Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning August 26

Indicator
Weekly
Level / Change
Implication
for
S
& P 500
Implication
for Nifty*
S
& P 500
2847, -1.44%
Bearish
Bearish
Nifty
10829,
-1.98%
Neutral
**
Bearish
China
Shanghai Index
2897, 2.61%
Bullish
Bullish
Gold
1537, 0.86%
Bullish
Bullish
WTIC Crude
53.95,
-1.68%
Bearish
Bearish
Copper
2.54, -2.35%
Bearish
Bearish
Baltic
Dry Index
2168, 3.83%
Bullish
Bullish
Euro
1.1142,
0.47%
Neutral
Neutral
Dollar/Yen
105.41,
-0.91%
Bearish
Bearish
Dow
Transports
9740, -2.28%
Bearish
Bearish
High
Yield (Bond)
108.04,
0.52%
Bullish
Bullish
US 10
year Bond Yield
1.53%,
-2.61%
Bullish
Bullish
Nyse
Summation Index
287, 9.18%
Bullish
Neutral
US Vix
19.87,
7.58%
Bearish
Bearish
Skew
113
Neutral
Neutral
20
DMA, S and P 500
2914, Below
Bearish
Neutral
50
DMA, S and P 500
2947, Below
Bearish
Neutral
200
DMA, S and P 500
2803, Above
Bullish
Neutral
20
DMA, Nifty
11014,
Below
Neutral
Bearish
50
DMA, Nifty
11414,
Below
Neutral
Bearish
200
DMA, Nifty
11197,
Below
Neutral
Bearish
India
Vix
17.35,
4.20%
Neutral
Bearish
Dollar/Rupee
71.51,
0.50%
Neutral
Bearish
Overall
S
& P 500
Nifty
Bullish
Indications
7
5
Bearish
Indications
8
11
Outlook
Bearish
Bearish
Observation
The S
and P 500 and the Nifty fell 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 – GDP, Eurozone
– CPI, German GDP, German employment data
*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 26

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 and are failing at resistance
. The market has established a major top with
non-conformations from the transports, other global indices and commodities and
a 200 point drop in the S and P 500 looks imminent
. 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 2860
(up) and 2835 (down)
 on the S & P 500 and 10900 (up) and 10750 (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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