|
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
|
S
& P 500
|
2096, -0.15%
|
Neutral
|
Neutral
|
|
Nifty
|
8170, -0.62%
|
Neutral**
|
Bearish
|
|
China
Shanghai Index
|
2927, -0.39%
|
Bearish
|
Bearish
|
|
Gold
|
1276, 2.39%
|
Bullish
|
Bullish
|
|
WTIC
Crude
|
48.88, -0.04%
|
Neutral
|
Neutral
|
|
Copper
|
2.03, -4.41%
|
Bearish
|
Bearish
|
|
Baltic
Dry Index
|
611, 0.16%
|
Neutral
|
Neutral
|
|
Euro
|
1.132, -0.46%
|
Neutral
|
Neutral
|
|
Dollar/Yen
|
106.92, 0.37%
|
Neutral
|
Neutral
|
|
Dow
Transports
|
7765, 0.45%
|
Neutral
|
Neutral
|
|
High
Yield (ETF)
|
35.28, 0.43%
|
Neutral
|
Neutral
|
|
US
10 year Bond Yield
|
1.64%, -3.81%
|
Bullish
|
Bullish
|
|
Nyse
Summation Index
|
990, 17.45%
|
Bullish
|
Neutral
|
|
US
Vix
|
17.03, 26.43%
|
Bearish
|
Bearish
|
|
20
DMA, S and P 500
|
2083, Above
|
Bullish
|
Neutral
|
|
50
DMA, S and P 500
|
2076, Above
|
Bullish
|
Neutral
|
|
200
DMA, S and P 500
|
2015, Above
|
Bullish
|
Neutral
|
|
20
DMA, Nifty
|
8043, Above
|
Neutral
|
Bullish
|
|
50
DMA, Nifty
|
7891, Above
|
Neutral
|
Bullish
|
|
200
DMA, Nifty
|
7772, Above
|
Neutral
|
Bullish
|
|
India
Vix
|
15.97, 6.50%
|
Neutral
|
Bearish
|
|
Dollar/Rupee
|
66.97, 0.28%
|
Neutral
|
Neutral
|
|
Overall
|
S
& P 500
|
Nifty
|
|
|
Bullish
Indications
|
6
|
5
|
|
|
Bearish
Indications
|
3
|
5
|
|
|
Outlook
|
Bullish
|
Neutral
|
|
|
Observation
|
The
Sand P 500 was unchanged and the Nifty fell last week. Indicators are mixed.
Markets
are failing at resistance again. Time to tighten those stops.
|
||
|
On
the Horizon
|
China
– New loan data, Japan – Rate decision, Australia – Employment data, New
Zealand – GDP, Switzerland – Rate decision, England – CPI, Rate decision,
U.S
– Retail sales, FOMC rate decision, CPI, Canada – CPI
|
||
|
*Nifty
|
India’s
Benchmark Stock Market Index
|
||
|
Raw
Data
|
Courtesy
Google finance, Stock charts, FXCM
|
||
|
**Neutral
|
Changes less than 0.5% are considered
neutral
|
The Sand
P 500 was unchanged and the Nifty fell last week. Signals are mixed for the
upcoming week. The big move up in the Vix is suggesting some serious down side
ahead. The markets are failing at resistance and are likely to continue major
breakdowns in 2016.
The critical levels to watch are 2110 (up) and 2080 (down)
on the S & P and 8250 (up) and 8100 (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. You can also check out support
and resistance levels of the S
and P 500 and Nifty Indices. Love
your thoughts and feedback.
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