Key reversal levels for week of November 17, 2014

Key reversal levels for week of November 17, 2014

US and Japanese stocks strong,
European markets remain the
global laggards.

Bonds (TLT) weak bullish,
stagnating.

Gold still fully bearish for long
term investors.

$EURUSD continues to hold on to
the 1.25 level.

Oil remains fully bearish. Waiting
for MoM to turn up in the coming
weeks. A -8 is rare on the weekly
level. Oil now down 24% since our
weekly mode turned bearish 18
weeks ago.
Weekly keys:
© LunaticTrader.com


Nasdaq and S&P have downward
MoM after a monster rally. Look
for some pullback.

Nikkei has MoM +10, the
maximum.

Bonds trying to rally, but not very
convincing.

Gold bouncing back with upward
MoM. Look for a test of the daily
key.

EURUSD stable. Has been in
bearish mode for 95 days =
extremely long. A close above
1.2638 would turn it bullish.

Oil is extending its decline. $77
level didn't hold. The next lower
target at $68 may be reached.
Waiting for MoM to turn back up,
which would give a speculative
buy signal.
Daily keys:


Buy signals for Singapore, Social
Media sector, South Africa, Turkey
and MSCI World index.

Markets to watch, very close to
turning bullish: Canada.

Markets to watch, very close to
turning bearish: Australia, Mexico.

Comment: A majority of markets is
now back in the bullish camp. It is
quite important to see them build
on those recent gains. A failed
rally would not be a good omen.
European markets are significantly
weaker than the rest of the world,
with Switzerland being the only
exception.
Weekly keys for World markets and sectors:


Buy signals for BA and T

24 stocks bullish, up from 22 last
week. Above 20 = healthy bull
market. See article:
Keeping an eye on the Dow stocks

Comment: Only 6 Dow stocks
bearish, and 5 of them have upward
MoM. As I said last week, go with the
flow. There is no way to tell how long
stocks will stay in weekly bullish
mode. As you can see in the table,
some stocks have been in bullish
mode 60 or even 80 weeks, racking
up big gains. Some of the stocks that
have just gone bullish may look the
same 60 weeks down the road. The
best trending moves start when there
seems to be no good reason to buy.
Weekly keys for the 30 Dow stocks:
Note: the daily key levels for 100s of
stocks and ETF can be picked up for a
few $ on Scutify every day: click here


A new Top1 target for DAX at
9964.

A new Bottom1 target for TLT at
116.68

US and Japanese stocks sitting
right at their Top1 targets → may
turn down from here.

Gold and EURUSD have bounced
from their Bottom1 targets.

Crude Oil fell below its Bottom1,
the next target at $68.40 is now in
play.
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/

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:
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 100s of stocks and
ETF can be picked up for a few $ on Scutify
every day: click here

Key reversal levels for week of November 17, 2014

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Key reversal levels for week of November 17, 2014