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

Interesting Market News and Views from Global Financial Markets-8

1)The stock market looks more like the crash of 1937 — not the rebound of 2011

From uk.businessinsider.com - November 19, 11:34 PM

"Interestingly, based simply on correlations the current market fits very closely with that of 1937."

2) Ahead Of Black Friday, Enthusiasm For Retail ETFs Wanes - MarketWatch

From www.marketwatch.com - November 19, 11:34 PM

Benzinga Ahead Of Black Friday, Enthusiasm For Retail ETFs Wanes MarketWatch XRT, the largest dedicated retail ETF, has shed 5 percent over the past week and more than 6 percent over the past month, giving traders and investors good reason to mull..."

3) 3 reasons to be bullish on gold in 2016 - Financial Post

From business.financialpost.com - Today, 5:51 PM

Gold prices recently hit yet another five-year low, but HSBC is calling for a bounce back in 2016"

4) Valuations Are 80% Of The Stock Investing Story - Seeking Alpha

From seekingalpha.com - Today, 5:53 PM

By Rob BennettI often make the claim that it is a terrible mistake for buy-and-holders not to take valuations into consideration when setting their stock allocations, because the peer-reviewed research..."

5) Here's a Great Options Strategy for When You're Bullish on a Stock - TheStreet.com

From www.thestreet.com - Today, 5:51 PM

The covered combination is a great options strategy for moderately bullish investors who are willing to sell their stock or buy more at the right price."

6) Crude Oil Prices As Oversold As 1999 Low - See It Market (blog)

From www.seeitmarket.com - Today, 5:52 PM

Crude Oil is quite simply the most important commodity on the planet. And crude oil prices are currently as oversold as they were at the 1999 low."