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Daily key reversal levels for today: Daily Current Mode Key (D) MoM (D) Days % Ch. Nasdaq 4,097.96 4,171.97 -0.56 2 -0.83 S&P 500 1,792.50 1,828.44 -4.62 2 0.08 Nikkei 14,980.16 15,722.78 -5.52 2 -0.74 FTSE 100 6,572.30 6,738.08 -2.86 2 -1.37 DAX 9,406.91 9,557.07 -0.60 2 0.19 Bonds (TLT) 106.99 104.68 9.04 12 3.10…
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Will try to get out the daily key reversal levels a bit more frequently. For the weekly key levels, see my weekend post. Daily key reversal levels as of today: Daily Current Mode Key (D) MoM (D) Days % Ch. Nasdaq 4,083.61 4,180.22 1.65 1 -1.18 S&P 500 1,781.56 1,832.07 -2.68 1 -0.53 Nikkei 15,005.73…
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Weakness in stock markets is evident now. I already warned last week not to trust the current lunar green period, because some important targets have been reached and too many of my indicators are flashing warning signs. With a lunar red period coming up in early February there may be more downside action in store.…
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Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,128.17 3,863.36 8.06 55 33.63 S&P 500 1,790.29 1,761.10 5.94 60 26.40 Nikkei 15,391.56 14,815.61 5.97 61 62.60 FTSE 100 6,663.70 6,570.60 2.27 4 -1.29 DAX 9,392.02 8,999.01 6.41 28 14.01 Bonds (TLT) 107.48 104.27 -1.04 0 0.00…
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Markets have continued to grind higher and are once again bumping into overhead resistance levels. Can they break out to the upside? We cannot rule it out as we are getting into a new lunar green period. But let’s first take a look at the Nasdaq chart (click for larger image): The Nasdaq made new…
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Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,197.58 3,848.98 8.15 54 35.88 S&P 500 1,838.70 1,758.17 7.06 59 29.82 Nikkei 15,734.46 14,758.35 7.28 60 66.22 FTSE 100 6,829.30 6,559.21 2.01 3 1.16 DAX 9,742.96 8,970.45 6.89 27 18.27 Bonds (TLT) 105.48 106.48 -2.18 35 -8.96…
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A quick update of the chart I first presented last June, and in an updated version last August. It is now updated for monthly Dow closes until December 2013 (click for larger image): The correlation with 1920s bull market remains very high, and has actually increased again since the August update. The correlation is now…
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Not a strong start for stocks this year, but so far the downside action is limited and the markets are going mostly sideways. This refusal to go down can be seen as a sign of strength. Or is it the proverbial silence before a storm? Let’s have a look at the S&P 500 (click for…
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Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,174.67 3,834.56 8.16 53 35.14 S&P 500 1,842.37 1,752.02 7.43 58 30.08 Nikkei 15,912.06 14,684.32 7.98 59 68.10 FTSE 100 6,739.90 6,541.16 1.25 2 -0.16 DAX 9,473.24 8,936.79 6.78 26 15.00 Bonds (TLT) 104.41 106.56 -2.83 34 -9.88…
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Stock markets have started the new year by going down. We already warned last week that the start of 2014 was likely to be disappointing and that appears to be panning out. We are now entering a lunar red period, so I think the weakness in stocks is going to continue a while longer. Here…
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