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
NEED MORE EXPLAIN FOR LT BLUE AND YELLOW LINES – I ASKED IF THERE IS LT W FOR 2014 YEAR ….
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
any ltwate for 2014 ?
Yes, the LT wave for January will be posted shortly.