Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning November 2

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2079, 0.20%	Neutral	Neutral
Nifty	8066,- 2.77%	Neutral**	Bearish
China Shanghai Index	3383, -0.88%	Bearish	Bearish
Gold	1142, -1.92%	Bearish	Bearish
WTIC Crude	46.39, 3.71%	Bullish	Bullish
Copper	2.32, -1.38%	Bearish	Bearish
Baltic Dry Index	721, -6.85%	Bearish	Bearish
Euro	1.1007, -0.07%	Neutral	Neutral
Dollar/Yen	120.61, -0.70%	Bearish	Bearish
Dow Transports	8128, -2.02%	Bearish	Bearish
US 10 year Bond Yield	2.15%, 3.26%	Bearish	Bearish
Nyse Summation Index	412, 10.55%	Bullish	Neutral
US Vix	15.07, 4.22%	Bearish	Bearish
20 DMA, S and P 500	2034, Above	Bullish	Neutral
50 DMA, S and P 500	1980, Above	Bullish	Neutral
200 DMA, S and P 500	2062, Above	Bullish	Neutral
20 DMA, Nifty	8172, Below	Neutral	Bearish
50 DMA, Nifty	8016, Above	Neutral	Bullish
200 DMA, Nifty	8375, Below	Neutral	Bearish
India Vix	17.88, 10.42%	Neutral	Bearish
Dollar/Rupee	65.39, 0.58%	Neutral	Bearish
Overall	S & P 500	Nifty
Bullish Indications	5	2
Bearish Indications	8	13
Outlook	Bullish	Bullish
Observation	The Sand P 500 was unchanged and the Nifty significantly under performed last week. Indicators are bearish. The Vix is still indicating complacency. Looking for a top soon.
On the Horizon	Australia – RBA rate decision, New Zealand – Employment data, Canada - Employment data, U.K – Asset Purchases, BOE rate decision, U.S – ISM, Employment data.
*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 unchanged last week while the Nifty sold off sharply. Signals are bearish for the upcoming week and the recent bounce is on the verge of completion. The markets are likely top out soon, with most emerging markets and commodities already breaking down. There will be more& downside upcoming in the #Nifty and the S and P 500, with at least a retest of the lows for the S and P 500 near 1867 and Nifty near 7550 in the upcoming months. You can check out last weeks report for a comparison. You can also check out snapshots of the S and P
500 and Nifty Indices. Love your thoughts and feedback. Love your thoughts and feedback.

Market Signals for the US & Indian Stock Market for the Week Beginning November 2 https://t.co/IKMVh8dO30 pic.twitter.com/9ZKNGcl6LP

— samuelR (@RajveerRawlin) November 1, 2015