Key reversal levels for week of August 4, 2014

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Weekly key reversal levels for stocks, gold and currencies. Including my weekly comments on the state of the markets. Trend following method keeps you on the right side of the market and avoids big losses on investments.

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Key reversal levels for week of August 4, 2014

  1. 1. Key reversal levels for week of August 4, 2014  DAX has entered bearish mode.  MoM is turning down for the Nasdaq.  MoM is also turning down for gold, which is coming close to its weekly key reversal level. Weekly keys: © LunaticTrader.com
  2. 2.  US and European stock indexes are in daily declining mode with downward MoM. Waiting for 1st signs of a bottom when MoM turns back up.  Bonds have been rejected at their Top1 target and entered declining Mode.  Gold still weak.  Euro has held its Bottom1 target at 1.34 and sees MoM turning up from a low level. A rebound rally appears to be starting  Oil remains fully bearish. Daily keys: © LunaticTrader.com
  3. 3.  Russell 2000, Italy, Russia and Switzerland have turned bearish. -> most European markets now in weekly bearish Mode.  Weekly MoM is turning down for Canada. -> take (partial) profits.  Asian markets clearly stronger than the ROW right now. Weekly keys for World markets and sectors: © LunaticTrader.com
  4. 4.  Weekly sell signals for AXP, CAT, DD, KO, PFE, TRV and XOM  18 stocks bullish, down from 25 last week. Below 20 = struggling bull market. See: Keeping an eye on the Dow stocks  MoM turning down for CSCO, CVX, NKE, PFE, UNH, V and WMT  Only 6 stocks remain with weekly upward MoM  Clearly a deteriorating picture for most Dow stocks -> remaining very cautious Weekly keys for the 30 Dow stocks: © LunaticTrader.com
  5. 5.  We have a refined Top1 target for S&P 500 at 2004  A new Bottom2 target for $EURUSD at 1.3135.  FTSE100 is testing its Bottom1 target at 6642  Euro appears to hold its Bottom1 target at 1.3403. Key target zones: Legend * = new or updated target Note: we use a +/-1% zone around these targets. For more details about these key targets, see: http://lunatictrader.wordpress.com/2013/08/20/key-target-levels/ © LunaticTrader.com
  6. 6. More details about the key reversal levels and how to use them in your trading can be found here: http://lunatictrader.wordpress.com/key-reversal-levels/  Blog: http://LunaticTrader.Wordpress.com  On Twitter: http://twitter.com/lunatictrader1  On Scutify: http://www.scutify.com/profiles/scutifier.aspx?q=LunaticTrader  On Stocktwits: http://stocktwits.com/LunaticTrader For daily key levels, regular market commentary or questions you are welcome to follow or contact us here: © LunaticTrader.com Disclaimer Investing in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will be correct. LunaticTrader cannot in any way be responsible for eventual losses you may incur if you trade based on the given information. Simulated trading programs in general are subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Trade at your own risk and responsibility.
  7. 7. More details about the key reversal levels and how to use them in your trading can be found here: http://lunatictrader.wordpress.com/key-reversal-levels/  Blog: http://LunaticTrader.Wordpress.com  On Twitter: http://twitter.com/lunatictrader1  On Scutify: http://www.scutify.com/profiles/scutifier.aspx?q=LunaticTrader  On Stocktwits: http://stocktwits.com/LunaticTrader For daily key levels, regular market commentary or questions you are welcome to follow or contact us here: © LunaticTrader.com Disclaimer Investing in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will be correct. LunaticTrader cannot in any way be responsible for eventual losses you may incur if you trade based on the given information. Simulated trading programs in general are subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Trade at your own risk and responsibility.

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