Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 05

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2932, -3.10%
Bearish
Bearish
Nifty
10997,
-2.54%
Neutral
**
Bearish
China
Shanghai Index
2868, -2.60%
Bearish
Bearish
Gold
1453, 2.35%
Bullish
Bullish
WTIC Crude
55.23,
-1.73%
Bearish
Bearish
Copper
2.57, -4.50%
Bearish
Bearish
Baltic
Dry Index
1788, -7.69%
Bearish
Bearish
Euro
1.1108,
-0.17%
Neutral
Neutral
Dollar/Yen
106.61,
-1.86%
Bearish
Bearish
Dow
Transports
10374,
-3.73%
Bearish
Bearish
High
Yield (Bond)
107.93,
-0.89%
Bearish
Bearish
US 10
year Bond Yield
1.84%,
-10.91%
Bullish
Bullish
Nyse
Summation Index
658, -11.06%
Bearish
Neutral
US Vix
17.61,
44.82%
Bearish
Bearish
Skew
117
Neutral
Neutral
20
DMA, S and P 500
2994, Below
Bearish
Neutral
50
DMA, S and P 500
2928, Above
Bullish
Neutral
200
DMA, S and P 500
2790, Above
Bullish
Neutral
20
DMA, Nifty
11377,
Below
Neutral
Bearish
50
DMA, Nifty
11668,
Below
Neutral
Bearish
200
DMA, Nifty
11155,
Below
Neutral
Bearish
India
Vix
15.19,
25.18%
Neutral
Bearish
Dollar/Rupee
69.70,
1.19%
Neutral
Bearish
Overall
S
& P 500
Nifty
Bullish
Indications
4
2
Bearish
Indications
11
15
Outlook
Bearish
Bearish
Observation
The S
and P 500 and the Nifty fell hard last week. Indicators are bearish for the
week.
The
markets are on the verge of a great depression
style collapse
. Watch those stops.
On the
Horizon
US – PPI, UK – GDP, Japan
– GDP, India – RBI 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 august 05

The S and P 500 and the Nifty fell last week. Indicators are bearish for the upcoming week. QE forever from the FED is about to trigger
the deflationary collapse of the century and we have likely made another major top
in global equity markets
. The market has
established 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 2940
(up) and 2920 (down)
 on the S & P 500 and 11100 (up) and 10900 (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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