Key reversal levels for this week:
| Weekly |
Current |
Mode |
Key (W) |
MoM (W) |
Weeks |
% Ch. |
| Nasdaq |
4,156.58 |
|
3,797.02 |
8.11 |
51 |
34.55 |
| S&P 500 |
1,841.40 |
|
1,734.06 |
7.21 |
56 |
30.01 |
| Nikkei |
16,178.94 |
|
14,360.49 |
6.90 |
57 |
70.92 |
| FTSE 100 |
6,750.89 |
|
6,499.67 |
0.42 |
0 |
0.00 |
| DAX |
9,589.38 |
|
8,853.05 |
6.89 |
24 |
16.41 |
| Bonds (TLT) |
101.81 |
|
107.04 |
-2.65 |
32 |
-12.13 |
| Gold (spot) |
1,212.09 |
|
1,335.73 |
-4.62 |
53 |
-26.84 |
| $EURUSD |
1.3744 |
|
1.3422 |
3.06 |
22 |
3.48 |
| Oil (CL) |
100.32 |
|
101.19 |
-2.62 |
9 |
2.49 |
(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:
* FTSE 100 has broken back above its weekly key reversal level. MoM remains down however.
* Nasdaq and DAX have upward MoM again, so we are almost back to a fully bullish picture for the covered stock indexes.
* Oil is coming very close to its weekly key reversal level, so could go in bullish mode soon.
Daily key reversal levels as of today:
| Daily |
Current |
Mode |
Key (D) |
MoM (D) |
Days |
% Ch. |
| Nasdaq |
4,156.58 |
|
4,033.78 |
8.79 |
53 |
10.33 |
| S&P 500 |
1,841.40 |
|
1,792.62 |
8.28 |
6 |
1.79 |
| Nikkei |
16,178.94 |
|
15,406.55 |
8.05 |
7 |
2.34 |
| FTSE 100 |
6,750.89 |
|
6,562.77 |
5.22 |
3 |
2.18 |
| DAX |
9,589.38 |
|
9,144.65 |
6.92 |
6 |
4.89 |
| Bonds (TLT) |
101.81 |
|
103.52 |
-1.92 |
2 |
-0.53 |
| Gold (spot) |
1,212.09 |
|
1,244.92 |
-4.09 |
38 |
-7.59 |
| $EURUSD |
1.3744 |
|
1.3627 |
0.45 |
24 |
1.45 |
| Oil (CL) |
100.32 |
|
96.94 |
5.15 |
16 |
3.07 |
(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:
* On the daily level we remain with a fully bullish picture for the stock indexes.
* Bonds (TLT) have broken back below their daily key reversal level, so the rally was very short-lived.
* Gold is improving again with MoM back to the upside. Now needs a close above 1244.90 to go into rally mode.
* $EURUSD seem to have survived the test of its daily key reversal level and is looking up again.
* 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:
* Stock indexes are breaking above their Top1 targets. This means we can start watching for the Top2 targets.
* Bonds (TLT) have fallen back to their Bottom1 target at 102. I would start watching for the next target at 96.25
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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Key reversal levels for week of December 30, 2013
Posted by Danny on December 30, 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:
* FTSE 100 has broken back above its weekly key reversal level. MoM remains down however.
* Nasdaq and DAX have upward MoM again, so we are almost back to a fully bullish picture for the covered stock indexes.
* Oil is coming very close to its weekly key reversal level, so could go in bullish mode soon.
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:
* On the daily level we remain with a fully bullish picture for the stock indexes.
* Bonds (TLT) have broken back below their daily key reversal level, so the rally was very short-lived.
* Gold is improving again with MoM back to the upside. Now needs a close above 1244.90 to go into rally mode.
* $EURUSD seem to have survived the test of its daily key reversal level and is looking up again.
* Oil continues to rally.
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:
* Stock indexes are breaking above their Top1 targets. This means we can start watching for the Top2 targets.
* Bonds (TLT) have fallen back to their Bottom1 target at 102. I would start watching for the next target at 96.25
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 30, 2013 at 10:28 am and is filed under Market Commentary. Tagged: $EURUSD, FTSE 100 Index, gold, key levels, Nasdaq, Nikkei, 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.