Here
is your daily insight from global financial markets. Today's post is an
aggregate of interesting news and views form the Stock, FOREX and
Commodity markets and the Economy:
Daily Market Insight
Daily Market Insight
This video shows key time-series analyses techniques such as ARIMA, Granger Causality, Co-integration, and VECM performed via GRETL. Key dia...
Time | Standard Deviations above Mean | %Loss from Top |
August 1987 | 4.57 | 33% |
July 1998 | 4.93 | 18% |
March 2000 | 4.63 | 26% |
May 2001 | 3.20 | 25% |
October 2007 | 2.84 | 56% |
July 2015 | 3.04 | 16% |
Indicator
|
Weekly
Level / Change
|
Implication
for
S
& P 500
|
Implication
for Nifty*
|
S
& P 500
|
2473, 0.54%
|
Bullish
|
Bullish
|
Nifty
|
9915, 0.28%
|
Neutral
**
|
Neutral
|
China
Shanghai Index
|
3238, 0.48%
|
Neutral
|
Neutral
|
Gold
|
1255, 2.23%
|
Bullish
|
Bullish
|
WTIC
Crude
|
45.77, -1.65%
|
Bearish
|
Bearish
|
Copper
|
2.72, 1.17%
|
Bullish
|
Bullish
|
Baltic
Dry Index
|
964, 8.56%
|
Bullish
|
Bullish
|
Euro
|
1.1661, 1.69%
|
Bullish
|
Bullish
|
Dollar/Yen
|
111.13, -1.23%
|
Bearish
|
Bearish
|
Dow
Transports
|
9471, -2.79%
|
Bearish
|
Bearish
|
High
Yield (ETF)
|
37.32, 0.35%
|
Neutral
|
Neutral
|
US
10 year Bond Yield
|
2.23%, -3.75%
|
Bullish
|
Bullish
|
Nyse
Summation Index
|
728, 22.48%
|
Bullish
|
Neutral
|
US
Vix
|
9.36, -1.58%
|
Bullish
|
Bullish
|
Skew
|
135
|
Neutral
|
Neutral
|
20
DMA, S and P 500
|
2441, Above
|
Bullish
|
Neutral
|
50
DMA, S and P 500
|
2427, Above
|
Bullish
|
Neutral
|
200
DMA, S and P 500
|
2314, Above
|
Bullish
|
Neutral
|
20
DMA, Nifty
|
9720, Above
|
Neutral
|
Bullish
|
50
DMA, Nifty
|
9628, Above
|
Neutral
|
Bullish
|
200
DMA, Nifty
|
8905, Above
|
Neutral
|
Bullish
|
India
Vix
|
11.09, -0.78%
|
Neutral
|
Bullish
|
Dollar/Rupee
|
64.46, 0.31%
|
Neutral
|
Neutral
|
Overall
|
S
& P 500
|
Nifty
|
|
Bullish
Indications
|
10
|
11
|
|
Bearish
Indications
|
3
|
3
|
|
Outlook
|
Bullish
|
Bullish
|
|
Observation
|
The
S and P 500 and the Nifty made new highs last week. Indicators are bullish.
The
market is in unchartered territory. Time to tighten those stops.
|
||
On
the Horizon
|
Russia
– Rate decision, UK - GDP, Australia – CPI, Euro Zone – PMI, German IFO business
index, Rate decision, U.S –Oil inventories, Existing and new home sales, Consumer
confidence, Durable goods, FOMC rate decision, GDP, Canada – GDP
|
||
*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...