LunaticTrader

Investing with the Moon

Key reversal levels for week of February 3, 2014

Posted by Danny on February 1, 2014

I have improved the article with instructions for the key reversal levels. Feel free to check it out: Key reversal levels

Key reversal levels for this week:

Weekly Current Mode Key (W) MoM (W) Weeks % Ch.
Nasdaq 4,103.88 3,872.24 7.30 56 32.85
S&P 500 1,782.59 1,761.89 4.37 61 25.86
Nikkei 14,914.53 14,810.12 4.26 62 57.56
FTSE 100 6,510.40 6,706.03 1.47 0 0.00
DAX 9,306.48 9,009.97 5.44 29 12.97
Bonds (TLT) 108.28 104.47 0.60 1 0.99
Gold (spot) 1,243.70 1,306.96 -2.49 58 -24.94
$EURUSD 1.3489 1.3462 0.94 27 1.56
Oil (CL) 97.49 100.09 -1.77 14 -0.40

(Legend: Mode: green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )

Important developments in the weekly key reversal levels:

* FTSE 100 is the first major market to go bearish on the weekly level. Momentum (MoM) continues to go down for all covered stock indexes, so other markets may follow.

* $EURUSD is barely holding above its key reversal level. If the Euro turns bearish it is likely to become a drag on gold and oil prices as well.

Daily key reversal levels as of today:

Daily Current Mode Key (D) MoM (D) Days % Ch. W Strat
Nasdaq 4,103.88 4,157.54 -4.36 5 -0.69 7
S&P 500 1,782.59 1,819.84 -7.10 5 -0.47 7
Nikkei 14,914.53 15,622.57 -6.97 5 -1.17 7
FTSE 100 6,510.40 6,700.80 -7.77 5 -2.30 11
DAX 9,306.48 9,522.67 -4.14 5 -0.88 7
Bonds (TLT) 108.28 105.23 9.04 15 4.35 18
Gold (spot) 1,243.70 1,235.88 1.59 15 -0.34 14
$EURUSD 1.3489 1.3660 -0.09 1 -0.48 7
Oil (CL) 97.49 95.26 5.02 7 0.83 13

(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )

Important developments in the daily key reversal levels:

* Stock markets continue their correction. No signs of bottoming out at this point.

* Gold is not far above its key reversal level, so is at risk of going into declining mode.

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 13860 12940
FTSE 100 6800 7150 6230 6110
DAX 9800 10120 8715 7870
Bonds (TLT) 111.80 128.50 102 96.25
Gold (spot) 1298 1448 1153 1075
$EURUSD 1.3950 1.42 1.3435 1.2870
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:

* No new targets

* $EURUSD is testing its Bottom1 target.

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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