Bullish
Nifty
10559, 0.27%
Neutral
**
Neutral
China
Shanghai Index
3392, 2.56%
Bullish
Bullish
Gold
1322, 0.99%
Bullish
Bullish
WTIC
Crude
61.44, 1.69%
Bullish
Bullish
Copper
3.23, -2.15%
Bearish
Bearish
Baltic
Dry Index
1341, -1.83%
Bearish
Bearish
Euro
1.2029, 0.20%
Neutral
Neutral
Dollar/Yen
113.08, 0.37%
Neutral
Neutral
Dow
Transports
10912, 2.82%
Bullish
Bullish
High
Yield (ETF)
37.03, 0.84%
Bullish
Bullish
US
10 year Bond Yield
2.48%, 2.95%
Bearish
Bearish
Nyse
Summation Index
639, 14.27%
Neutral
Bullish
US
Vix
9.22, -16.49%
Bullish
Bullish
Skew
127
Neutral
Neutral
20
DMA, S and P 500
2681, Above
Bullish
Neutral
50
DMA, S and P 500
2630, Above
Bullish
Neutral
200
DMA, S and P 500
2489, Above
Bullish
Neutral
20
DMA, Nifty
10413, Above
Neutral
Bullish
50
DMA, Nifty
10340, Above
Neutral
Bullish
200
DMA, Nifty
9851, Above
Neutral
Bullish
India
Vix
13.11, 3.49%
Neutral
Bearish
Dollar/Rupee
63.29, -0.85%
Neutral
Bullish
Overall
S
& P 500
Nifty
Bullish
Indications
9
12
Bearish
Indications
3
4
Outlook
Bullish
Bullish
Observation
The
S and P 500 and the Nifty made new highs last week. Indicators are bullish.
The
market is topping. Time to watch those stops.
On
the Horizon
Australia
– Retail sales, Euro Zone – ECB minutes, CPI, UK – Manufacturing production
data, U.S – Oil inventories, PPI, CPI, Retail sales
*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
stock market signals january 08
The S and
P 500 and the Nifty made new highs last week. Signals are bullish for the
upcoming week. Quantitative tightening by the FED is yet to be priced in and sentiment
indicators are back in complacency mode. The markets are still trading well
over 3 standard deviations above their long term averages from which
corrections usually result. The critical levels to watch are 2755 (up) and 2735(down)
on the S & P and 10650 (up) and 10450 (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.

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning January 01

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2674, -0.36%
Neutral
Neutral
Nifty
10531, 0.36%
Neutral
**
Neutral
China
Shanghai Index
3307, 0.31%
Neutral
Neutral
Gold
1309, 2.39%
Bullish
Bullish
WTIC
Crude
60.42, 3.34%
Bullish
Bullish
Copper
3.30, 1.91%
Bullish
Bullish
Baltic
Dry Index
1366, -4.48%
Bearish
Bearish
Euro
1.2005, 1.20%
Bullish
Bullish
Dollar/Yen
112.66, -0.55%
Bearish
Bearish
Dow
Transports
10612, -0.59%
Bearish
Bearish
High
Yield (ETF)
36.72, 0.25%
Neutral
Neutral
US
10 year Bond Yield
2.41%, -3.22%
Bullish
Bullish
Nyse
Summation Index
559, 8.38%
Neutral
Bullish
US
Vix
11.04, 11.52%
Bearish
Bearish
Skew
137
Neutral
Neutral
20
DMA, S and P 500
2664, Above
Bullish
Neutral
50
DMA, S and P 500
2617, Above
Bullish
Neutral
200
DMA, S and P 500
2482, Above
Bullish
Neutral
20
DMA, Nifty
10322, Above
Neutral
Bullish
50
DMA, Nifty
10316, Above
Neutral
Bullish
200
DMA, Nifty
9818, Above
Neutral
Bullish
India
Vix
12.67, 9.34%
Neutral
Bearish
Dollar/Rupee
63.83, -0.27%
Neutral
Neutral
Overall
S
& P 500
Nifty
Bullish
Indications
8
9
Bearish
Indications
4
5
Outlook
Bullish
Bullish
Observation
The
S and P 500 and the Nifty were relatively unchanged last week. Indicators are
bullish.
The
market is topping. Time to watch those stops.
On
the Horizon
China
– PMI’s, Euro Zone –German PMI, German employment data, CPI, UK – PMI’s, U.S
– ISM PMI’s, FOMC minutes, Oil inventories, Employment data,  Canada – PMI
*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
stock market signals january 01
The S and
P 500 and the Nifty were unchanged last week. Signals are bullish for the
upcoming week. Quantitative tightening by the FED is yet to be priced in and sentiment
indicators are back in complacency mode. The markets are still trading well
over 3 standard deviations above their long term averages from which
corrections usually result. The critical levels to watch are 2685 (up) and 2665(down)
on the S & P and 10600 (up) and 10450 (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.

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning December 25

Indicator
Weekly Level /
Change
Implication for
S & P 500
Implication for
Nifty*
S & P 500
2683, 0.28%
Neutral
Neutral
Nifty
10493, 1.55%
Neutral **
Bullish
China Shanghai
Index
3297, 0.95%
Bullish
Bullish
Gold
1279, 1.69%
Bullish
Bullish
WTIC Crude
58.47, 1.99%
Bullish
Bullish
Copper
3.24, 3.32%
Bullish
Bullish
Baltic Dry Index
1430, -14.27%
Bearish
Bearish
Euro
1.1862, 0.96%
Bullish
Bullish
Dollar/Yen
113.29, 0.61%
Bullish
Bullish
Dow Transports
10675, 2.71%
Neutral
Neutral
High Yield (ETF)
36.63, 0.25%
Neutral
Neutral
US 10 year Bond
Yield
2.49%, 5.52%
Bearish
Bearish
Nyse Summation
Index
516, 6.61%
Neutral
Bullish
US Vix
9.90, 5.10%
Bearish
Bearish
Skew
134
Neutral
Neutral
20 DMA, S and P
500
2653, Above
Bullish
Neutral
50 DMA, S and P
500
2607, Above
Bullish
Neutral
200 DMA, S and P
500
2476, Above
Bullish
Neutral
20 DMA, Nifty
10289, Above
Neutral
Bullish
50 DMA, Nifty
10292, Above
Neutral
Bullish
200 DMA, Nifty
9786, Above
Neutral
Bullish
India Vix
11.59, -22.44%
Neutral
Bullish
Dollar/Rupee
64.00, -0.08%
Neutral
Neutral
Overall
S & P 500
Nifty
Bullish
Indications
9
12
Bearish
Indications
3
3
Outlook
Bullish
Bullish
Observation
The S and P 500 and
the Nifty made new highs last week. Indicators are bullish.
The market is
topping. Time to watch those stops.
On the Horizon
U.S – Consumer
confidence, Home sales, Oil inventories
*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
stock market signals december 25
The
S and P 500 and the Nifty made new highs last week. Signals are
bullish for the upcoming week. Quantitative tightening by the FED is yet to be
priced in and sentiment indicators are back in complacency mode. The markets
are still trading well over 3 standard deviations above their long term
averages from which corrections usually result. The critical levels to watch
are 2695 (up) and 2670(down) on the S & P and 10600 (up) and 10400 (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. 


 

via Blogger http://ift.tt/2DK7sbt

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning December 25

Indicator
Weekly Level /
Change
Implication for
S & P 500
Implication for
Nifty*
S & P 500
2683, 0.28%
Neutral
Neutral
Nifty
10493, 1.55%
Neutral **
Bullish
China Shanghai
Index
3297, 0.95%
Bullish
Bullish
Gold
1279, 1.69%
Bullish
Bullish
WTIC Crude
58.47, 1.99%
Bullish
Bullish
Copper
3.24, 3.32%
Bullish
Bullish
Baltic Dry Index
1430, -14.27%
Bearish
Bearish
Euro
1.1862, 0.96%
Bullish
Bullish
Dollar/Yen
113.29, 0.61%
Bullish
Bullish
Dow Transports
10675, 2.71%
Neutral
Neutral
High Yield (ETF)
36.63, 0.25%
Neutral
Neutral
US 10 year Bond
Yield
2.49%, 5.52%
Bearish
Bearish
Nyse Summation
Index
516, 6.61%
Neutral
Bullish
US Vix
9.90, 5.10%
Bearish
Bearish
Skew
134
Neutral
Neutral
20 DMA, S and P
500
2653, Above
Bullish
Neutral
50 DMA, S and P
500
2607, Above
Bullish
Neutral
200 DMA, S and P
500
2476, Above
Bullish
Neutral
20 DMA, Nifty
10289, Above
Neutral
Bullish
50 DMA, Nifty
10292, Above
Neutral
Bullish
200 DMA, Nifty
9786, Above
Neutral
Bullish
India Vix
11.59, -22.44%
Neutral
Bullish
Dollar/Rupee
64.00, -0.08%
Neutral
Neutral
Overall
S & P 500
Nifty
Bullish
Indications
9
12
Bearish
Indications
3
3
Outlook
Bullish
Bullish
Observation
The S and P 500 and
the Nifty made new highs last week. Indicators are bullish.
The market is
topping. Time to watch those stops.
On the Horizon
U.S – Consumer
confidence, Home sales, Oil inventories
*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
stock market signals december 25
The
S and P 500 and the Nifty made new highs last week. Signals are
bullish for the upcoming week. Quantitative tightening by the FED is yet to be
priced in and sentiment indicators are back in complacency mode. The markets
are still trading well over 3 standard deviations above their long term
averages from which corrections usually result. The critical levels to watch
are 2695 (up) and 2670(down) on the S & P and 10600 (up) and 10400 (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. 


 

via Blogger http://ift.tt/2DK7sbt

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning December 25

Indicator
Weekly Level /
Change
Implication for
S & P 500
Implication for
Nifty*
S & P 500
2683, 0.28%
Neutral
Neutral
Nifty
10493, 1.55%
Neutral **
Bullish
China Shanghai
Index
3297, 0.95%
Bullish
Bullish
Gold
1279, 1.69%
Bullish
Bullish
WTIC Crude
58.47, 1.99%
Bullish
Bullish
Copper
3.24, 3.32%
Bullish
Bullish
Baltic Dry Index
1430, -14.27%
Bearish
Bearish
Euro
1.1862, 0.96%
Bullish
Bullish
Dollar/Yen
113.29, 0.61%
Bullish
Bullish
Dow Transports
10675, 2.71%
Neutral
Neutral
High Yield (ETF)
36.63, 0.25%
Neutral
Neutral
US 10 year Bond
Yield
2.49%, 5.52%
Bearish
Bearish
Nyse Summation
Index
516, 6.61%
Neutral
Bullish
US Vix
9.90, 5.10%
Bearish
Bearish
Skew
134
Neutral
Neutral
20 DMA, S and P
500
2653, Above
Bullish
Neutral
50 DMA, S and P
500
2607, Above
Bullish
Neutral
200 DMA, S and P
500
2476, Above
Bullish
Neutral
20 DMA, Nifty
10289, Above
Neutral
Bullish
50 DMA, Nifty
10292, Above
Neutral
Bullish
200 DMA, Nifty
9786, Above
Neutral
Bullish
India Vix
11.59, -22.44%
Neutral
Bullish
Dollar/Rupee
64.00, -0.08%
Neutral
Neutral
Overall
S & P 500
Nifty
Bullish
Indications
9
12
Bearish
Indications
3
3
Outlook
Bullish
Bullish
Observation
The S and P 500 and
the Nifty made new highs last week. Indicators are bullish.
The market is
topping. Time to watch those stops.
On the Horizon
U.S – Consumer
confidence, Home sales, Oil inventories
*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
stock market signals december 25
The
S and P 500 and the Nifty made new highs last week. Signals are
bullish for the upcoming week. Quantitative tightening by the FED is yet to be
priced in and sentiment indicators are back in complacency mode. The markets
are still trading well over 3 standard deviations above their long term
averages from which corrections usually result. The critical levels to watch
are 2695 (up) and 2670(down) on the S & P and 10600 (up) and 10400 (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. 


 

via Blogger http://ift.tt/2DK7sbt

Posted in Stock Market | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning December 25

Indicator
Weekly Level /
Change
Implication for
S & P 500
Implication for
Nifty*
S & P 500
2683, 0.28%
Neutral
Neutral
Nifty
10493, 1.55%
Neutral **
Bullish
China Shanghai
Index
3297, 0.95%
Bullish
Bullish
Gold
1279, 1.69%
Bullish
Bullish
WTIC Crude
58.47, 1.99%
Bullish
Bullish
Copper
3.24, 3.32%
Bullish
Bullish
Baltic Dry Index
1430, -14.27%
Bearish
Bearish
Euro
1.1862, 0.96%
Bullish
Bullish
Dollar/Yen
113.29, 0.61%
Bullish
Bullish
Dow Transports
10675, 2.71%
Neutral
Neutral
High Yield (ETF)
36.63, 0.25%
Neutral
Neutral
US 10 year Bond
Yield
2.49%, 5.52%
Bearish
Bearish
Nyse Summation
Index
516, 6.61%
Neutral
Bullish
US Vix
9.90, 5.10%
Bearish
Bearish
Skew
134
Neutral
Neutral
20 DMA, S and P
500
2653, Above
Bullish
Neutral
50 DMA, S and P
500
2607, Above
Bullish
Neutral
200 DMA, S and P
500
2476, Above
Bullish
Neutral
20 DMA, Nifty
10289, Above
Neutral
Bullish
50 DMA, Nifty
10292, Above
Neutral
Bullish
200 DMA, Nifty
9786, Above
Neutral
Bullish
India Vix
11.59, -22.44%
Neutral
Bullish
Dollar/Rupee
64.00, -0.08%
Neutral
Neutral
Overall
S & P 500
Nifty
Bullish
Indications
9
12
Bearish
Indications
3
3
Outlook
Bullish
Bullish
Observation
The S and P 500 and
the Nifty made new highs last week. Indicators are bullish.
The market is
topping. Time to watch those stops.
On the Horizon
U.S – Consumer
confidence, Home sales, Oil inventories
*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
stock market signals december 25
The
S and P 500 and the Nifty made new highs last week. Signals are
bullish for the upcoming week. Quantitative tightening by the FED is yet to be
priced in and sentiment indicators are back in complacency mode. The markets
are still trading well over 3 standard deviations above their long term
averages from which corrections usually result. The critical levels to watch
are 2695 (up) and 2670(down) on the S & P and 10600 (up) and 10400 (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. 


 

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning December 25

Indicator
Weekly Level /
Change
Implication for
S & P 500
Implication for
Nifty*
S & P 500
2683, 0.28%
Neutral
Neutral
Nifty
10493, 1.55%
Neutral **
Bullish
China Shanghai
Index
3297, 0.95%
Bullish
Bullish
Gold
1279, 1.69%
Bullish
Bullish
WTIC Crude
58.47, 1.99%
Bullish
Bullish
Copper
3.24, 3.32%
Bullish
Bullish
Baltic Dry Index
1430, -14.27%
Bearish
Bearish
Euro
1.1862, 0.96%
Bullish
Bullish
Dollar/Yen
113.29, 0.61%
Bullish
Bullish
Dow Transports
10675, 2.71%
Neutral
Neutral
High Yield (ETF)
36.63, 0.25%
Neutral
Neutral
US 10 year Bond
Yield
2.49%, 5.52%
Bearish
Bearish
Nyse Summation
Index
516, 6.61%
Neutral
Bullish
US Vix
9.90, 5.10%
Bearish
Bearish
Skew
134
Neutral
Neutral
20 DMA, S and P
500
2653, Above
Bullish
Neutral
50 DMA, S and P
500
2607, Above
Bullish
Neutral
200 DMA, S and P
500
2476, Above
Bullish
Neutral
20 DMA, Nifty
10289, Above
Neutral
Bullish
50 DMA, Nifty
10292, Above
Neutral
Bullish
200 DMA, Nifty
9786, Above
Neutral
Bullish
India Vix
11.59, -22.44%
Neutral
Bullish
Dollar/Rupee
64.00, -0.08%
Neutral
Neutral
Overall
S & P 500
Nifty
Bullish
Indications
9
12
Bearish
Indications
3
3
Outlook
Bullish
Bullish
Observation
The S and P 500 and
the Nifty made new highs last week. Indicators are bullish.
The market is
topping. Time to watch those stops.
On the Horizon
U.S – Consumer
confidence, Home sales, Oil inventories
*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
stock market signals december 25
The
S and P 500 and the Nifty made new highs last week. Signals are
bullish for the upcoming week. Quantitative tightening by the FED is yet to be
priced in and sentiment indicators are back in complacency mode. The markets
are still trading well over 3 standard deviations above their long term
averages from which corrections usually result. The critical levels to watch
are 2695 (up) and 2670(down) on the S & P and 10600 (up) and 10400 (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. 


 

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Posted in Stock Market | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment