• 260 days Will The ECB Continue To Hike Rates?
  • 261 days Forbes: Aramco Remains Largest Company In The Middle East
  • 262 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 662 days Could Crypto Overtake Traditional Investment?
  • 667 days Americans Still Quitting Jobs At Record Pace
  • 669 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 672 days Is The Dollar Too Strong?
  • 672 days Big Tech Disappoints Investors on Earnings Calls
  • 673 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 675 days China Is Quietly Trying To Distance Itself From Russia
  • 675 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 679 days Crypto Investors Won Big In 2021
  • 679 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 680 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 682 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 683 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 686 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 687 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 687 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 689 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  1. Home
  2. Markets
  3. Other

Weekly Stock Market Signals for The US and Indian Stock Markets for The Upcoming Week Beginning May 11

Indicator Weekly Level / Change / Significance Implication
for S&P 500
Implication
for Nifty*
S&P 500 2116, 0.40% Neutral** Neutral
Nifty 8192, 0.10% Neutral Neutral
China Shanghai Index 4206, -5.3% Bearish Bearish
Gold 1187, 0.90% Bullish Bullish
WTIC Crude 59.5, 0.40% Neutral Neutral
Copper 2.91, -0.90% Bearish Bearish
Baltic Dry Index 574, -2.20% Bearish Bearish
Euro 1.120, 0.10% Neutral Neutral
Dollar/Yen 119.76, -0.3% Neutral Neutral
Dow Transports 8767, 0.30% Neutral Neutral
Nyse Summation Index 306, -37% Bearish Bearish
US Vix 12.86, 1.30% Bearish Bearish
20 DMA, S and P 500 2102, Above Bullish Neutral
50 DMA, S and P 500 2089, Above Bullish Neutral
200 DMA, S and P 500 2030, Above Bullish Neutral
20 DMA, Nifty 8417, Below Neutral Bearish
50 DMA, Nifty 8574, Below Neutral Bearish
200 DMA, Nifty 8271, Below Neutral Bearish
India Vix 19.11, 11% Neutral Bearish
Dollar/Rupee 63.75, 0.1% Neutral Neutral
       
Overall  S&P 500 Nifty  
Bullish Indications 4 1  
Bearish Indications 5 9  
Outlook Marginally Bearish Bearish  
Observation The Sand P 500 is at the top of its trading range while the Nifty is at the lower end of its range. The summation index is still flashing warning signs.    
On the Horizon Greece, Italy and German GDP, US PPI and retail sales    
       
*Nifty India's Benchmark Stock Index    
Raw Data Courtesy Google finance, Stock charts    
**Neutral Changes less than 0.5% are considered neutral    

I have added three new indicators this week, the Chinese stock market index, the India Vix and the Dollar/Rupee rate.

 

Back to homepage

Leave a comment

Leave a comment