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Key reversal levels for week of December 23, 2013

Posted by Dan on 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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4 Responses to “Key reversal levels for week of December 23, 2013”

  1. ray said

    any ltwate for 2014 ?

  2. ray said

    NEED MORE EXPLAIN FOR LT BLUE AND YELLOW LINES – I ASKED IF THERE IS LT W FOR 2014 YEAR ….

    • Danny said

      For earlier explanation about the blue and yellow lines, see article “LT wave chart” in left side menu. I will produce a more detailed article when time permits.

      I plan to add the LT wave to my LunaticTrader software, which will give the wave for the next 100 years. Until,then I post it as a monthly article.

      Danny

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