Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3242 Down DECLINE R: 3435 Up S&P 500 BULL S: 1549 Down DECLINE R: 1629 Up Nikkei BULL S: 12184 Down RALLY * S: 13307 Up FTSE 100 BEAR R: 6338 Down DECLINE R:… Continue reading Key reversal levels for week of July 1, 2013
Tag: Nasdaq
Trading the Super Moon
A reader has asked about the supermoon we had over the weekend. Does it affect stocks in a certain way? A supermoon happens when a full moon occurs near its closest point to the Earth. This makes the full moon appear bigger than normal. We get one about every 14 months, and they are easy… Continue reading Trading the Super Moon
Sell Euro
I am getting a sell signal for the Euro/US$ (click for larger image): The 1.34 level also happened to be our upside target for the Euro. *** Meanwhile, both the Nasdaq and the S&P 500 have closed above their daily reversal key levels, putting them in rally mode again. Their daily support key levels are… Continue reading Sell Euro
Nikkei panic
Got some questions on the Nikkei crash, so I will give my technical charts and my updated key levels, including those for Nikkei and for long term treasury bonds (TLT). The Nikkei crash started a few weeks ago, and now seems to be spilling over in other markets. The Japanese market is down over 20%… Continue reading Nikkei panic
Will it continue?
Markets bounced back from predictable support levels, as we mentioned last week. With a couple more lunar green period days to go, we are likely to see some additional upside early in the week, but the question remains if we will get any further than that. Let’s have a look at the Nasdaq chart (click… Continue reading Will it continue?
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