key reversal levels for week of september 15, 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 15, 2014
All major stock indexes remain in weekly bullish mode with upward MoM.
Bonds (TLT) are coming close to their weekly key reversal level. May turn to bearish mode in next weeks.
Gold, Euro and Oil continue to be in weekly bearish mode with downward MoM.
Weekly keys:
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Nikkei is fully bullish. Other major stock indexes are hesitating to add to recent gains. So far it looks like a mild sideways correction.
Bonds remain in daily bearish mode with downward MoM. It is increasingly likely that TLT has peaked out at the 119.50 target.
Gold is fully bearish. Waiting for MoM to turn up.
EURUSD is showing a first sign of life with MoM now going up after falling to an extreme -9 level. Look for a bounce with the daily key level as a first target.
Oil remains fully bearish. Waiting for MoM to turn up
Daily keys:
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Weekly sell signal for Gold stocks. MoM has turned up for Russia and
Singapore MoM has turned down for
Australia, Brazil, Canada and Hong Kong
Fully bearish (= avoid): Bitcoin, Gold stocks and Malaysia
Markets to watch, coming very close to weekly key reversal: Australia, Malaysia, Turkey
Weekly keys for World markets and sectors:
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Sell signal for CVX and VZ 19 stocks bullish, down from 21
last week. Below 20 = struggling bull market. See: Keeping an eye on the Dow stocks
MoM turning up for V We see a weakening picture
again. No reason for panic. But if the number of bullish stocks drops below 15 then it will be more than an ordinary pullback.
Weekly keys for the 30 Dow stocks:
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New Bottom1 target for gold at $1237
New Bottom2 target for $EURUSD at 1.241
For Crude Oil we have a new Bottom1 target at 91.85 and Bottom2 target at 85.68
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.