Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning December 02

Indicator	Weekly Level / Change	Implication for S & P 500	Implication for Nifty*
S & P 500	3141, 0.99%	Bullish	Bullish
Nifty	12056, 1.19%	Neutral **	Bullish
China Shanghai Index	2872, -0.46%	Neutral	Neutral
Gold	1470, -0.01%	Neutral	Neutral
WTIC Crude	55.42, -4.07%	Bearish	Bearish
Copper	2.66, 0.08%	Neutral	Neutral
Baltic Dry Index	1440, 12.15%	Bullish	Bullish
Euro	1.1017,- 0.06%	Neutral	Neutral
Dollar/Yen	109.52, 0.79%	Bullish	Bullish
Dow Transports	10858, 0.67%	Bullish	Bullish
High Yield (Bond)	108.34, 0.39%	Neutral	Neutral
US 10 year Bond Yield	1.77%, -0.29%	Neutral	Neutral
Nyse Summation Index	560, 2.95%	Bullish	Neutral
US Vix	12.70, 2.92%	Bearish	Bearish
Skew	130	Neutral	Neutral
20 DMA, S and P 500	3105, Above	Bullish	Neutral
50 DMA, S and P 500	3029, Above	Bullish	Neutral
200 DMA, S and P 500	2927, Above	Bullish	Neutral
20 DMA, Nifty	11964, Above	Neutral	Bullish
50 DMA, Nifty	11626, Above	Neutral	Bullish
200 DMA, Nifty	11434, Above	Neutral	Bullish
India Vix	13.90, -6.56%	Neutral	Bullish
Dollar/Rupee	71.75, -0.06%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	8	9
Bearish Indications	2	2
Outlook	Bullish	Bullish
Observation	The S and P 500 and the Nifty were up last week. Indicators are bullish for the week. The markets are on the verge of a great depression style collapse. Watch those stops.
On the Horizon	India – RBI rate decision, US – Employment data
*Nifty	India’s Benchmark Stock Market Index
Raw Data	Courtesy Stock charts, investing.com
**Neutral	Changes less than 0.5% are considered neutral

The S and P 500 and the Nifty were up last week. Indicators are bullish for the upcoming week. QE forever from the FED is about to trigger the deflationary collapse of the century and we are likely making another major top in global equity markets. The market is looking like the short of a life time with non-conformations from the transports, other global indices and commodities and insane valuations. A massive drop in the S and P 500 looks imminent. The trend is about to change from bullish to bearish and the markets are about to get smashed by a strong dollar. Looking for significant under performance in the Nifty going forward on rapidly deteriorating macros. A 5 year deflationary wave is about to start in key asset classes like the Euro, stocks and commodities amidst a number of bearish divergences and over stretched valuations. We are on the verge of a multi-year great depression. The markets are still trading well over 3 standard deviations above their long term averages from which corrections usually result. Tail risk has been very high off late as the yield curve inverts. The critical levels to watch for the week are 3150 (up) and 3130 (down) on the S & P 500 and 12150 (up) and 11950 (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. 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 Week beginning November 25

Indicator	Weekly Level / Change	Implication for S & P 500	Implication for Nifty*
S & P 500	3110, -0.38%	Neutral	Neutral
Nifty	11914, 0.25%	Neutral **	Neutral
China Shanghai Index	2885, -0.44%	Neutral	Neutral
Gold	1465, -0.33%	Neutral	Neutral
WTIC Crude	57.77, 1.47%	Bullish	Bullish
Copper	2.65, 0.38%	Neutral	Neutral
Baltic Dry Index	1284, -5.38%	Bearish	Bearish
Euro	1.1021,- 0.46%	Neutral	Neutral
Dollar/Yen	108.78, 0.10%	Neutral	Neutral
Dow Transports	10785, -0.86%	Bearish	Bearish
High Yield (Bond)	107.92, -0.16%	Neutral	Neutral
US 10 year Bond Yield	1.77%, -2.09%	Bullish	Bullish
Nyse Summation Index	544, -16.99%	Bearish	Neutral
US Vix	12.34, 2.41%	Bearish	Bearish
Skew	126	Neutral	Neutral
20 DMA, S and P 500	3085, Above	Bullish	Neutral
50 DMA, S and P 500	3018, Above	Bullish	Neutral
200 DMA, S and P 500	2919, Above	Bullish	Neutral
20 DMA, Nifty	11876, Above	Neutral	Bullish
50 DMA, Nifty	11518, Above	Neutral	Bullish
200 DMA, Nifty	11399, Above	Neutral	Bullish
India Vix	14.87, -5.60%	Neutral	Bullish
Dollar/Rupee	71.79, -0.21%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	5	6
Bearish Indications	4	3
Outlook	Bullish	Bullish
Observation	The S and P 500 was and the Nifty were unchanged last week. Indicators are marginally bullish for the week. The markets are on the verge of a great depression style collapse. Watch those stops.
On the Horizon	Eurozone – German unemployment data, CPI, US – GDP
*Nifty	India’s Benchmark Stock Market Index
Raw Data	Courtesy Stock charts, investing.com
**Neutral	Changes less than 0.5% are considered neutral

The S and P 500 and the Nifty were relatively unchanged last week. Indicators are marginally bullish for the upcoming week. QE forever from the FED is about to trigger the deflationary collapse of the century and we are likely making another major top in global equity markets that will probably fail at resistance near 3125 on the Sand P 500. The market is looking like the short of a life time with non-conformations from the transports, other global indices and commodities and insane valuations. A massive drop in the S and P 500 looks imminent. The trend is about to change from bullish to bearish and the markets are about to get smashed by a strong dollar. Looking for significant under performance in the Nifty going forward on rapidly deteriorating macros. A 5 year deflationary wave is about to start in key asset classes like the Euro, stocks and commodities amidst a number of bearish divergences and over stretched valuations. We are on the verge of a multi-year great depression. The markets are still trading well over 3 standard deviations above their long term averages from which corrections usually result. Tail risk has been very high off late as the yield curve inverts. The critical levels to watch for the week are 3120 (up) and 3100 (down) on the S & P 500 and 12000 (up) and 11800 (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. Love your thoughts and feedback.