1. Outlook for Week of February 2, 2015 DAX remains strongest stock index for the moment. US markets are testing their weekly reversal levels. S&P 500 could turn bearish if it closes the week below 1989.86 Bonds continue bull run, but MoM is reaching the +9 very optimistic stage. Looks like a blow-off stage. Prone to a steep drop once MoM turns down. Gold is doing OK but will need to build on its recent gains. $EURUSD may be close to a bottom, with MoM at very depressed -9. MoM remains up for Oil. Can still do some speculative buying on weak days. Weekly Reversal Levels LunaticTrader.com 2. US markets are in a fresh decline. May have further to fall. Wait for MoM to turn back up if you intend to buy this dip. Japanese and EU markets are holding up better. Bonds (TLT) continue to rally, now up 15.6% in 56 days since our last buy signal. Gold is pausing after its recent breakout rally. MoM still down. EURUSD has picked up rising MoM and may be in a rebound rally already. First target is the daily reversal level, currently at 1.1727 Oil is giving another speculative buy signal. Potential bounce back to its daily reversal level at 52.27 Daily Reversal Levels LunaticTrader.com 3. Buy signal for South Africa Sell signal for Dow Industrials Comment: Lots of cross-currents at the moment. American markets keep sputtering while European and Asia-Pacific markets show ongoing improvement. Weekly Reversal Levels for World markets LunaticTrader.com 4. Sell signals for INTC KO MSFT and PG Partial profits can be taken in PFE and UNH 14 stocks bullish, down from 18 last week. Below 15 = bearish market. See article: Keeping an eye on the Dow stocks Comment: A serious deterioration this week, with only 14 stocks in bullish mode. This means we have to become very careful. The market may recover quickly as it did in October when the number of bullish Dow stocks fell as low as 10. But this is how bear markets start, so we now consider further declines a very realistic possibility until the number bullish stocks climbs back above 20. MoM has also turned down again for a bunch of stocks, leaving only 3 Dow stocks with upward MoM. Weekly Reversal Levels for 30 Dow stocks LunaticTrader.com Note: the weekly reversal levels for over 1000 stocks and ETF can be picked up for free on my blog every weekend The daily reversal levels for over 1000 stocks and ETF are available for a few $ on Scutify every day: click here 5. A new Bottom1 target for S&P 500 at 1942 Adjusted Bottom1 target for Nikkei at 16081 A new Top2 target for DAX at 12156 A new Top2 target for Bonds TLT at 145.40 A new Bottom2 target for Oil at 40.25 Gold was rejected at its Top1 target 1293. May go for a 2nd attempt. EURUSD is trying to rally after touching its Bottom2 target at 1.1125 . Target zones Legend * = new or updated target (W) = major weekly target Note: we use a +/-1% zone around these targets. The target zones are a by-product of the reversal level calculations. When a target is reached the market will typically react and turn back from it. On the second or third attempt the target finally gets broken and then the next target comes into play. So these 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 target zone it is very likely that the market has reached a temporary peak (or bottom). For more details about the target zones, see: http://lunatictrader.wordpress.com/2013/08/20/key-target-levels/ LunaticTrader.com 6. More details about the 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 reversal 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. Note: the weekly reversal levels for over 1000 stocks and ETF can be picked up for free on my blog every weekend The daily reversal levels for over 1000 stocks and ETF are available for a few $ on Scutify every day: click here 7. More details about the 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 reversal 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. Note: the weekly reversal levels for over 1000 stocks and ETF can be picked up for free on my blog every weekend The daily reversal levels for over 1000 stocks and ETF are available for a few $ on Scutify every day: click here