| 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.
