Interesting Market News and Views from Global Financial Markets-9

1) SP-500 Weekly Rounded Top Pattern - Fearless Forecasters

From www.traders-talk.com -December 2, 8:52 AM

SP-500 Weekly Rounded Top Pattern - posted in Fearless Forecasters:"

Rajveer Rawlin's insight:

Rounding top nearing completion

2) Keeping An Open Mind About The U.S. Stock Market

From seekingalpha.com - December 2, 6:19 PM

Editor's note: Originally published at tsi-blog.com on December 2, 2015.I have kept an open mind over the past few months as to whether the July-September decline in US equities was the first leg of a..."

3) Watch these 3 charts when the Fed makes a rate move

From www.marketwatch.com - December 2, 6:19 PM

The Federal Reserve rate increase could come as early as December and there are still lots of factors that haven’t been priced into the markets, argue analysts at Société Générale."

4) This chart warns that stock market investors should be on high alert

From www.marketwatch.com - December 2, 6:20 PM

The long-term downtrend in the high-yield, or “junk,” corporate bond market, is suggesting that liquidity is drying up, which could be warning that the stock market is in danger."

5) 3 Numbers: Eurozone deflation risk receding, but only slightly

From www.tradingfloor.com - December 2, 6:18 PM

The consensus points to a 0.3% rise in Eurozone CPI, but there's enough downside macro risk to make it likely more stimulus will be unveiled in tomorrow’s ECB announcement."

6) The GDP In Charts: Deflation Helps Indian Economy Grow 7.4% But Nominal Growth at 6%

From capitalmind.in - December 2, 6:18 PM

India's GDP growth in the Sep 2015 quarter came in at 7.4%, which would be awesome, except that it's the "real" GDP, which is the number that you can see ("nominal" GDP) minus inflation."

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

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2090, 0.05%	Neutral	Neutral
Nifty	7943, 1.10%	Neutral**	Bullish
China Shanghai Index	3436, -5.35%	Bearish	Bearish
Gold	1056, -1.91%	Bearish	Bearish
WTIC Crude	41.77, 0.75%	Bullish	Bullish
Copper	2.05, 0.69%	Bullish	Bullish
Baltic Dry Index	581, 16.67%	Bullish	Bullish
Euro	1.0595, -0.50%	Bearish	Bearish
Dollar/Yen	122.83, 0.06%	Neutral	Neutral
Dow Transports	8215, -1.04%	Bearish	Bearish
US 10 year Bond Yield	2.23%, -1.64%	Bullish	Bullish
Nyse Summation Index	253, 32.59%	Bullish	Neutral
US Vix	15.12, -2.26%	Bullish	Bullish
20 DMA, S and P 500	2081, Above	Bullish	Neutral
50 DMA, S and P 500	2029, Above	Bullish	Neutral
200 DMA, S and P 500	2065, Above	Bullish	Neutral
20 DMA, Nifty	7905, Above	Neutral	Bullish
50 DMA, Nifty	7997, Below	Neutral	Bearish
200 DMA, Nifty	8306, Below	Neutral	Bearish
India Vix	16.73, 5.24%	Neutral	Bearish
Dollar/Rupee	66.91, 1.21%	Neutral	Bearish
Overall	S & P 500	Nifty
Bullish Indications	9	7
Bearish Indications	4	8
Outlook	Bullish	Bearish
Observation	The Sand P 500 and the Nifty were up last week. Indicators are bullish. Markets are back at resistance and the Vix is signaling complacency. A major break out is likely this week.
On the Horizon	Australia - Rate decision, Canada - Rate decision, Swiss – Retail sales, Euro zone – German employment data, CPI & PPI, ECB rate decision, U.S – employment data, India – Rate decision, GDP.
*Nifty	India’s Benchmark Stock Market Index
Raw Data	Courtesy Google finance, Stock charts, FXCM
**Neutral	Changes less than 0.5% are considered neutral

The US market was up slightly and the Nifty rallied last week. Signals are mixed for the upcoming week. The markets are back at resistance and are likely to correct with most emerging markets, and commodities already breaking down on a strong dollar and a hawkish FED.  The critical levels to watch are 2100 (up) and 2065 (down) on the S & P and 8000 (up) and 7800 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the above markets. You can check out last week’s report for a comparison. You can also check out snapshots of the S and P 500 and Nifty Indices. Love your thoughts and feedback.

Market signals for the us stock market s and p 500 index and indian stock market nifty index for the from Rajveer Rawlin