Outlook for Week of February 9, 2015

Outlook for Week of February 9, 2015

It looks like the Nasdaq and S&P have survived another test of their
weekly reversal levels. Still weak bullish.

European markets remain fully bullish.

Bonds (TLT) are giving a partial profits signal. MoM has turned down
from a very high +9 level. Blow-off peak may be in place.

Gold still fully bullish, but needs to resume rally if it is to stay fully bullish.

$EURUSD probably close to a bottom, with MoM at very depressed -9.

Oil is trying to rally. The weekly reversal level, currently at $71, can
become its next target.

Wheat is fully bearish. Waiting for MoM to turn back up.
Weekly Reversal Levels
© LunaticTrader.com


US markets are bouncing back strongly. Probably headed for their Top
targets next (see page 5).

Japanese and EU markets are digesting their recent rallies.

Bonds (TLT) are giving a sell signal. With weekly MoM also down I
wouldn't negate this signal.

Gold is giving a sell signal as well. Waiting for MoM to turn back up.

EURUSD is stabilizing. Will rally further if it can close above its daily
reversal level, currently at 1.1664

Oil gave a buy signal early in the week, but dropped back quickly. MoM
has continued to point upwards. Another buy signal this week would
probably give us a more sustained rally to $60+. Watch oil.

Wheat is pushing towards its daily reversal level. Needs a close above
546 to turn bullish.
Daily Reversal Levels


Buy signal for Canada and MSCI World
Index.

Sell signal for Turkey.

Weak buy signal for Dow Industrials.

Can take partial profits in Dow Utilities.

Comment: Not a bad week and we see some
further greening up in our table. Most buy
signals we got in recent weeks are doing
well. Australia is up 7% in a few weeks.
France, Italy, South Africa and Hong Kong
are all climbing nicely as well. It is important
to see follow through after fresh weekly buy
signals. The new buy signal in the MSCI
World Index is also boding well.
Weekly Reversal Levels for World markets


Buy signals for T and VZ

Speculative buy signal for CVX

16 stocks bullish, up from 14 last week. Back
above 15 = hesitating market looking for
direction. See article:
Keeping an eye on the Dow stocks

Comment: Last week we had a serious
warning when the number of bullish stocks
dropped below 15. This week we have two
buyers, putting the total back above 15. We
need to see 20 bullish stocks to give an “all
clear” message. So, this is a market that
remains on the edge.
Weekly Reversal Levels for 30 Dow stocks
Note: the weekly reversal levels for over 1000
stocks and ETF can be picked up for free
on my blog every weekend
The daily reversal levels for over 1000 stocks
and ETF are available for a few $ on Scutify
every day: click here


No new targets this week.

The Top1 targets are in play for stock
indexes. For most markets it is the second
or third attempt at these levels, so we may
get breakouts to the upside.

Gold has reversed at its Top1 target

Euro is hanging on to its Bottom targets at
1.14 and 1.11 If these levels hold a nice
rally is rally setting up in EURUSD
.
Target zones
Legend
* = new or updated target
(W) = major weekly target
Note: we use a +/-1% zone around these targets.
The target zones are a by-product of the reversal level calculations.
When a target is reached the market will typically react and turn back
from it. On the second or third attempt the target finally gets broken
and then the next target comes into play.
So these 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 target zone it is very likely
that the market has reached a temporary peak (or bottom).
For more details about the target zones, see:
http://lunatictrader.wordpress.com/2013/08/20/key-target-levels/

More details about the 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 reversal 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.
Note: the weekly reversal levels for over 1000 stocks and ETF can be picked
up for free on my blog every weekend
The daily reversal levels for over 1000 stocks and ETF are available for a few $
on Scutify every day: click here

Outlook for Week of February 9, 2015

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Outlook for Week of February 9, 2015