Here are our monthly key reversal levels going into March 2014. Remember, these monthly key reversal are only for long term market orientation. Try to invest mainly in the stronger markets (dark green) and you will do well in the long term. Speculative buying can be done in the markets that switch from bearish (red) to mildly bearish (pink). For optimal entry and exit points we use the weekly and daily key reversals.
| Monthly | Current | Mode | Key (M) | MoM (M) | Months | % Ch. |
|---|---|---|---|---|---|---|
| Nasdaq | 4,308.12 | 3,412.06 | 9.17 | 51 | 99.24 | |
| S&P 500 | 1,859.45 | 1,561.13 | 8.22 | 25 | 41.68 | |
| Nikkei | 14,841.07 | 12,688.73 | 8.35 | 14 | 39.95 | |
| FTSE 100 | 6,809.70 | 6,199.12 | 3.20 | 15 | 16.07 | |
| DAX | 9,692.08 | 7,937.38 | 7.90 | 24 | 41.86 | |
| Bonds (TLT) | 108.57 | 112.83 | -3.26 | 8 | -0.02 | |
| Gold (spot) | 1,326.39 | 1,452.31 | -4.66 | 10 | -10.15 | |
| $EURUSD | 1.3798 | 1.3092 | 2.44 | 5 | 2.02 | |
| Oil (CL) | 102.59 | 93.13 | 0.74 | 0 | 0.00 |
(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/
Comments:
* Oil has closed above its key reversal level and is now long term bullish again. But the move is suspect as the MoM for oil is still going down. This could prove to be a fake out move, so be careful.
Monthly key reversal levels for other world markets:
| Monthly | Current | Mode | Key (M) | MoM (M) | Months | % Ch |
|---|---|---|---|---|---|---|
| Australia (AORD) | 5,415.40 | 4,821.93 | 4.70 | 16 | 19.40 | |
| Brazil (BOVESPA) | 47,094.00 | 54,929.98 | -2.23 | 21 | -13.57 | |
| Canada (TSX) | 14,209.60 | 12,620.53 | 4.07 | 13 | 11.52 | |
| China (SSEC) | 2,056.30 | 2,278.28 | -1.07 | 45 | -20.23 | |
| Dow Jones Industrials | 16,321.71 | 14,311.70 | 6.42 | 28 | 36.57 | |
| France (CAC40) | 4,408.08 | 3,779.80 | 5.02 | 14 | 19.05 | |
| Gold stocks (XAU) | 99.55 | 137.65 | -4.91 | 26 | -45.00 | |
| Hong Kong (HSI) | 22,836.96 | 21,360.86 | 1.41 | 16 | 5.85 | |
| India (SENSEX) | 21,120.12 | 18,601.30 | 3.42 | 17 | 12.43 | |
| Indonesia (JCI) | 4,620.22 | 4,107.46 | -0.80 | 56 | 127.95 | |
| Italy (MIB) | 20,442.41 | 16,713.16 | 4.36 | 5 | 16.94 | |
| Malaysia (KLCI) | 1,835.66 | 1,657.89 | 5.20 | 55 | 56.24 | |
| Mexico (IPC) | 38,782.89 | 41,947.32 | -0.55 | 0 | 0.00 | |
| Russell 2000 | 1,183.03 | 964.94 | 8.29 | 25 | 48.44 | |
| Singapore (STI) | 3,110.78 | 3,193.35 | -0.54 | 1 | 3.30 | |
| South Africa (JOHA) | 47,328.92 | 38,723.71 | 8.27 | 52 | 79.54 | |
| South Korea (KOSPI) | 1,979.99 | 1,890.95 | 0.59 | 5 | -0.88 | |
| Spain (IBEX35) | 10,114.20 | 8,457.48 | 5.21 | 5 | 10.21 | |
| Switzerland (SMI) | 8,475.30 | 7,291.81 | 6.34 | 19 | 32.44 |
(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/
Comments:
* Mexico (IPC) has fallen below its key reversal level and is now long term bearish.
Good luck,
Danny
Related articles:
Monthly key reversal levels February 2014
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