key reversal levels for week of september 8, 2014
DESCRIPTION
Weekly key reversal levels for stocks, gold and currencies. Including my weekly comments on the state of the markets. Trend following method keeps you on the right side of the market most of the time, and helps to avoid big losses on investments.TRANSCRIPT
Key reversal levels for week of September 8, 2014
DAX is back into bullish mode.
All major stock indexes are now back to bullish with upward MoM.
MoM turning down for Bonds right after reaching its Top target at 119.50. See also: this tweet from Aug 8
Gold, Euro and Oil remain in weekly bearish mode with downward MoM.
Weekly keys:
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Stock markets are hesitating to add to recent gains. Daily MoM is now down for Nasdaq, S&P and FTSE100.
Bonds are in daily bearish mode with downward MoM.
Gold back to fully bearish.
EURUSD has dropped below 1.30 and MoM has fallen to a rare -9 level. Still looking for some rebound move to start.
Oil is again testing its Bottom1 target. MoM remains positive, but oil must rally soon, otherwise the Bottom2 at $89.66 will become the next target.
Daily keys:
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Weekly buy signal for France, Italy and Spain.
MoM has turned up for Italy, Semiconductor sector, and MSCI World.
MoM has turned down for South Korea.
Fully bearish (= avoid): Bitcoin, Malaysia, Russia
Markets to watch, coming very close to weekly key reversal: Gold stocks, Malaysia, Russia.
Weekly keys for World markets and sectors:
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Buy signal for WMT 21 stocks bullish, up from 20 last
week. Above 20 = healthy bull market. See: Keeping an eye on the Dow stocks
MoM turning up for MMM and PFE MoM turning down for INTC. We have a fairly positive picture
with a couple more stocks coming very close to going into bullish mode.
Weekly keys for the 30 Dow stocks:
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New Top2 target for Bonds at 122.9
New Bottom2 target for $EURUSD at 1.2799
S&P 500 has reached Top1 target at 2004
Bonds were rejected at Top1 target at 119.5
Gold is coming close to Bottom1 target at 1254
Euro is testing Bottom1 target at 1.2920
Crude Oil is testing Bottom1 target at 93.46
Key target zones:
Legend* = new or updated target
Note: we use a +/-1% zone around these targets.
These key target zones are a by-product of the key level calculations.
When a key target is reached the market will typically react and turn back from it. On the second or third attempt the target gets finally broken and then the next target comes into play. So these key target zones can be used as price objectives for taking profits or for entering the market after a significant sell-off. They can be seen as a kind of pivot points.When MoM indicator reverses right near a key target it is very likely that the market has reached a temporary peak (or bottom).
For more details about these key targets, see: http://lunatictrader.wordpress.com/2013/08/20/key-target-levels/
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More details about the key reversal levels and how to use them in your trading can be found here: http://lunatictrader.wordpress.com/key-reversal-levels/
Blog: http://LunaticTrader.Wordpress.com
On Twitter: http://twitter.com/lunatictrader1
On Scutify: http://www.scutify.com/profiles/scutifier.aspx?q=LunaticTrader
On Stocktwits: http://stocktwits.com/LunaticTrader
For daily key levels, regular market commentary or questions you are welcome to follow or contact us here:
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Disclaimer
Investing in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will be correct.LunaticTrader cannot in any way be responsible for eventual losses you may incur if you trade based on the given information.Simulated trading programs in general are subject to the fact that they are designed with the benefit of hindsight.No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Trade at your own risk and responsibility.
More details about the key reversal levels and how to use them in your trading can be found here: http://lunatictrader.wordpress.com/key-reversal-levels/
Blog: http://LunaticTrader.Wordpress.com
On Twitter: http://twitter.com/lunatictrader1
On Scutify: http://www.scutify.com/profiles/scutifier.aspx?q=LunaticTrader
On Stocktwits: http://stocktwits.com/LunaticTrader
For daily key levels, regular market commentary or questions you are welcome to follow or contact us here:
© LunaticTrader.com
Disclaimer
Investing in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will be correct.LunaticTrader cannot in any way be responsible for eventual losses you may incur if you trade based on the given information.Simulated trading programs in general are subject to the fact that they are designed with the benefit of hindsight.No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Trade at your own risk and responsibility.