Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3375 Up RALLY S: 3597 Down S&P 500 BULL S: 1586.80 Up RALLY S: 1675.70 Down Nikkei BULL S: 12623 Down * DECLINE R: 14207 Down FTSE 100 BULL S: 6296 Up RALLY… Continue reading Key reversal levels for week of August 12, 2013
Tag: key levels
Key reversal levels for week of August 5, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3342 Up RALLY S: 3568 Up S&P 500 BULL S: 1579 Up RALLY S: 1673.40 Up Nikkei BULL S: 12574 Up RALLY S: 13955 Up * FTSE 100 BULL S: 6284 Up RALLY S:… Continue reading Key reversal levels for week of August 5, 2013
Key reversal levels for week of July 29, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3314 Up RALLY S: 3533 Down S&P 500 BULL S: 1571 Up RALLY S: 1662.30 Down Nikkei BULL S: 12533 Up RALLY S: 14043 Down FTSE 100 BULL S: 6267 Up RALLY S: 6487… Continue reading Key reversal levels for week of July 29, 2013
Stops were taken out
A brief follow up on yesterday’s post. The trailing stops for Nasdaq and crude oil were both taken out yesterday, and their daily momentum continues to be down. The daily momentum for S&P 500 index also turned down yesterday, so that means we can now use a trailing stop just below yesterday’s low for that… Continue reading Stops were taken out
Trailing stops when you think a peak is near
As I described in my weekend post covering our key reversal levels, I like to use a trailing stop when daily momentum turns down after a sizable move in the market. When a market has a fully bullish picture ( status = bull , weekly mom = up , mode = rally , daily mom… Continue reading Trailing stops when you think a peak is near
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