key reversal levels for week of september 29, 2014

Download Key reversal levels for week of September 29, 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 29, 2014 FTSE100 has entered weeklybearish mode with downwardMoM. MoM has turned down for Nasdaqand S&P 500. May have peakedfor a while. Bonds (TLT) are weak bullish withdownward MoM. Gold, Euro and Oil continue to bein weekly bearish mode withdownward MoM.Weekly keys: LunaticTrader.com

2. Most major stock indexes arepulling back and have gone indaily bearish mode. Wait for firstsigns of a bottom when MoM turnsup. Bonds in rally mode. Gold shows first signs of life withMoM now rising. Should give abounce. EURUSD fully bearish, but gettingvery oversold with MoM below -8 Oil is coming very close to its dailykey level. Ready for a rally after59 days in decline mode.Daily keys: LunaticTrader.com 3. Weekly keys for World markets and sectors: Weekly sell signal for Russell2000 MoM has turned down for India,Semiconductor sector and MSCIWorld index. Fully bearish (= avoid): Australia,Bitcoin, Gold stocks, Malaysia,Russell2000, Russia and Turkey Markets to watch, coming veryclose to weekly key reversal:Canada, France, Hong Kong,Italy, Singapore, South Africa andMSCI World LunaticTrader.com 4. Weekly keys for the 30 Dow stocks: 22 stocks bullish, unchanged fromlast week. Above 20 = healthy bullmarket. See:Keeping an eye on the Dow stocks MoM turning down for: IBM, MMM,MRK, V Despite a volatile week, there islittle change in the weekly keylevels for the 30 Dow stocks. LunaticTrader.com 5. Key target zones: A new Bottom2 target for gold at$1143Legend* = 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.