Comments for this week (the reversal tables are posted below) : * The Nikkei has closed above its weekly key reversal level and is now bullish again. But it could be a fake out move as its weekly MoM remains to the downside, which is suspect. If Nikkei moves above 15500 we can become more… Continue reading Key reversal levels for week of March 10, 2014
Tag: Nasdaq
LT wave for March
Markets reached new highs last weeks, and the S&P 500 came within 2 points of the 1870 target we had put out. With a lunar red period set to start this week, we have to watch out on the downside. Here is the current Nasdaq chart (click for larger image): The Nasdaq keeps working its… Continue reading LT wave for March
Key reversal levels for week of March 3, 2014
Comments for this week (the tables are posted below) : * Most stock markets are back to strong bullish status on the weekly level, but remain in weak bullish mode on the daily level. This means that the recent rally may have peaked or is close to a peak. So, keep a stop loss close… Continue reading Key reversal levels for week of March 3, 2014
The intuition trap
A lot of investors rely on intuition to estimate the odds of the market going up or down, and this influences their trading decisions. The Dow Jones Industrials has been going up five years in a row, so now we are overdue for a down year, isn’t it? There hasn’t been a 10% correction for… Continue reading The intuition trap
Key reversal levels for week of February 24, 2014
Key reversal levels for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,263.41 3,903.20 6.03 59 38.01 S&P 500 1,836.25 1,766.65 2.27 64 29.65 Nikkei 14,865.67 15,239.04 -1.45 2 1.49 FTSE 100 6,838.10 6,554.90 0.42 0 0.00 DAX 9,656.95 9,056.11 3.64 32 17.23 Bonds (TLT) 106.67 104.84 2.86 4 -0.51… Continue reading Key reversal levels for week of February 24, 2014
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