key reversal levels for week of august 11, 2014

Download Key reversal levels for week of August 11, 2014

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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 and avoids big losses on investments.

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  • 1. Key reversal levels for week of August 11, 2014 Nikkei has joined the DAX and FTSE 100 into bearish mode. Nasdaq and S&P500 are still well above their weekly key reversal levels, so remain bullish, but with downward MoM. Weekly MoM remains up for bonds (TLT) . Weekly keys: LunaticTrader.com

2. S&P 500 is the first major stock index to grab upward daily MoM after the recent slide. Sets the stage for some rebound rally. Bonds and gold have gone into rally mode last Thursday. TLT is once again bumping into its Top1 target at 115.70. If we get a clear breakout then 119.50, the Top2 target, comes into play. Euro stuck at the 1.34 level. A daily close above 1.3491 would put it into rally mode Daily MoM turns up for Oil, which means we have a possible bottom here. Can it climb back above the daily level? Daily keys: LunaticTrader.com 3. Malaysia and Spain are now in weekly bearish Mode. Weekly MoM has turned down for Australia, Brazil, Gold stocks, Mexico and Singapore. Markets/sectors that remain in bullish mode with upward MoM: China, Hong Kong, Indonesia, Social Media sector, South Korea and Vietnam. Weekly keys for World markets and sectors: LunaticTrader.com 4. Weekly sell signal for T 17 stocks bullish, down from 18 last week. Below 20 = struggling bull market. See: Keeping an eye on the Dow stocks MoM turning down for GS, JPM, MSFT and VZ MoM turning up for HD and PG Only 4 stocks remain with weekly upward MoM Still a deteriorating picture for most Dow stocks -> remaining very cautious Weekly keys for the 30 Dow stocks: LunaticTrader.com 5. Several new and refined targets. DAX tested its Bottom1 target last Friday and rebounded nicely. Look for a further rally now. Bonds are testing their Top1 target again. One to watch. Euro hangs on to its Bottom1 target for the second week in a row. This suggests some rebound rally is in the cards Key target zones: Legend * = new or updated target Note: we use a +/-1% zone around these targets. For more details about these key targets, see: http://lunatictrader.wordpress.com/2013/08/20/key-target-levels/ LunaticTrader.com 6. 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. 7. 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.