Market Signals for the US stock market S and P 500Index and Indian Stock Market Nifty Index for theWeek beginning December 07

rajveersmarketviews.blogspot.com /2015/12/market-signals-for-us-stock-market-s.html

Indicator Weekly Level / Change / Significance Implicationfor

S & P 500

Implicationfor Nifty*

S & P 500 2092, 0.08% Neutral Neutral

Nifty 7782, -2.02% Neutral** Bearish

ChinaShanghaiIndex

3525, 2.58% Bullish Bullish

Gold 1086, 2.81% Bullish Bullish

WTIC Crude 40.14, -3.90% Bearish Bearish

Copper 2.08, 1.14% Bullish Bullish

Baltic DryIndex

563, -3.10% Bearish Bearish

Euro 1.0900, 2.87% Bullish Bullish

Dollar/Yen 123.11, -0.20% Neutral Neutral

DowTransports

7955, -3.17% Bearish Bearish

US 10 yearBond Yield

2.28%, 2.25% Bearish Bearish

NyseSummationIndex

253, -0.15% Neutral Neutral

US Vix 14.81, -2.05% Bullish Bullish

20 DMA, Sand P 500

2076, Above Bullish Neutral

50 DMA, Sand P 500

2042, Above Bullish Neutral

200 DMA, Sand P 500

2065, Above Bullish Neutral

20 DMA,Nifty

7862, Below Neutral Bearish

50 DMA,Nifty

7999, Below Neutral Bearish

200 DMA,Nifty

8288, Below Neutral Bearish

India Vix 16.08, -3.86% Neutral Bullish

Dollar/Rupee 66.64, -0.39% Neutral Neutral

Overall S & P 500 Nifty

BullishIndications

8 5

BearishIndications

4 8

Outlook Bullish Bearish

Observation The Sand P 500 was unchanged and the Nifty was downlast week. Indicators are mixed. Markets are back atresistance and the Vix is signaling complacency.Transports and the high yield market are flashingwarning signs.

On theHorizon

Australia – Employment data, New Zealand – Ratedecision, China – CPI, Loan and financing data, EuroZone – GDP, U.K – Rate decision, Swiss – Ratedecision US –Retail Sales & Consumer Confidence.

*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 and the Nifty fell hard last week. Signals are mixed for the upcomingweek. The markets are back at resistance and are likely to continue to correct with most emergingmarkets, and commodities already breaking down on a strong dollar and a hawkish FED. Transportsand the high yield market are signaling trouble ahead. The critical levels to watch are 2100 (up) and2080 (down) on the S & P and 7900 (up) and 7700 (down) on the Nifty. A significant breach of theabove levels could trigger the next big move in the markets very shortly. You can check out lastweek’s report for a comparison. You can also check out snapshots of the S and P500 and Nifty Indices. Love your thoughts and feedback.