LunaticTrader

Investing with the Moon

Key reversal levels for week of December 30, 2013

Posted by Danny on December 30, 2013

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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