LunaticTrader

Investing with the Moon

Key reversal levels for February 5

Posted by Danny on February 5, 2014

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

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