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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning May 30

Market Signals For The US Stock Market S And P 500 Index And Indian Stock Market Nifty Index For The Week Beginning May 30
Indicator
Weekly Level / Change
Implication for
S & P 500
Implication for Nifty*
S & P 500
2099, 2.28%
Bullish
Bullish
Nifty
8157, 5.25%
Neutral**
Bullish
China Shanghai Index
2821, -0.16%
Neutral
Neutral
Gold
1215,-3.00%
Bearish
Bearish
WTIC Crude
49.56, 2.23%
Bullish
Bullish
Copper
2.11, 2.65%
Bullish
Bullish
Baltic Dry Index
606, -3.04%
Bearish
Bearish
Euro
1.119, -0.25%
Neutral
Neutral
Dollar/Yen
110.34, 0.18%
Neutral
Neutral
Dow Transports
7772, 1.31%
Bullish
Bullish
High Yield (ETF)
35.27, 0.80%
Bullish
Bullish
US 10 year Bond Yield
1.85%, 0.11%
Neutral
Neutral
Nyse Summation Index
732, 1.16%
Bullish
Neutral
US Vix
13.12, -13.68%
Bullish
Bullish
20 DMA, S and P 500
2064, Above
Bullish
Neutral
50 DMA, S and P 500
2066, Above
Bullish
Neutral
200 DMA, S and P 500
2011, Above
Bullish
Neutral
20 DMA, Nifty
7842, Above
Neutral
Bullish
50 DMA, Nifty
7769, Above
Neutral
Bullish
200 DMA, Nifty
7786, Above
Neutral
Bullish
India Vix
15.26, -7.09%
Neutral
Bullish
Dollar/Rupee
67.03, -0.60%
Neutral
Bullish


Overall


S & P 500


Nifty

Bullish Indications
10

12
Bearish Indications
2
2
Outlook
Bullish
Bullish
Observation
The Sand P 500 and the Nifty rallied strong last week. Indicators are bullish.
Markets are challenging resistance again. Time to tighten those stops.
On the Horizon
China –PMI, Australia – GDP, Euro Zone –German CPI, Employment data, Euro zone CPI, ECB rate decision,
Switzerland – GDP,  U.S – ISM, Personal consumption expenditure, Consumer confidence, Employment data, Canada – GDP
*Nifty
India’s Benchmark Stock Market Index


This post first appeared on Ahead Of The Curve, please read the originial post: here

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Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning May 30

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