Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 12

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2919, -0.46%
Neutral
Neutral
Nifty
11110,
1.02%
Neutral
**
Bullish
China
Shanghai Index
2919, -3.25%
Bearish
Bearish
Gold
1508, 3.49%
Bullish
Bullish
WTIC Crude
54.22,
-2.59%
Bearish
Bearish
Copper
2.59, 0.97%
Bullish
Bullish
Baltic
Dry Index
1748, -2.24%
Bearish
Bearish
Euro
1.1200,
0.82%
Bullish
Bullish
Dollar/Yen
105.70,
-0.83%
Bearish
Bearish
Dow
Transports
10207,
-1.61%
Bearish
Bearish
High Yield
(Bond)
107.93,
-0.28%
Neutral
Neutral
US 10
year Bond Yield
1.75%,
-5.69%
Bullish
Bullish
Nyse
Summation Index
435, -33.92%
Bearish
Neutral
US Vix
17.97,
2.04%
Bearish
Bearish
Skew
116
Neutral
Neutral
20
DMA, S and P 500
2969, Below
Bearish
Neutral
50
DMA, S and P 500
2937, Below
Bearish
Neutral
200
DMA, S and P 500
2793, Above
Bullish
Neutral
20
DMA, Nifty
11231,
Below
Neutral
Bearish
50
DMA, Nifty
11574,
Below
Neutral
Bearish
200
DMA, Nifty
11167,
Below
Neutral
Bearish
India
Vix
15.85,
4.33%
Neutral
Bearish
Dollar/Rupee
70.93,
0.73%
Neutral
Bearish
Overall
S
& P 500
Nifty
Bullish
Indications
5
5
Bearish
Indications
9
11
Outlook
Bearish
Bearish
Observation
The S
and P 500 fell and the Nifty rebounded 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 – CPI, UK – Employment
data, CPI, Eurozone – German 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 august 11

The S and P 500 fell and the Nifty rebounded 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 and are failing at resistance
. 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 2930 (up) and 2910 (down) on the S & P 500 and 11200 (up) and 11000
(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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