key reversal levels for week of september 22, 2014

Download Key reversal levels for week of September 22, 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 most of the time, and helps to avoid big losses on investments.

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  • 1. Key reversal levels for week of September 22, 2014 All major stock indexes remain inweekly bullish mode with upwardMoM. Bonds (TLT) is weak bullish withdownward MoM. May test itsweekly key level. Gold, Euro and Oil continue to bein weekly bearish mode withdownward MoM.Weekly keys: LunaticTrader.com

2. All major stock indexes are fullybullish on the daily level. No signof a top until MoM turns down. MoM turning up for Bonds. Couldstart another rally if TLT can closeabove its daily key level at 115.86 Gold remains fully bearish.Patience pays. EURUSD keeps upward MoM, soa bounce could start any day. Oil had a failed rally attempt andis back to fully bearish. Continuingbear market.Daily keys: LunaticTrader.com 3. Weekly keys for World markets and sectors: Weekly sell signal for Australiaand Turkey. MoM has turned down forIndonesia, Mexico, Russia,Singapore, Social Media sectorand Vietnam. Fully bearish (= avoid): Australia,Bitcoin, Gold stocks, Malaysia,Russia and Turkey Markets to watch, coming veryclose to weekly key reversal:Russell 2000 LunaticTrader.com 4. Weekly keys for the 30 Dow stocks: Buy signal for BA, DD, PFE andVZ Sell signal for CAT 22 stocks bullish, up from 19 lastweek. Above 20 = healthy bullmarket. See:Keeping an eye on the Dow stocks MoM turning up for AXP, MCD, Tand VZ MoM turning down CAT and DIS Some nice improvement this weekwith number of bullish stocksnicely back above 20 LunaticTrader.com 5. Key target zones: No new targets this weekLegend* = new or updated targetNote: we use a +/-1% zone around these targets.These key target zones are a by-product of the key levelcalculations.When a key target is reached the market will typically react andturn back from it. On the second or third attempt the target getsfinally broken and then the next target comes into play.So these key target zones can be used as price objectives fortaking 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 verylikely 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/ LunaticTrader.com 6. More details about the key reversal levels and how to use them in your tradingcan be found here: http://lunatictrader.wordpress.com/key-reversal-levels/For daily key levels, regular market commentary or questions youare welcome to follow or contact us here: 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 LunaticTrader.comDisclaimerInvesting in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will becorrect.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 tradingcan be found here: http://lunatictrader.wordpress.com/key-reversal-levels/For daily key levels, regular market commentary or questions youare welcome to follow or contact us here: 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 LunaticTrader.comDisclaimerInvesting in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will becorrect.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.