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

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2990, 1.65%
Bullish
Bullish
Nifty
11811,
0.19%
Neutral
**
Neutral
China
Shanghai Index
3011, 1.08%
Bullish
Bullish
Gold
1402, -0.96%
Bearish
Bearish
WTIC Crude
57.73,
-1.27%
Bearish
Bearish
Copper
2.66, -2.88%
Bearish
Bearish
Baltic
Dry Index
1446, 6.79%
Bullish
Bullish
Euro
1.1225,
-1.28%
Bearish
Bearish
Dollar/Yen
108.47,
0.08%
Neutral
Neutral
Dow
Transports
10485,
0.22%
Neutral
Neutral
High
Yield (Bond)
108.61,
-0.30%
Neutral
Neutral
US 10
year Bond Yield
2.04%,
2.40%
Bearish
Bearish
Nyse
Summation Index
726, 22.63%
Bullish
Neutral
US Vix
13.28,
-11.94%
Bullish
Bullish
Skew
127
Neutral
Neutral
20
DMA, S and P 500
2926, Above
Bullish
Neutral
50 DMA,
S and P 500
2886, Above
Bullish
Neutral
200
DMA, S and P 500
2779, Above
Bullish
Neutral
20
DMA, Nifty
11828,
Below
Neutral
Bearish
50
DMA, Nifty
11726,
Above
Neutral
Bullish
200
DMA, Nifty
11108,
Above
Neutral
Bullish
India
Vix
13.07,
-12.62%
Neutral
Bullish
Dollar/Rupee
68.45,
-0.73%
Neutral
Bullish
Overall
S
& P 500
Nifty
Bullish
Indications
8
8
Bearish
Indications
5
6
Outlook
Bullish
Bullish
Observation
The S
and P 500 was up and the Nifty was unchanged last week. Indicators are bullish
for the week.
The
markets are on the verge of a great depression
style collapse
. Watch those stops.
On the
Horizon
US – PPI, CPI, FED talk, UK
GDP
*Nifty
India’s
Benchmark Stock Market Index
Raw
Data
Courtesy
Stock charts, investing.com
**Neutral
Changes
less than 0.5% are considered neutral

stock market signals july 08

The S and P 500 was up and the Nifty was unchanged last week.
Indicators are bullish for the upcoming week. QE forever from the FED is about to trigger
the deflationary collapse of the century and we are very close to another top
in global equity markets
. The market is
establishing a major top with non-conformation from the transports
. The
trend is about to change from bullish to bearish and the markets are about to
get smashed by a strong dollar.
Looking for significant under performance in the Nifty going forward on rapidly
deteriorating macros. A 5 year
deflationary wave
is about to start in key asset classes like the Euro,
stocks and commodities amidst a number of bearish divergences and Hindenburg
omens. We are on the verge of a multi-year great depression. The
markets are still trading well over 3 standard deviations above their long term
averages from which corrections usually result. Tail risk has been very high
off late as the yield curve inverts.
The critical levels to watch for the week
are 3000 (up) and 2980 (down) on the S & P 500 and 11900 (up) and 11750
(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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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.
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