Indicator
|
Weekly Level / Change /
Significance
|
Implication for
S & P 500
|
Implication for Nifty*
|
S & P 500
|
2101,- 0.40%
|
Neutral
|
Neutral
|
Nifty
|
8381, 1.9%
|
Neutral**
|
Bullish
|
China Shanghai Index
|
4193, -6.37%
|
Bearish
|
Bearish
|
Gold
|
1174, -2.18%
|
Bearish
|
Bearish
|
WTIC Crude
|
59.65, -0.07%
|
Neutral
|
Neutral
|
Copper
|
2.64, 2.62%
|
Bullish
|
Bullish
|
Baltic Dry Index
|
823, 5.65%
|
Bullish
|
Bullish
|
Euro
|
1.1168, -1.74%
|
Bearish
|
Bearish
|
Dollar/Yen
|
123.87, 0.94%
|
Bullish
|
Bullish
|
Dow Transports
|
8242,- 2.01%
|
Bearish
|
Bearish
|
US 10 year Bond Yield
|
2.48%, 9.22%
|
Bearish
|
Bearish
|
Nyse Summation Index
|
-208, -4.43%
|
Bearish
|
Neutral
|
US Vix
|
14.02, 0.43%
|
Neutral
|
Neutral
|
20 DMA, S and P 500
|
2103, Below
|
Bearish
|
Neutral
|
50 DMA, S and P 500
|
2107, Below
|
Bearish
|
Neutral
|
200 DMA, S and P 500
|
2053, Above
|
Bullish
|
Neutral
|
20 DMA, Nifty
|
8181, Above
|
Neutral
|
Bullish
|
50 DMA, Nifty
|
8262, Above
|
Neutral
|
Bullish
|
200 DMA, Nifty
|
8364, Above
|
Neutral
|
Bullish
|
India Vix
|
15.76, 4.47%
|
Neutral
|
Bearish
|
Dollar/Rupee
|
63.45, -0.03%
|
Neutral
|
Neutral
|
Overall
|
S & P 500
|
Nifty
|
|
Bullish Indications
|
4
|
7
|
|
Bearish Indications
|
8
|
6
|
|
Outlook
|
Bearish
|
Marginally Bullish
|
|
Observation
|
The Sand P 500 was nominally
down last week while the Nifty outperformed significantly. The Vix,
transports and summation index are flashing warning signs. Market cycles are favorable
till July but indicators are turning bearish so a pull back is likely next week.
|
||
On the Horizon
|
Greece discussions, US, UK
and Canada PMI data, US payroll data
|
||
*Nifty
|
India’s
Benchmark Stock Index
|
||
Raw Data
|
Courtesy
Google finance, Stock charts
|
||
**Neutral
|
Changes
less than 0.5% are considered neutral
|
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