Key reversal levels for this week:
| Weekly |
Current |
Mode |
Key (W) |
MoM (W) |
Weeks |
% Ch. |
| Nasdaq |
4,062.52 |
|
3,738.41 |
8.41 |
48 |
31.51 |
| S&P 500 |
1,805.09 |
|
1,710.97 |
8.27 |
53 |
27.45 |
| Nikkei |
15,299.86 |
|
13,933.64 |
4.96 |
54 |
61.63 |
| FTSE 100 |
6,552.00 |
|
6,501.83 |
2.63 |
21 |
0.11 |
| DAX |
9,172.41 |
|
8,749.50 |
8.12 |
21 |
11.34 |
| Bonds (TLT) |
102.92 |
|
107.70 |
-1.71 |
29 |
-11.17 |
| Gold (spot) |
1,228.91 |
|
1,364.23 |
-3.68 |
50 |
-25.83 |
| $EURUSD |
1.3701 |
|
1.3338 |
2.34 |
19 |
3.15 |
| Oil (CL) |
97.65 |
|
101.49 |
-5.17 |
6 |
-0.23 |
(Legend: Mode: green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | MoM indicator: green = rising, red = falling | Weeks: weeks since start of current bullish or bearish mode | % Ch: percent change since start of current mode | yellow box: changed direction)
(for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
(for information about the MoM indicator, see: https://lunatictrader.wordpress.com/2013/09/14/mom-indicator/ )
Important developments in the weekly key reversal levels:
* S&P 500 and DAX are seeing their MoM turn down this week, joining the FTSE 100 in the “may have peaked” category. Nasdaq and Nikkei are still fully bullish.
* $EURUSD has upward MoM again, so back to fully bullish.
* Oil may have bottomed for a while.
Daily key reversal levels as of today:
| Daily |
Current |
Mode |
Key (D) |
MoM (D) |
Days |
% Ch. |
| Nasdaq |
4,062.52 |
|
3,962.54 |
6.56 |
39 |
7.83 |
| S&P 500 |
1,805.09 |
|
1,774.32 |
2.14 |
40 |
6.74 |
| Nikkei |
15,299.86 |
|
15,096.78 |
3.96 |
18 |
5.31 |
| FTSE 100 |
6,552.00 |
|
6,652.38 |
-6.45 |
8 |
-1.27 |
| DAX |
9,172.41 |
|
9,081.75 |
1.10 |
41 |
5.37 |
| Bonds (TLT) |
102.92 |
|
104.38 |
-3.32 |
22 |
-1.92 |
| Gold (spot) |
1,228.91 |
|
1,273.81 |
-4.14 |
23 |
-6.31 |
| $EURUSD |
1.3701 |
|
1.3510 |
2.89 |
10 |
1.14 |
| Oil (CL) |
97.65 |
|
94.92 |
3.02 |
2 |
0.33 |
(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | MoM indicator: green = rising, red = falling | Days: days since start of current bullish or bearish mode | % Ch: percent change since start of current mode | yellow box: changed direction)
(for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
(for information about the MoM indicator, see: https://lunatictrader.wordpress.com/2013/09/14/mom-indicator/ )
Important developments in the daily key reversal levels:
* All covered stock indexes are displaying downward MoM on the daily level, so we see a weakening bull move in stocks. Some exchanges are only marginally above their daily key reversal level, so we could soon see other markets follow the FTSE 100 into declining mode.
* Bonds (TLT) failed to break above their daily key reversal and MoM has turned down again.
* Oil has broken above its daily key reversal and is now in rally mode.
Our current key target zones (we use a +/-1% zone around these targets):
| Key Targets |
Top1 |
Top2 |
Bottom1 |
Bottom2 |
| Nasdaq |
4200 |
– |
3530 |
3210 |
| S&P 500 |
1820 |
1870 |
1576 |
1522 |
| Nikkei |
15850 |
17220 * |
12710 |
10450 |
| FTSE 100 |
6800 |
7150 |
6205 |
6110 |
| DAX |
9480 |
9800 * |
7870 |
7210 |
| Bonds (TLT) |
111.80 |
128.50 |
102 |
96.25 |
| Gold (spot) |
1448 |
1540 |
1215 |
1153 |
| EURUSD |
1.3950 |
1.42 |
1.2870 |
1.2350 |
| Crude Oil(CL) |
109.40 |
121 |
89.50 |
86.00 |
(* = new target )
(for more details about these key targets, see: https://lunatictrader.wordpress.com/2013/08/20/key-target-levels/ )
Important developments last week:
* For Nikkei we have a refined Top2 target at 17220.
* For DAX we have a new Top2 target at 9800.
* Most stock indexes came close to their Top1 target last week, and all turned back down.
* Bonds (TLT) continues to sit just avove its Bottom1 target at 102. That level may not hold much longer and I would start looking for the Bottom2 target at 96.50
PS: if you are looking for key reversal levels for other world markets or individual stocks, then check out my Twitter account.
Good luck,
Danny
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LunaticTrader
Key reversal levels for week of December 9, 2013
Posted by Danny on December 9, 2013
Key reversal levels for this week:
(Legend: Mode: green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | MoM indicator: green = rising, red = falling | Weeks: weeks since start of current bullish or bearish mode | % Ch: percent change since start of current mode | yellow box: changed direction)
(for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
(for information about the MoM indicator, see: https://lunatictrader.wordpress.com/2013/09/14/mom-indicator/ )
Important developments in the weekly key reversal levels:
* S&P 500 and DAX are seeing their MoM turn down this week, joining the FTSE 100 in the “may have peaked” category. Nasdaq and Nikkei are still fully bullish.
* $EURUSD has upward MoM again, so back to fully bullish.
* Oil may have bottomed for a while.
Daily key reversal levels as of today:
(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | MoM indicator: green = rising, red = falling | Days: days since start of current bullish or bearish mode | % Ch: percent change since start of current mode | yellow box: changed direction)
(for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
(for information about the MoM indicator, see: https://lunatictrader.wordpress.com/2013/09/14/mom-indicator/ )
Important developments in the daily key reversal levels:
* All covered stock indexes are displaying downward MoM on the daily level, so we see a weakening bull move in stocks. Some exchanges are only marginally above their daily key reversal level, so we could soon see other markets follow the FTSE 100 into declining mode.
* Bonds (TLT) failed to break above their daily key reversal and MoM has turned down again.
* Oil has broken above its daily key reversal and is now in rally mode.
Our current key target zones (we use a +/-1% zone around these targets):
(* = new target )
(for more details about these key targets, see: https://lunatictrader.wordpress.com/2013/08/20/key-target-levels/ )
Important developments last week:
* For Nikkei we have a refined Top2 target at 17220.
* For DAX we have a new Top2 target at 9800.
* Most stock indexes came close to their Top1 target last week, and all turned back down.
* Bonds (TLT) continues to sit just avove its Bottom1 target at 102. That level may not hold much longer and I would start looking for the Bottom2 target at 96.50
PS: if you are looking for key reversal levels for other world markets or individual stocks, then check out my Twitter account.
Good luck,
Danny
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This entry was posted on December 9, 2013 at 6:54 am and is filed under Market Commentary. Tagged: $EURUSD, Crude Oil, FTSE 100 Index, gold, key levels, Nasdaq, S&P 500. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.