key reversal levels for week of december 29, 2014
TRANSCRIPT
Key reversal levels for week of December 29, 2014
US and Japanese stock indexes remain weak bullish. FTSE100 is in bearish mode, but could return to the bullish camp if it closes above 6696 this week.
Bonds continue bull run.
Gold is going sideways near $1200.
$EURUSD near its lows. MoM remains up, suggesting a rebound rally is in the cards.
Oil remains fully bearish. Waiting for MoM to turn up in the coming weeks. A -9 is rare on the weekly level. Most oversold market but it is important to wait for upward MoM.
Weekly keys:
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FTSE100 has closed above its daily key level, turning it into bullish mode. So we now have all major stock indexes in daily rally mode.
Bonds stagnating after its recent rally. MoM is down. May have formed a double top.
Speculative buy signal for gold, with MoM going up.
EURUSD remains weak. Waiting for MoM to turn back up
Oil has gathered upward MoM after a long decline. Probably bottomed for a while. Looking for a sideways period or for a rally back to $65-70
Daily keys:
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Buy signal for MSCI World index Speculative buy signal for Australia,
Canada and Italy Markets to watch, very close to
turning bullish: Australia, Canada, France, Hong Kong and Spain
Comment: Several market are now close to return to weekly bullish mode after only a few weeks in the bearish camp. No follow through to the downside would be a bullish sign going into next year. If these markets fail to get back above their weekly key levels, then it will not look so good.
Weekly keys for World markets and sectors:
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Weak buy signal for BA Speculative buy signal for CVX and
XOM Partial profits can be taken in MMM
and UNH 21 stocks bullish, up from 20 last
week. Above 20 = healthy bull market. See article: Keeping an eye on the Dow stocks
Comment: We see some further greening up in the table and one more stock getting back into bullish mode. Looking steady.
Weekly keys for the 30 Dow stocks:
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Note: the daily key levels for over 1000 stocks and ETF can be picked up for a few $ on Scutify every day: click here
No new targets this week Stock indexes and bonds are
testing their long standing Top1 targets.
EURUSD is right at its Bottom1 target.
.
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.
The daily key levels for over 1000 stocks and ETF can be picked up for a few $ on Scutify
every day: click here
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.
The daily key levels for over 1000 stocks and ETF can be picked up for a few $ on Scutify
every day: click here