Markets turned down as expected. So far it has been a fairly mild downturn, but that doesn’t mean it is over already. Let’s have a look at the S&P 500 (click for larger image): The long term uptrend is intact, but none of my indcators is showing any signs of a bottom at this point.… Continue reading Dip not done
Tag: S&P 500
Key reversal levels for week of December 16, 2013
Key reversal levels for this week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,000.98 3,758.37 8.29 49 29.52 S&P 500 1,775.31 1,718.10 7.75 54 25.35 Nikkei 15,403.11 14,070.27 5.58 55 62.72 FTSE 100 6,440.00 6,629.66 1.38 0 0.00 DAX 9,006.46 8,774.91 7.47 22 9.33 Bonds (TLT) 103.21 107.46 -2.09 30 -10.92… Continue reading Key reversal levels for week of December 16, 2013
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