Tag: S&P 500

Key reversal levels for week of April 21, 2014

Comments on the key levels for this week : * The Nasdaq and the Nikkei tested their Bottom1 targets last week and bounced back strongly. For the Nikkei we now see weekly MoM turn up, the first major index to do so. This is a tentative sign that the recent “correction” may be over already.… Continue reading Key reversal levels for week of April 21, 2014

Midweek comments

Some interesting developments in my daily key reversal levels. * Daily momentum (MoM) remains down for all major stock indexes, but if markets do not drop today then MoM will probably turn up for several markets. That would set us up for a rally. * Gold broke above its daily key reversal level on Monday… Continue reading Midweek comments

Key reversal levels for week of April 7, 2014

Comments on the key levels for this week : * It was an interesting first week of April. One reader was puzzled and asking how our system can be bullish for the S&P 500 and bearish for Nasdaq. But here we are a few weeks later and the Nasdaq is already more than 5% below… Continue reading Key reversal levels for week of April 7, 2014

Monthly key levels for April 2014

Here are our monthly key reversal levels going into April 2014. Remember, these monthly key reversal are only for long term market orientation. Try to invest mainly in the stronger markets (dark green) and take (partial) profits in markets that go to light green. Speculative buying can be done in the markets that switch from… Continue reading Monthly key levels for April 2014