stock market signals for the week beginning june 1
TRANSCRIPT
Weekly Stock Market Signals for the US and Indian Stock Market ,
Week of Jun 1, 2015
Ahead of the Curve, http://rajveersmarketviews.blogspot.in Page 1
Indicator
Weekly Level / Change /
Significance
Implication for
S & P 500
Implication for
Nifty*
S & P 500 2107, -0.88% Bearish Bearish
Nifty 8434, -0.30% Neutral** Neutral
China Shanghai Index 4612, -0.99% Bearish Bearish
Gold 1191, -1.24% Bearish Bearish
WTIC Crude 60.23, 0.40% Neutral Neutral
Copper 2.73, -2.04% Bearish Bearish
Baltic Dry Index 589, 0.51% Bullish Bullish
Euro 1.099, -0.231% Neutral Neutral
Dollar/Yen 124.13, 2.08% Bullish Bullish
Dow Transports 8300, -2.15% Bearish Bearish
US 10 year Bond Yield 2.10%, -5.42% Bullish Bullish
Nyse Summation Index 175, -36.21% Bearish Bearish
US Vix 13.84, 14.10% Bearish Bearish
20 DMA, S and P 500 2112, Below Bearish Neutral
50 DMA, S and P 500 2099, Above Bullish Neutral
200 DMA, S and P 500 2042, Above Bullish Neutral
20 DMA, Nifty 8301, Above Neutral Bullish
50 DMA, Nifty 8438, Below Neutral Bearish
200 DMA, Nifty 8324, Above Neutral Bullish
India Vix 16.66, -1.71% Neutral Bullish
Dollar/Rupee 63.74, 0.40% Neutral Neutral
Overall S & P 500 Nifty
Bullish Indications 5 6
Bearish Indications 8 8
Outlook Bearish Marginally Bearish
Observation
The Sand P 500 is putting in a
short term top while the Nifty
outperformed last week. The
summation index and transports
are implying deteriorating
market internals. The Vix is also
indicating a topping process in
the market.
On the Horizon
Greece, PMI’s from US and UK,
Australia (RBA), India (RBI), ECB
and UK rate decisions, US and
Canada employment data
*Nifty India’s Benchmark Stock Index
Raw Data Courtesy Google finance, Stock charts **Neutral Changes less than 0.5% are considered
neutral