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… Continue reading Key reversal levels for January 28
Category: Market Commentary
Keeping an eye on the Dow stocks
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.… Continue reading Keeping an eye on the Dow stocks
Key reversal levels for week of January 27, 2014
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… Continue reading Key reversal levels for week of January 27, 2014
Overextended
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… Continue reading Overextended
Key reversal levels for week of January 20, 2014
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… Continue reading Key reversal levels for week of January 20, 2014
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