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Outlook for Week of April 16, 2018


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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 on investments.

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Outlook for Week of April 16, 2018

  1. 1. Reversal Levels - Outlook for week of April 16, 2018  Number of S&P 500 stocks in bullish trends (blue line): 199 (40%) versus 192 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 204 (41%) versus 164 last week.  Situation is bearish and the number of stocks in bullish trends goes up a few notches. The red line has climbed just above the blue line, but remains well below 50%. That’s a small positive but there is still plenty of reason to stay cautious. ©
  2. 2.  ELC: down. BMO: turning up. Blue snake: down but flattening out.  This is a correction or early stage bear market. With BMO going up we are in a rally. Whether this is just a rebound in an ongoing decline or a rally to new highs remains to be seen. © S&P 500 Weekly chart
  3. 3.  Except for Brazil Bovespa all major markets stay in bearish trends, but a few markets are about to test their weekly reversal levels.  Bonds TLT are weak bearish and stalling just below their RevL.  Gold is back to fully bullish with MoM now pointing up again. Hold.  EURUSD is weak bullish. 1.25 remains strong overhead resistance.  Oil is fully bullish and looks set to add to gains.  Wheat stays weak bullish. If MoM can turn back up it will be a bullish continuation. © Major indices
  4. 4.  Buy signal for India Sensex and Netherlands AEX.  Weak Buy signal for Dow Industrials. Possible fake-out move.  Sell signals for Russia RTS and Turkey BIST100.  Bullish divergence for Canada TSX and Mexico IPC.  MoM turns up for more markets.  A noticeable improvement this week. This may be temporary, or it may be followed by more markets giving green light. It’s too early to tell  Stock markets could stay in corrective patterns for several more months. If that’s the case then we will see rallies stall before new highs are reached. This is a tricky environment. World markets ©
  5. 5.  Buy signal for CVX.  Ongoing Speculative Buy signal for GE.  Bullish divergence for MRK.  11 stocks bullish, up from 10 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  A small improvement, but much more will be needed to declare a continuation of the bull market..  In a prolonged bear market the number of bullish stocks can drop to zero. When it climbs back above 20 we will have a strong indication that the correction or bear market is over. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signal for USDCAD.  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very often.  For forex 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. Currencies ©
  7. 7.  On Twitter:  On Facebook: https://wwww.facebook/Reversallevels/  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 2700 stocks and ETF are available by monthly subscription. For just $1 a day you can become a more efficient investor: click here 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.