Tag: key levels

Here are our key reversal levels for next week. Notice how the key levels have changed from last week. They typically go up (or down) with the market. Status Key (W) Mode Key (D) Nasdaq BULL S: 3233 DECLINE R: 3456 S&P 500 BULL S: 1534 DECLINE R: 1644 Nikkei BULL S: 11891 DECLINE R:… Continue reading Key reversal levels for week of June 16, 2013

As a follow up to the key levels we posted a few days ago, here they are going into the next week. Notice how the Nasdaq has closed above its daily key level yesterday and is now in rally mode again. The S&P 500 closed just a few points below its daily key level and… Continue reading Key levels for next week

Yesterday, all three major US stock indices closed below my daily trailing stop-loss levels. It is the first time it happens this year. This doesn’t mean we are in a bear market already, as the stocks may still rebound. But, if they also fall below my weekly stop-loss levels, then we will be in a… Continue reading Levels to watch