Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning July 29

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
3026, 1.65%
Bullish
Bullish
Nifty
11284,
-1.18%
Neutral
**
Bearish
China
Shanghai Index
2945, 0.70%
Bullish
Bullish
Gold
1419, -0.51%
Bearish
Bearish
WTIC Crude
56.19,
1.01%
Bullish
Bullish
Copper
2.69, -2.04%
Bearish
Bearish
Baltic
Dry Index
1937, -10.74%
Bearish
Bearish
Euro
1.1127,
-0.85%
Bearish
Bearish
Dollar/Yen
108.68,
0.78%
Bullish
Bullish
Dow
Transports
10777,
1.63%
Bullish
Bullish
High
Yield (Bond)
108.90,
0.73%
Bullish
Bullish
US 10
year Bond Yield
2.07%,
0.74%
Bearish
Bearish
Nyse
Summation Index
740, -3.20%
Bearish
Neutral
US Vix
12.16,
-15.85%
Bullish
Bullish
Skew
123
Neutral
Neutral
20
DMA, S and P 500
2992, Above
Bullish
Neutral
50
DMA, S and P 500
2916, Above
Bullish
Neutral
200
DMA, S and P 500
2785, Above
Bullish
Neutral
20
DMA, Nifty
11582,
Below
Neutral
Bearish
50
DMA, Nifty
11727,
Below
Neutral
Bearish
200
DMA, Nifty
11136,
Above
Neutral
Bullish
India
Vix
12.13,
-3.98%
Neutral
Bullish
Dollar/Rupee
68.88,
0.03%
Neutral
Neutral
Overall
S
& P 500
Nifty
Bullish
Indications
9
9
Bearish
Indications
6
8
Outlook
Bullish
Bullish
Observation
The S
and P 500 rallied and the Nifty fell 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 – FOMC rate decision, Employment
data, Eurozone – CPI, German employment data, UK – BOE rate
decision, Japan – BOJ rate decision
*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 29

The S and P 500 made new highs and the Nifty fell 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 within a percent of another
major top in global equity markets
. The market is establishing a major top with non-conformations from the transports,
other global indices and commodities
. 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 3040
(up) and 3015 (down)
 on the S & P 500 and 11350 (up) and 11200 (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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