Stock Market Signals for the US and Indian Stock Markets for the Week beginning July 20

Indicator
Weekly Level / Change /
Significance
Implication for
S & P 500
Implication for Nifty*
S & P 500
2127, 2.41%
Bullish
Bullish
Nifty
8610, 2.98%
Neutral**
Bullish
China Shanghai Index
3957, 2.09%
Bullish
Bullish
Gold
1132, -2.64%
Bearish
Bearish
WTIC Crude
50.78, -3.86%
Bearish
Bearish
Copper
2.50, -1.81%
Bearish
Bearish
Baltic Dry Index
1048, 19.91%
Bullish
Bullish
Euro
1.0846, -2.81%
Bearish
Bearish
Dollar/Yen
124.05, 1.05%
Bullish
Bullish
Dow Transports
8294, 1.12%
Bullish
Bullish
US 10 year Bond Yield
2.35%, -2.81%
Bullish
Bullish
Nyse Summation Index
-211, 47.60%
Bullish
Neutral
US Vix
11.95, -29%
Bullish
Bullish
20 DMA, S and P 500
2092, Above
Bullish
Neutral
50 DMA, S and P 500
2102, Above
Bullish
Neutral
200 DMA, S and P 500
2060, Above
Bullish
Neutral
20 DMA, Nifty
8434, Above
Neutral
Bullish
50 DMA, Nifty
8309, Above
Neutral
Bullish
200 DMA, Nifty
8393, Above
Neutral
Bullish
India Vix
14.80, -13.81%
Neutral
Bullish
Dollar/Rupee
63.49, 0.20%
Neutral
Neutral
Overall
 S & P 500
Nifty
Bullish Indications
11
12
Bearish Indications
4
4
Outlook
Bullish
Bullish
Observation
The Sand P 500 was up last
week while the Nifty out performed. Indicators are bullish.  Market cycles are not favorable into mid
August, so I am looking for a top in this move up.
On the Horizon
RBA and BOE minutes, Australia
CPI, US home sales, New Zealand rate decision, UK and Canada retail sales, Australia
trade balance
*Nifty
India’s
Benchmark Stock Index
Raw Data
Courtesy
Google finance, Stock charts, Dailyfx
**Neutral
Changes
less than 0.5% are considered neutral

Signals are bullish for the upcoming week. Bearish divergences and unfavorable market cycles into August however make me look for a near term top. You can check out last weeks report for a comparison.

Source: Ahead of the Curve

Advertisements

About rajveeronmarkets

I am an avid market watcher having followed capital markets in the US and India since 1993. My research interests includes areas of Capital Markets, Banking, Investment Analysis and Portfolio Management and have over 20 years of experience in the above areas covering the US and Indian Markets.
This entry was posted in Investing, Stock Market, Trading and tagged . Bookmark the permalink.

2 Responses to Stock Market Signals for the US and Indian Stock Markets for the Week beginning July 20

  1. This was a marvellous article regarding the US and Indian stock markets, one that I really enjoyed. I especially loved the concise way in which it conveyed all the information required. Allow me a brief introduction: I’m a 15 year old with an interest in finance and economics who wants to share my views with the world at shreysfinanceblog.com. If you could read and reblog one of my articles, it would be very much appreciated! Thanks again for writing this brilliant article.

    Like

  2. rajveeronmarkets says:

    Thanks Sherry, will try and make this better going forward

    Like

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s