LunaticTrader

Investing with the Moon

Key reversal levels for February 7

Posted by Danny on February 7, 2014

Latest daily key reversal levels:

6/02/2014 Current W Mode Key (D) MoM (D) Days % Ch. Str. #
Nasdaq 4,057.12 4,122.65 -6.43 9 -1.82 7
S&P 500 1,773.43 1,803.48 -8.04 9 -0.98 24
Nikkei 14,155.12 15,307.46 -9.20 9 -6.20 7
FTSE 100 6,558.30 6,642.36 -8.08 9 -1.58 28
DAX 9,256.58 9,418.98 -6.34 9 -1.41 7
Bonds (TLT) 106.70 105.67 7.78 19 2.82 2
Gold (spot) 1,257.85 1,239.01 0.83 19 0.79 14
$EURUSD 1.3589 1.3620 -2.50 5 0.26 24
Oil (CL) 97.84 95.71 3.29 11 1.19 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:

* Momentum (MoM) is turning up for the S&P 500 and the FTSE 100. This is a first positive sign after almost two weeks of downside action. We now watch to see if they can get back into bullish mode by closing above their daily key reversal levels.

* $EURUSD is also showing signs of life. MoM is turning back up after a rather brief decline. If the Euro can close above 1.3620 it will be back into bullish mode.

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

Danny

 

Enhanced by Zemanta

Post a comment (disagreement also welcome):

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: