LunaticTrader

Investing with the Moon

Key reversal levels for February 4

Posted by Danny on February 4, 2014

Daily key reversal levels for today:

2/3/2014 Current Mode Key (D) MoM (D) Days % Ch. W Str. #
Nasdaq 3,996.96 4,152.83 -4.74 6 -3.27 7
S&P 500 1,741.89 1,816.57 -7.42 6 -2.74 7
Nikkei 14,619.13 15,562.89 -7.86 6 -3.13 7
FTSE 100 6,465.70 6,685.88 -8.12 6 -2.97 11
DAX 9,186.52 9,504.97 -4.80 6 -2.16 7
Bonds (TLT) 109.32 105.38 8.99 16 5.35 2
Gold (spot) 1,257.35 1,236.24 1.16 16 0.75 14
$EURUSD 1.3526 1.3644 -1.09 2 -0.21 7
Oil (CL) 96.43 95.35 4.67 8 -0.27 14

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

Important developments:

* Stock markets remain in declining mode. MoM indicator reaching very pessimistic levels, so a bounce can start any day.

*Oil (CL) is stalling just above its key reversal level. May turn bearish.

PS: if you are looking for key reversal levels for other world markets or individual stocks, then follow me on Twitter.

Danny

 

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