Our key reversal levels going into next week:
| Status | Key (W) | Mom (W) | Mode | Key (D) | Mom (D) | |
| Nasdaq | BULL | S: 3255 | Down | RALLY | S: 3406 | Up |
| S&P 500 | BULL | S: 1548 | Down | RALLY * | S: 1612 | Up |
| Nikkei | BULL | S: 12202 | Down | RALLY | S: 13368 | Up |
| FTSE 100 | BULL * | S: 6222 | Down | RALLY | S: 6315 | Up |
| DAX | BEAR | R: 8082 | Down | DECLINE | R: 8105 | Up |
| Bonds (TLT) | BEAR | R: 117.81 | Down | DECLINE | R: 112.60 | Down * |
| Gold (spot) | BEAR | R: 1479 | Down | DECLINE | R: 1306 | Up |
| Euro/US$ | BEAR * | R: 1.3188 | Down | DECLINE | R: 1.3130 | Down |
| Crude Oil(CL) | BULL | S: 91.77 | Up | RALLY | S: 95.78 | Up |
(Legend: W = weekly, D = daily, R = resistance, S = support, Mom = momentum, * = change from previous week/day)
Important developments:
* Most stock markets are in rally mode again and the daily momentum remains up. The FTSE 100 has closed above its weekly key and is now in bull status.
* Only the German DAX index is lagging and has not yet made it above its key reversal levels, although its daily momentum is still up.
* The weekly momentum remains down for all stock markets, which means more strength is needed before we can declare the recent market correction over.
* Bonds (TLT) has seen its daily momentum turn down again, which means it is too early to declare a short term bottom.
* Gold is seeing its first positive sign in a long time, as its daily momentum has turned up last week. This means there is a good chance it will go on to test its daily key reversal level, which is currently at $1306. A close above that level would mean gold has entered rally mode. A failure to close above its daily key reversal in the coming weeks will mean that the decline is ongoing.
* The Euro has weakened further and closed the week below its key support, which means it is now in bear status.
* Oil has continued to rise and remains positive on a weekly and daily basis.
Good luck,
Danny
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i c u dont get me never mind bye
no IEF [ what u added is kind of ETF on the bond 7-10 years and isnt bond itself ] here link http://www.investing.com/rates-bonds/us-10-yr-t-note
* correction
2 years – short term
10 years main bond 125/37 price now
30 years
10 years us bond is the compas of the market wich tell us where we r going too
please add it and india nifty 50 is importent market too tnx
Yes, I know there are many different maturities, but they are all very highly correlated with each other and with the respective etf that exist for them. So I do not intend to add too many of them. I will probably first add German bonds and maybe Japanese, because at least they may move in different direction from the US dollar interest rates (and thus bonds).
If I add Indian stock market it is going to be Sensex index.
But all will have to wait until I am ready for them.
Danny