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Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,131.91 3,817.78 8.19 52 33.75 S&P 500 1,831.37 1,743.93 7.55 57 29.30 Nikkei 16,291.30 14,555.31 8.00 58 72.10 FTSE 100 6,730.70 6,522.84 0.79 1 -0.30 DAX 9,435.15 8,896.79 6.89 25 14.53 Bonds (TLT) 102.17 106.72 -3.10 33 -11.82…
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Here are the monthly key reversal levels going into January 2014: Monthly Current Mode Key (M) MoM (M) Months % Ch. Nasdaq 4,176.58 3,307.92 8.99 49 93.16 S&P 500 1,848.36 1,531.01 8.45 23 40.83 Nikkei 16,291.30 12,309.63 8.45 12 53.63 FTSE 100 6,749.10 6,150.57 4.43 13 15.04 DAX 9,552.16 7,703.62 7.89 22 39.82 Bonds (TLT)…
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It looks like we are ending the year very close to the high targets we pointed out in late November. 4200 for the Nasdaq, 1850 for the S&P 500, and 16500 for the Dow Industrials are important top targets based on some of my methods and also happen to be the level of overhead resistance…
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Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,156.58 3,797.02 8.11 51 34.55 S&P 500 1,841.40 1,734.06 7.21 56 30.01 Nikkei 16,178.94 14,360.49 6.90 57 70.92 FTSE 100 6,750.89 6,499.67 0.42 0 0.00 DAX 9,589.38 8,853.05 6.89 24 16.41 Bonds (TLT) 101.81 107.04 -2.65 32 -12.13…
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The stock market pullback bottomed out last Wednesday and subsequently we saw major indexes catapult back to new highs within days. Bull markets have this habit of continuing longer and further than most traders expect. Those who bet against it are actually providing a good portion of the fuel that continues the uptrend longer than…
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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…
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Markets turned down as expected. So far it has been a fairly mild downturn, but that doesn’t mean it is over already. Let’s have a look at the S&P 500 (click for larger image): The long term uptrend is intact, but none of my indcators is showing any signs of a bottom at this point.…
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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…
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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…
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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…
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