Key reversal levels for week of December 23, 2013

Key reversal levels for this week:

Weekly	Current	Mode	Key (W)	MoM (W)	Weeks	% Ch.
Nasdaq	4,104.74		3,774.47	8.10	50	32.88
S&P 500	1,818.31		1,723.73	7.28	55	28.38
Nikkei	15,870.41		14,183.39	5.84	56	67.66
FTSE 100	6,606.60		6,628.19	0.44	1	2.59
DAX	9,400.17		8,797.28	6.73	23	14.11
Bonds (TLT)	104.25		107.25	-2.30	31	-10.02
Gold (spot)	1,202.80		1,347.13	-4.19	52	-27.40
$EURUSD	1.3666		1.3397	2.85	21	2.89
Oil (CL)	99.32		101.22	-3.71	8	1.47

(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:

* No major changes on the weekly level.

Daily key reversal levels as of today:

Daily	Current	Mode	Key (D)	MoM (D)	Days	% Ch.
Nasdaq	4,104.74		3,995.15	2.27	49	8.95
S&P 500	1,818.31		1,780.62	1.33	2	0.52
Nikkei	15,870.41		15,230.35	1.99	2	0.39
FTSE 100	6,606.60		6,540.76	-2.40	0	0.00
DAX	9,400.17		9,096.41	1.09	4	2.82
Bonds (TLT)	104.25		102.96	-1.02	0	0.00
Gold (spot)	1,202.80		1,259.40	-3.24	33	-8.30
$EURUSD	1.3666		1.3610	2.44	20	0.88
Oil (CL)	99.32		96.14	4.11	12	2.04

(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 back to rally mode with rising momentum (MoM). This points to a continuation of the bull market.

* Bonds (TLT) have broken above their daily key reversal level and are now in rally mode as well.

* Gold has failed to get above its key reversal level and now MoM has turned down again. Continuing its decline.

* $EURUSD is weakening. MoM has turned down and the Euro is holding barely above its daily key reversal.

* Oil continues to rally.

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	1755 *	1576
Nikkei	15850	17220	12710	10450
FTSE 100	6800	7150	6230 *	6110
DAX	9480	9800	8715 *	7870
Bonds (TLT)	111.80	128.50	102	96.25
Gold (spot)	1448	1540	1153	1075
EURUSD	1.3950	1.42	1.2870	1.2350
Crude Oil(CL)	105	113	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:

* There is a new Bottom1 target for S&P 500 at 1755.

* For the FTSE 100 the Bottom1 target is refined to 6230 (from 6205)

* For the DAX there is a new Bottom1 target at 8715.

* Nearly all covered stock indexes are coming very close to their Top1 targets again. Can they break above?

* Gold has fallen below its Bottom1 target at 1215. The next downside target is now 1153.

PS: if you are looking for key reversal levels for other world markets or individual stocks, then check out my Twitter account.

Good luck and happy holidays,

Danny

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