Key reversal levels for this week:
| Weekly |
Current |
Mode |
Key (W) |
MoM (W) |
Weeks |
% Ch. |
| Nasdaq |
4,131.91 |
|
3,817.78 |
8.19 |
52 |
33.75 |
| S&P 500 |
1,831.37 |
|
1,743.93 |
7.55 |
57 |
29.30 |
| Nikkei |
16,291.30 |
|
14,555.31 |
8.00 |
58 |
72.10 |
| FTSE 100 |
6,730.70 |
|
6,522.84 |
0.79 |
1 |
-0.30 |
| DAX |
9,435.15 |
|
8,896.79 |
6.89 |
25 |
14.53 |
| Bonds (TLT) |
102.17 |
|
106.72 |
-3.10 |
33 |
-11.82 |
| Gold (spot) |
1,236.60 |
|
1,327.06 |
-4.53 |
54 |
-25.36 |
| $EURUSD |
1.3588 |
|
1.3438 |
2.84 |
23 |
2.30 |
| Oil (CL) |
93.96 |
|
101.14 |
-2.06 |
10 |
-4.00 |
(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:
* Major stock indexes are still bullish on the weekly level.
* We see some weakness for the DAX where MoM is turning down again.
* MoM is turning up for gold, which means we can set sights on the key reversal level at $1327
* MoM is turning down for $EURUSD, so this market could turn bearish very soon.
* Oil has failed to break above its weekly key reversal level, so bear market continues.
Daily key reversal levels as of today:
| Daily |
Current |
Mode |
Key (D) |
MoM (D) |
Days |
% Ch. |
| Nasdaq |
4,131.91 |
|
4,063.73 |
8.34 |
57 |
9.67 |
| S&P 500 |
1,831.37 |
|
1,803.26 |
8.29 |
10 |
1.24 |
| Nikkei |
16,291.30 |
|
15,447.13 |
8.37 |
8 |
3.05 |
| FTSE 100 |
6,730.70 |
|
6,595.07 |
8.56 |
7 |
1.88 |
| DAX |
9,435.15 |
|
9,204.53 |
8.36 |
9 |
3.20 |
| Bonds (TLT) |
102.17 |
|
103.09 |
-3.15 |
6 |
-0.18 |
| Gold (spot) |
1,236.60 |
|
1,238.95 |
-1.49 |
42 |
-5.72 |
| $EURUSD |
1.3588 |
|
1.3725 |
0.48 |
0 |
0.00 |
| Oil (CL) |
93.96 |
|
98.27 |
-0.20 |
1 |
-1.58 |
(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:
* Stock market rallies are in jeopardy. MoM is turning down from very optimistic +8 levels, and most markets are not far above their daily key reversal levels. This means we are at an elevated risk for a sizable drop if the key reversal levels get broken on a closing basis. The weekly key reversal levels (see above) then become the first downside targets.
* $EURUSD has fallen below its key reversal level and is now in declining mode
* Oil fell, below its key reversal level last Thursday and has thus gone into declining mode as well.
Our current key target zones (we use a +/-1% zone around these targets):
| Key Targets |
Top1 |
Top2 |
Bottom1 |
Bottom2 |
| Nasdaq |
4200 |
4390 * |
3530 |
3210 |
| S&P 500 |
1870 |
1926 * |
1755 |
1576 |
| Nikkei |
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 Top2 target for Nasdaq at 4390, and for S&P 500 at 1926
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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LunaticTrader
Key reversal levels for week of January 6, 2014
Posted by Danny on January 5, 2014
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:
* Major stock indexes are still bullish on the weekly level.
* We see some weakness for the DAX where MoM is turning down again.
* MoM is turning up for gold, which means we can set sights on the key reversal level at $1327
* MoM is turning down for $EURUSD, so this market could turn bearish very soon.
* Oil has failed to break above its weekly key reversal level, so bear market continues.
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:
* Stock market rallies are in jeopardy. MoM is turning down from very optimistic +8 levels, and most markets are not far above their daily key reversal levels. This means we are at an elevated risk for a sizable drop if the key reversal levels get broken on a closing basis. The weekly key reversal levels (see above) then become the first downside targets.
* $EURUSD has fallen below its key reversal level and is now in declining mode
* Oil fell, below its key reversal level last Thursday and has thus gone into declining mode as well.
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:
* There is a new Top2 target for Nasdaq at 4390, and for S&P 500 at 1926
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 January 5, 2014 at 5:31 pm and is filed under Market Commentary. Tagged: DAX, FTSE 100 Index, gold, key levels, Nasdaq, 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.