outlook for week of march 16, 2015
TRANSCRIPT
Outlook for Week of March 16, 2015
MoM is turning down for the S&P 500 and FTSE100, signaling the possible end of the bull run. DAX remains the strongest index.
Bonds (TLT) in bearish mode. Needs a weekly close above 128.08 to get back in the bullish camp.
Gold remains fully bearish. No signs of a bottom.
$EURUSD retesting recent lows. MoM is at extremely depressed -9 levels, which makes a sudden snap back rally possible.
Oil weakening again, but MoM keeps pointing up. A bounce to $60 remains possible.
Wheat remains fully bearish. Waiting for MoM to turn back up.
Weekly Reversal Levels
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Nasdaq and FTSE100 are pulling back together with the S&P. Waiting for MoM to turn back up.
Nikkei and DAX are still fully bullish and rallying.
Bonds (TLT) are trying to bounce back.
Gold continues decline. Wait for MoM to turn up.
EURUSD is extremely oversold with MoM at -9. Waiting for MoM to turn back up, which would trigger a speculative buy signal. 1.04 is a major bottom target.
Oil has continued its slide, as indicated last week. Wait for MoM to turn up.
Wheat is closing in on its daily reversal level. We may get a buy signal this week if it can close above RevL.
Daily Reversal Levels
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Sell signal for Hong Kong
Can take partial profits in India and Sweden.
Comment: MoM is turning down for a lot of markets. This can indicate a brief pause or be the start of something larger.
Weekly Reversal Levels for World markets
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Sell signal for KO, T and WMT
Partial profits signal for BA, CSCO, PFE, UNH and V
17 stocks bullish, down from 20 last week. Below 20 = struggling bull market. See article: Keeping an eye on the Dow stocks
Comment: With 3 sellers this week we are back to the struggling market scenario. With 5 other stocks giving partial profits signals we have a clear deterioration in the Dow.
Weekly Reversal Levels for 30 Dow stocks
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The weekly reversal levels for over 1500 stocks and ETF can be picked up for free on my blog
every weekendThe daily reversal levels for over 1500 stocks and ETF are available for a few $ on Scutify
every day: click here
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/
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For daily reversal 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 weekly reversal levels for over 1500 stocks and ETF can be picked up for free on my blog every weekend
The daily reversal levels for over 1500 stocks and ETF are available for a few $ on Scutify every day: click here
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.
The weekly reversal levels for over 1500 stocks and ETF can be picked up for free on my blog every weekend
The daily reversal levels for over 1500 stocks and ETF are available for a few $ on Scutify every day: click here