Author: Dan

Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.

Key reversal levels for week of December 23, 2013

Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,104.74 3,774.47 8.10 50 32.88 S&P 500 1,818.31 1,723.73 7.28 55 28.38 Nikkei 15,870.41 14,183.39 5.84 56 67.66 FTSE 100 6,606.60 6,628.19 0.44 1 2.59 DAX 9,400.17 8,797.28 6.73 23 14.11 Bonds (TLT) 104.25 107.25 -2.30 31 -10.02… Continue reading Key reversal levels for week of December 23, 2013

Key reversal levels for week of December 16, 2013

Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,000.98 3,758.37 8.29 49 29.52 S&P 500 1,775.31 1,718.10 7.75 54 25.35 Nikkei 15,403.11 14,070.27 5.58 55 62.72 FTSE 100 6,440.00 6,629.66 1.38 0 0.00 DAX 9,006.46 8,774.91 7.47 22 9.33 Bonds (TLT) 103.21 107.46 -2.09 30 -10.92… Continue reading Key reversal levels for week of December 16, 2013

Bearish divergences continue

In last week’s outlook we warned for a December dip in stock markets. The market has showed some weakness already, but Friday’s surge recovered most of the losses. Unfortunately, that hasn’t really improved the technical picture. Here is the current chart for the Nasdaq (click for larger image): The chart is very similar to the… Continue reading Bearish divergences continue

Key reversal levels for week of December 9, 2013

Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,062.52 3,738.41 8.41 48 31.51 S&P 500 1,805.09 1,710.97 8.27 53 27.45 Nikkei 15,299.86 13,933.64 4.96 54 61.63 FTSE 100 6,552.00 6,501.83 2.63 21 0.11 DAX 9,172.41 8,749.50 8.12 21 11.34 Bonds (TLT) 102.92 107.70 -1.71 29 -11.17… Continue reading Key reversal levels for week of December 9, 2013