Latest daily key reversal levels:
| 2/4/2014 | Current | W | Mode | Key (D) | MoM (D) | Days | % Ch. | Str. # |
|---|---|---|---|---|---|---|---|---|
| Nasdaq | 4,031.52 | 4,141.25 | -5.60 | 7 | -2.44 | 7 | ||
| S&P 500 | 1,755.20 | 1,811.33 | -8.05 | 7 | -2.00 | 7 | ||
| Nikkei | 14,008.47 | 15,486.54 | -8.38 | 7 | -7.18 | 7 | ||
| FTSE 100 | 6,449.30 | 6,666.84 | -8.34 | 7 | -3.22 | 11 | ||
| DAX | 9,127.91 | 9,470.66 | -5.67 | 7 | -2.78 | 7 | ||
| Bonds (TLT) | 108.16 | 105.54 | 8.91 | 17 | 4.23 | 2 | ||
| Gold (spot) | 1,254.01 | 1,237.11 | 0.93 | 17 | 0.48 | 14 | ||
| $EURUSD | 1.3517 | 1.3630 | -2.03 | 3 | -0.27 | 7 | ||
| Oil (CL) | 97.19 | 95.44 | 3.98 | 9 | 0.52 | 14 |
(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
Comments:
* All daily signals are profitable for the moment, as you can see from the green color in the “% Ch.” column. That’s of course what we are aiming for.
* MoM indicator has reached very pessimistic -8 levels for several stock indexes. So, we wait for MoM to turn up.
* It will be interesting to see how the week closes. As it now stands the Nikkei and the S&P 500 are set to go bearish on the weekly level.
* Stay tuned for my upcoming free ebook with key reversal strategies. The number in the “Str. #” column will then point to more specific info on how to handle the given market situation.
PS: if you are looking for key reversal levels for other world markets or individual stocks, then follow me on Twitter.
Danny
LunaticTrader Blog 