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)… Continue reading Monthly key reversal levels January 2014
Category: Market Commentary
Ending the year at a high
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… Continue reading Ending the year at a high
Key reversal levels for week of December 30, 2013
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… Continue reading Key reversal levels for week of December 30, 2013
2013 has been good for lunar trading
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… Continue reading 2013 has been good for lunar trading
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
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