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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.
Reversal Levels - Outlook for week of April 15, 2019
Number of S&P 500 stocks in bullish trends (blue line): 387 (77%) versus 365 last week.
Number of S&P 500 stocks in daily bullish mode (red line): 418 (83%) versus 422 last week.
Situation is bullish and the number of stocks in bullish trends is going up. The red line stays above the
blue line. This indicates a continuing rally.
ELC: up | BMO: down | Blue snake: up | Repellor: up.
BMO keeps going down, but at a slower pace. Market stays above the upper boundary of the snake,
so a sudden pullback within the snake remains a risk.
S&P 500 Weekly chart
Major stock indexes are in bullish trends and adding to recent gains.
Bonds TLT are fully bullish with upward MoM. Hold.
Gold is weak bullish and dropped back below the 1300 level. MoM
stays down. Gold is probably going back to sleep if stocks keep doing
EURUSD is in fully bearish trend with downward MoM. Stay out or
Oil is in a bullish trend and stays above the $60 level.
Wheat is weak bearish with MoM turning back up. May have bottomed.
Sell signal for Argentina Merval.
Partial profits signal for Canada TSX. A 6%
gain in 10 weeks.
Partial profits signal for China SSEC. A 12%
gain in 7 weeks.
Partial profits signal for France CAC40. A 6%
gain in 8 weeks.
Partial profits signal for Italy MIB. An 8% gain
in 8 weeks.
Partial profits signal for Netherlands AEX. A
5% gain in 9 weeks.
Partial profits signal for Taiwan TAIEX. A 7%
gain in 8 weeks.
MoM is turning back up for several markets.
This looks like a bullish continuation after a
We get some early partial profits signals,
after 6-7 weeks of bullish trend. You can use
it to reduce exposure, but longer term
investors can wait. The average trend lasts
for 20 weeks and not rarely more than 50
Buy signals for DWDP, GS and JPM.
Bearish divergence for JNJ.
Partial profits signal for CSCO. A 23% gain in 11
Partial profits signal for MSFT. A 13% gain in 12
Partial profits signal for PG. A 21% gain in 25
Partial profits signal for V. A 14% gain in 10
27 stocks bullish, up from 24 last week. Above
20 = bullish market. See article:
Keeping an eye on the Dow stocks
Still going strong. Just going along until we get
Sell signals again.
30 Dow Jones Industrials stocks
No changes this week.
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.
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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.
Reversallevels.com 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.
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