Despite the strong push from most to stick with US stocks, some of the other world markets  are acting better and should be watched closely as  they may present the best opportunities for 2013 . MoneyShow's Tom Aspray overviews the markets to see what may lie ahead for the rest of November and where the best opportunities may be found.

Friday’s closing bell was a welcome relief to most investors and many traders. While traders like volatility, the number of cross currents buffeting the stock market still makes those on the short side nervous.

The major averages tried to rebound early Friday, but the major averages gave up their gains after President Obama and Speaker Boehner gave their speeches. The major averages violated some key support levels, as did many individual stocks.

Clearly the re-election of President Obama left Republican pollsters and much of Wall Street in shock. The potential tax consequences of the fiscal cliff caused many to rush for the exits, as it did not seem to matter whether the sector was strong or not.

Some of the biggest casualties were dividend-paying stocks, but I think many who sold those will regret their decision in the coming months. Of course, the best course is to put your income-producing stocks in your IRA..

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While all of the major averages suffered losses last week, many of the other world markets do look much better technically. The chart of the German Dax Index reveals that it just broke its uptrend (line b) on Friday. More importantly, it is still well above the support from late August (line a) in the 6,875 area. This is about 4% below last Friday’s close.

If you compare this chart to that of the S&P 500, you will note that it broke the uptrend from the June lows (line c) on October 23. The support from the August lows in the 1,400 area, line c, was broken this week.

It was the Dax that was weaker than the S&P this spring, helping to warn us of the correction into the June lows. Though many Dax investors do not have the same tax concerns as US investors, they are faced with an economy than looks much weaker than ours and a currency that is falling. It is possible that the sentiment in the Eurozone is reaching extremes.

The Eurozone crisis is likely to be on the front burner this week, as a showdown over Greece is looming. The region's economic data continues to deteriorate, with industrial output falling in many parts of the Eurozone.

It is therefore not surprising that the consensus still seems to be that the US is the best place to invest. Carlyle Group (CG) co-chief executive William Conway echoed this sentiment after last Wednesday’s sharp stock-market decline. Their earnings beat estimates, and of the $1.6 billion they invested in the third quarter, almost 75% was in the US.

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Tickers Mentioned: Tickers: SPY, DIA, QQQ, IWM, GLD