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Key reversal levels for week of December 22, 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 most of the time, and helps to avoid big losses on investments.

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Key reversal levels for week of December 22, 2014

  1. 1. Key reversal levels for week of December 22, 2014  MoM turns down for Nasdaq, S&P 500 and Nikkei. Could be a top and is a chance to take partial profits.  Bonds continue bull run.  Gold is building a base near $1200. MoM remains positive, but gold still needs to break above $1243 to get into bullish mode. Failure to do so would result in another leg down.  $EURUSD continues to put in slightly lower lows. MoM remains up, suggesting a rebound rally to start.  Oil remains fully bearish. Waiting for MoM to turn up in the coming weeks. A -9 is rare on the weekly level. Most oversold market but it is important to wait for upward MoM. Weekly keys: © LunaticTrader.com
  2. 2.  Most stock indexes have surged back into rally mode with upward MoM. Testing their Top targets again. May give a double top or a breakout into new highs.  Bonds stagnating after a solid rally. MoM has turned down. May have formed a double top.  Gold has dropped back into bearish mode after a failed rally.  EURUSD turned bullish for one day and then dropped back immediately. Generally that's not a good sign, so Euro may continue its fall. Waiting for MoM to turn back up  Oil has gathered upward MoM after a long decline. Attractive speculative buy for a rally back to $65-70 Daily keys: © LunaticTrader.com
  3. 3.  Take some profit signals for: Singapore, Switzerland and Turkey. This doesn't mean you have to sell, but weekly MoM turning down after a weak rally is a sign to be very careful  Markets to watch, very close to turning bullish: Spain and MSCI World.  Markets to watch, very close to turning bearish: Singapore  Comment: No buy or sell signals this week. But MoM is turning down for 8 indexes in our list, which points to stagnation or the start of a more extended downturn. Weekly keys for World markets and sectors: © LunaticTrader.com
  4. 4.  Speculative buy signal for IBM  Partial profits can be taken in HD TRV and V  20 stocks bullish, changed from 20 last week. Above 20 = healthy bull market. See article: Keeping an eye on the Dow stocks  Comment: We remain at 20 bullish stocks, no major changes from last week. If this is just some temporary weakness then we should see it go back to 25 bullish stocks. Weekly keys for the 30 Dow stocks: © LunaticTrader.com Note: the daily key levels for over 1000 stocks and ETF can be picked up for a few $ on Scutify every day: click here
  5. 5.  A new Bottom1 target for Nasdaq at 4419  A new Bottom1 target for S&P 500 at 1894  A new Bottom1 target for Nikkei at 16048  A new Bottom1 target for DAX at 9042  A new Top2 target for Bonds TLT at 130.65  A new Top2 target for Gold at 1274  A new Bottom2 target for EURUSD at 1.2087  A new Bottom1 target for Oil at 36.68 . Key target zones: Legend * = new or updated target Note: we use a +/-1% zone around these targets. These key target zones are a by-product of the key level calculations. When a key target is reached the market will typically react and turn back from it. On the second or third attempt the target gets finally broken and then the next target comes into play. So these key target zones can be used as price objectives for taking profits or for entering the market after a significant sell-off. They can be seen as a kind of pivot points. When MoM indicator reverses right near a key target it is very likely that the market has reached a temporary peak (or bottom). 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. The daily key levels for over 1000 stocks and ETF can be picked up for a few $ on Scutify every day: click here
  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. The daily key levels for over 1000 stocks and ETF can be picked up for a few $ on Scutify every day: click here

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