Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 19

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2889, -1.03%
Bearish
Bearish
Nifty
11048,
-0.56%
Neutral
**
Bearish
China
Shanghai Index
2824, 1.77%
Bullish
Bullish
Gold
1524, 1.01%
Bullish
Bullish
WTIC Crude
54.81,
0.57%
Bullish
Bullish
Copper
2.59, -0.12%
Neutral
Neutral
Baltic
Dry Index
2088, 19.45%
Bullish
Bullish
Euro
1.1091,
-0.97%
Bearish
Bearish
Dollar/Yen
106.38,
0.67%
Bullish
Bullish
Dow
Transports
9967, -2.35%
Bearish
Bearish
High
Yield (Bond)
107.47,
-0.13%
Neutral
Neutral
US 10
year Bond Yield
1.56%,
-10.47%
Bullish
Bullish
Nyse
Summation Index
263, -39.55%
Bearish
Neutral
US Vix
18.47,
2.78%
Bearish
Bearish
Skew
116
Neutral
Neutral
20
DMA, S and P 500
2940, Below
Bearish
Neutral
50
DMA, S and P 500
2945, Below
Bearish
Neutral
200
DMA, S and P 500
2798, Above
Bullish
Neutral
20
DMA, Nifty
11134,
Below
Neutral
Bearish
50
DMA, Nifty
11513,
Below
Neutral
Bearish
200
DMA, Nifty
11178,
Below
Neutral
Bearish
India
Vix
16.65,
5.06%
Neutral
Bearish
Dollar/Rupee
71.16,
0.33%
Neutral
Neutral
Overall
S
& P 500
Nifty
Bullish
Indications
7
6
Bearish
Indications
7
9
Outlook
Neutral
Bearish
Observation
The S
and P 500 and the Nifty fell last week. Indicators are mixed for the week.
The
markets are on the verge of a great depression
style collapse
. Watch those stops.
On the
Horizon
US – FED talk, Eurozone – CPI
*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 19

The S and P 500 and the Nifty fell last week. Indicators are mixed 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 2900 (up) and 2875 (down) on the S & P 500 and 11150 (up) and 10950
(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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