Tag: Nasdaq

Bearish divergences continue

In last week’s outlook we warned for a December dip in stock markets. The market has showed some weakness already, but Friday’s surge recovered most of the losses. Unfortunately, that hasn’t really improved the technical picture. Here is the current chart for the Nasdaq (click for larger image): The chart is very similar to the… Continue reading Bearish divergences continue

Key reversal levels for week of December 9, 2013

Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,062.52 3,738.41 8.41 48 31.51 S&P 500 1,805.09 1,710.97 8.27 53 27.45 Nikkei 15,299.86 13,933.64 4.96 54 61.63 FTSE 100 6,552.00 6,501.83 2.63 21 0.11 DAX 9,172.41 8,749.50 8.12 21 11.34 Bonds (TLT) 102.92 107.70 -1.71 29 -11.17… Continue reading Key reversal levels for week of December 9, 2013

Monthly key reversal levels

The start of a new month is always a good opportunity to take a look at longer term charts and indicators. While monthly charts do not give new signals very often, they can be very significant because monthly trends often continue for years. The key reversal levels I have been sharing on a weekly basis… Continue reading Monthly key reversal levels

Key reversal levels for week of December 2, 2013

Here is our key reversal levels table for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,059.88 3,714.71 8.31 47 31.42 S&P 500 1,805.81 1,702.00 8.29 52 27.50 Nikkei 15,661.87 13,828.43 3.94 53 65.45 FTSE 100 6,650.60 6,504.67 3.46 20 1.62 DAX 9,405.29 8,714.19 8.32 20 14.17 Bonds (TLT) 104.45… Continue reading Key reversal levels for week of December 2, 2013