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.

1. Key reversal levels for week of December 8, 2014
 Major stock indexes remain fully
bullish.
 MoM turns back down for bonds
(TLT). Hesitating. Good chance to
take some profits.
 Gold is a speculative long term buy.
Potential rally to test the weekly key
level, currently at $1245
 $EURUSD continues to build a
base near 1.25. Still a speculative
buy.
 Oil remains fully bearish. Waiting
for MoM to turn up in the coming
weeks. A -8 is rare on the weekly
level. Once MoM turns up the
rebound will target the weekly key
level, currently at $88.39
Weekly keys:
© LunaticTrader.com

2.  Stock indexes are close to Top
targets and MoM now down for
most of them. Ready for a little
pullback.
 Bonds stagnating. MoM down.
 Gold struggling to break above
$1200. MoM turning down points to
a failed rally.
 EURUSD still grinding lower. Has
now been in daily bearish mode for
110 days = unusually long.
 Oil still fully bearish with downward
MoM. This is a waiting game. Both
daily and weekly MoM are now at
depressed -8 levels. Potential for a
great bounce once we get upward
MoM on oil.
Daily keys:
© LunaticTrader.com

3. Weekly keys for World markets and sectors:
 Sell signal for Canada and Social
Media sector.
 Markets to watch, very close to
turning bullish: Italy and South
Korea.
 Markets to watch, very close to
turning bearish: Mexico and South
Africa
 Speculative buy: Gold stocks and
South Korea.
 Comment: We start seeing some
deterioration after the massive rally
from the October lows. Social media
stocks, a leading sector for years, is
switching into bearish mode again.
An outlier? Or a canary in the coal
mine?
© LunaticTrader.com

4. Weekly keys for the 30 Dow stocks:
 Buy signal for UTX
 Sell signal for CAT, T and VZ
 23 stocks bullish, down from 25 last
week. Above 20 = healthy bull
market. See article:
Keeping an eye on the Dow stocks
 Comment: Despite new record highs
for Dow Industrials we see a bit
weaker picture with several stocks
turning bearish. No reason for panic,
with the majority of stocks still nicely
green.
Note: the daily key levels for 100s of
stocks and ETF can be picked up for a
few $ on Scutify every day: click here
© LunaticTrader.com

5. Key target zones:
 A new Top2 target for Nasdaq at
4974
 A new Top2 target for S&P 500 at
2137
 A new Top2 target for Nikkei at
20240
 A new Top2 target for DAX at
11074
 A new Top2 target for TLT at
125.70
.
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. 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/
For daily key levels, regular market commentary or questions you
are welcome to follow or contact us here:
 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
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.
© LunaticTrader.com
The daily key levels for 100s of stocks and
ETF can be picked up for a few $ on Scutify
every day: click here

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/
For daily key levels, regular market commentary or questions you
are welcome to follow or contact us here:
 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
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.
© LunaticTrader.com
The daily key levels for 100s of stocks and
ETF can be picked up for a few $ on Scutify
every day: click here