Tag: Nasdaq

Key reversal levels for week of March 31, 2014

Comments for this week (the key reversal tables are below) : * The Nasdaq has continued its recent weakness and went into declining mode when it closed below its daily key reversal level last Monday. The S&P 500 and the Dow Jones have been stronger and have not dropped below any key levels yet. *… Continue reading Key reversal levels for week of March 31, 2014

Key reversal levels for week of March 24, 2014

Comments for this week (the key reversal tables are below) : * Weekly momentum (MoM) is turning down again for the Nasdaq. May have peaked for a while. This is an important signal as the Nasdaq has been one of the strongest markets in the recent months. Wait and see whether MoM can pick up… Continue reading Key reversal levels for week of March 24, 2014

Adverse move ratio

The US stock market has been climbing steadily without any serious pullback for more than a year. Some analysts consider this a dangerous sign of complacency, others blame the central bank’s QE policies for this “abnormal” market. Almost all seem to agree that this can only end with a crash. But how unusual is this… Continue reading Adverse move ratio

Key reversal levels for week of March 17, 2014

Comments for this week (the key reversal tables are below) : * DAX, FTSE 100 and Nikkei have closed below their weekly key reversal levels and are now in fully bearish mode. Avoid until we see weekly MoM turning back up for these markets. * The Nasdaq and S&P 500 are quite a bit stronger… Continue reading Key reversal levels for week of March 17, 2014