Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 07

 

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2477, 0.19%
Neutral
Neutral
Nifty
10066, 0.52%
Neutral
**
Bullish
China
Shanghai Index
3262, 0.27%
Neutral
Neutral
Gold
1265, -0.84%
Bearish
Bearish
WTIC
Crude
49.58, -0.26%
Neutral
Neutral
Copper
2.88, 0.35%
Neutral
Neutral
Baltic
Dry Index
1023, 8.60%
Bullish
Bullish
Euro
1.1774, 0.19%
Neutral
Neutral
Dollar/Yen
110.67, -0.01%
Neutral
Neutral
Dow
Transports
9278, 0.55%
Bullish
Bullish
High
Yield (ETF)
37.22, -0.07%
Neutral
Neutral
US
10 year Bond Yield
2.27%, -0.96%
Bullish
Bullish
Nyse
Summation Index
712, -5.21%
Bearish
Neutral
US
Vix
10.03, -2.53%
Bullish
Bullish
Skew
140
Neutral
Neutral
20
DMA, S and P 500
2464, Above
Bullish
Neutral
50
DMA, S and P 500
2444, Above
Bullish
Neutral
200
DMA, S and P 500
2331, Above
Bullish
Neutral
20
DMA, Nifty
9946, Above
Neutral
Bullish
50
DMA, Nifty
9746, Above
Neutral
Bullish
200
DMA, Nifty
8974, Above
Neutral
Bullish
India
Vix
11.39, 2.27%
Neutral
Bearish
Dollar/Rupee
63.75, -0.55%
Neutral
Bullish
Overall
S
& P 500
Nifty
Bullish
Indications
7
9
Bearish
Indications
2
2
Outlook
Bullish
Bullish
Observation
The
S and P 500 and the Nifty are close to new highs. Indicators are bullish.
The
market is topping. Time to tighten those stops.
On
the Horizon
UK
– Manufacturing production data, New Zealand – Rate decision, U.S –Oil inventories,
PPI, 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 august 07

 

The S and P 500 and the Nifty are close to new highs. Signals are bullish for the
upcoming week. Past and future FED rate hikes are yet to be priced in and sentiment
indicators are back in complacency mode. Transports and the Yen are flashing
warning signs. Momentum is waning. The critical levels to watch are 2485 (up)
and 2465 (down) on the S & P and 10100 (up) and 10000 (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/2hyUvdS

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 Stock Market and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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