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Midweek Market Insight
Midweek Market Insight
This video shows key time-series analyses techniques such as ARIMA, Granger Causality, Co-integration, and VECM performed via GRETL. Key dia...
Indicator
|
Weekly Level / Change
|
Implication for
S & P 500
|
Implication for Nifty*
|
S & P 500
|
2500, 1.58%
|
Bullish
|
Bullish
|
Nifty
|
10085, 1.52%
|
Neutral **
|
Bullish
|
China Shanghai Index
|
3353, -0.35%
|
Neutral
|
Neutral
|
Gold
|
1325, -1.92%
|
Bearish
|
Bearish
|
WTIC Crude
|
49.89, 5.08%
|
Bullish
|
Bullish
|
Copper
|
2.95, -3.04%
|
Bearish
|
Bearish
|
Baltic Dry Index
|
1361, 5.02%
|
Bullish
|
Bullish
|
Euro
|
1.1945, -0.75%
|
Bearish
|
Bearish
|
Dollar/Yen
|
110.88, 2.85%
|
Bullish
|
Bullish
|
Dow Transports
|
9546, 1.73%
|
Bullish
|
Bullish
|
High Yield (ETF)
|
37.17, 0.65%
|
Bullish
|
Bullish
|
US 10 year Bond Yield
|
2.20%, 6.84%
|
Bearish
|
Bearish
|
Nyse Summation Index
|
536, 54.40%
|
Bullish
|
Neutral
|
US Vix
|
10.17, -16.09%
|
Bullish
|
Bullish
|
Skew
|
145
|
Bearish
|
Bearish
|
20 DMA, S and P 500
|
2463, Above
|
Bullish
|
Neutral
|
50 DMA, S and P 500
|
2462, Above
|
Bullish
|
Neutral
|
200 DMA, S and P 500
|
2375, Above
|
Bullish
|
Neutral
|
20 DMA, Nifty
|
9927, Above
|
Neutral
|
Bullish
|
50 DMA, Nifty
|
9917, Above
|
Neutral
|
Bullish
|
200 DMA, Nifty
|
9187, Above
|
Neutral
|
Bullish
|
India Vix
|
11.68, -9.91%
|
Neutral
|
Bullish
|
Dollar/Rupee
|
64.13, 0.26%
|
Neutral
|
Neutral
|
Overall
|
S & P 500
|
Nifty
|
|
Bullish Indications
|
11
|
11
|
|
Bearish Indications
|
5
|
6
|
|
Outlook
|
Bullish
|
Bullish
|
|
Observation
|
The S and P 500 made a new high and
the rallied last week. Indicators are bullish.
The market is topping. Time to
tighten those stops.
|
||
On the Horizon
|
New Zealand – GDP, UK – Retail sales,
Euro Zone – CPI, German ZEW economic sentiment, German PMI, U.S – Home sales,
Oil inventories, FOMC rate decision, Canada – CPI, Retail sales
|
||
*Nifty
|
India’s Benchmark Stock Market Index
|
||
Raw Data
|
Courtesy Google finance, Stock
charts, investing.com
|
||
**Neutral
|
Changes less than 0.5% are considered
neutral
|
AMD has failed to clear the 2018 high around $34.20. It is retreating, and has broken an August/September sup...