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Outlook for Week of April 1, 2019


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Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold and currencies. This method was designed to keep you on the right side of the market most of the time, letting the winners run while avoiding big losses.

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Outlook for Week of April 1, 2019

  1. 1. Reversal Levels - Outlook for week of April 1, 2019  Number of S&P 500 stocks in bullish trends (blue line): 328 (66%) versus 326 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 324 (65%) versus 298 last week.  Situation is bullish and the number of stocks in bullish trends is inching up again. The red line is trying to get back above the blue line. If it does so we would probably get a continuation of the rally. ©
  2. 2.  ELC: up | BMO: down | Blue snake: up | Repellor: up.  BMO keeps going down. Looks like a sideways pause. The Repellor line at 2672 is an important level to watch. If the market drops below that level the scenario for a continuing bear market would gain traction. © S&P 500 Weekly chart
  3. 3.  All major stock indexes remain in bullish trends. Follow through will be needed to avoid a failed rally.  Bonds TLT are fully bullish with upward MoM. Hold.  Gold is weak bullish and dropped back below the 1300 level. MoM stays down.  EURUSD reverts back to fully bearish trend with downward MoM. Attempts to break out above 1.14 resistance have failed.  Oil is in a bullish trend and back above the $60 level.  Wheat is fully bearish with no signs of a bottom. © Major indices
  4. 4.  Sell signal for Turkey BIST100.  Bearish divergence for Israel TA100. May have peaked.  Bullish divergence for Mexico IPC. May have bottomed.  Partial profits signal for Taiwan TAIEX. A 5% gain in 6 weeks.  MoM is turning down for more markets. This is not unusual, but follow through will be needed to avoid failed rallies.  Some markets are not far above their reversal levels, so continued weakness would probably trigger more Sell signals. World markets ©
  5. 5.  Partial profits signal for CSCO. An 18% gain in 9 weeks.  Partial profits signal for MRK. A 38% gain in 49 weeks.  Partial profits signal for PG. A 20% gain in 23 weeks.  Partial profits signal for V. An 11% gain in 8 weeks.  21 stocks bullish, unchanged from 21 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  We see hesitation in some stocks. That’s not abnormal given the recent run-up.  Four stocks with partial profits signals is something we haven’t seen in a while. Not a bad idea to take some money off the table. . 30 Dow Jones Industrials stocks ©
  6. 6.  Bullish divergence for AUDUSD.  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals so often.  For daytraders or swing traders: if you do your trading in the direction of the weekly trend you are likely to do well in the long run. So, try to buy the pullbacks in currencies pairs that are in weekly bullish trends and sell the rips during weekly bearish trends. Forex & Crypto ©
  7. 7.  On Twitter:  On Stocktwits:  Website: For daily comments and questions you can find 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. 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. Subscription service Daily reversal levels for over 3000 stocks and ETF are available by monthly subscription. For less than $1 a day you can become a more efficient investor: 1 Month ($22) 6 Months ($110) 1 Year ($199) Comes with full instructions and strategies for using the reversal levels and MoM indicator in your own trading. This is an honest method with limited risk, not a get rick quick formula. Give it a try.