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Stock Market Signals for the US and Indian Stock Markets for the Upcoming Week beginning May 25

Indicator Weekly Level / Change / Significance Implication
for S&P 500
Implication
for Nifty*
S & P 500 2126, 0.16% Neutral** Neutral
Nifty 8459, 2.38% Neutral Bullish
China Shanghai Index 4658, 8.10% Bullish Bullish
Gold 1205, -1.44% Bearish Bearish
WTIC Crude 59.99, 0.03% Neutral Neutral
Copper 2.79, -4.68% Bearish Bearish
Baltic Dry Index 592, -6.62% Bearish Bearish
Euro 1.101, -3.91% Bearish Bearish
Dollar/Yen 121.53, 1.82% Bullish Bullish
Dow Transports 8482, -2.29% Bearish Bearish
US 10 year Bond Yield 2.22%, 3.46%    
Nyse Summation Index 274, 7.93% Bullish Bullish
US Vix 12.13, -2.02% Bullish Bullish
20 DMA, S&P 500 2110, Above Bullish Neutral
50 DMA, S&P 500 2096, Above Bullish Neutral
200 DMA, S&P 500 2038, Above Bullish Neutral
20 DMA, Nifty 8272, Above Neutral Bullish
50 DMA, Nifty 8471, Below Neutral Bearish
200 DMA, Nifty 8309, Above Neutral Bullish
India Vix 16.95, -14.47% Neutral Bullish
Dollar/Rupee 63.49, 0.08% Neutral Neutral
       
Overall S&P 500 Nifty  
Bullish Indications 7 8  
Bearish Indications 5 6  
Outlook Marginally Bullish Marginally Bullish  
Observation The Sand P 500 is at the top of its trading range close to all time highs while the Nifty outperformed last week. The 10 yr bond yields and transports are flashing warning signs. The Vix may be suggesting complacency.    
On the Horizon Greece, EU consumer confidence, Canadian CB Rate Decision, UK, US and Canadian GDP Estimates    
       
*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 a new indicator this week, the US 10 year bond yield. You can check out last weeks report for a comparison.

 

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