Key reversal levels for February 5

Latest daily key reversal levels:

2/4/2014 Current W Mode Key (D) MoM (D) Days % Ch. Str. #
Nasdaq 4,031.52 4,141.25 -5.60 7 -2.44 7
S&P 500 1,755.20 1,811.33 -8.05 7 -2.00 7
Nikkei 14,008.47 15,486.54 -8.38 7 -7.18 7
FTSE 100 6,449.30 6,666.84 -8.34 7 -3.22 11
DAX 9,127.91 9,470.66 -5.67 7 -2.78 7
Bonds (TLT) 108.16 105.54 8.91 17 4.23 2
Gold (spot) 1,254.01 1,237.11 0.93 17 0.48 14
$EURUSD 1.3517 1.3630 -2.03 3 -0.27 7
Oil (CL) 97.19 95.44 3.98 9 0.52 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/ )

Comments:

* All daily signals are profitable for the moment, as you can see from the green color in the “% Ch.” column. That’s of course what we are aiming for.

* MoM indicator has reached very pessimistic -8 levels for several stock indexes. So, we wait for MoM to turn up.

* It will be interesting to see how the week closes. As it now stands the Nikkei and the S&P 500 are set to go bearish on the weekly level.

* Stay tuned for my upcoming free ebook with key reversal strategies. The number in the “Str. #” column will then point to more specific info on how to handle the given market situation.

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

Danny

By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.

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