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Outlook for Week of April 20, 2020


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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 20, 2020

  1. 1. Reversal Levels - Outlook for week of April 20, 2020  Number of S&P 500 stocks in bullish trends (blue line): 93 (19%) versus 50 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 308 (62%) versus 322 last week.  Situation is bearish but the number of stocks in bullish trends keeps going up. The red line stays well above the blue line and above 50%. This indicates an ongoing rally. ©
  2. 2.  ELC: down | BMO: up | Blue snake: down | Repellor: down.  BMO keeps going up. The other indicators are still bearish, so it’s too early to tell how far the rebound will carry. The weekly Repellor is at 2940, so that could provide the next test. © S&P 500 Weekly chart
  3. 3.  Speculative Buy signals for FTSE 100, Nikkei and Bovespa.  Most major markets are weak bearish with upward MoM.  Bonds TLT keep giving a partial profits signal.  Gold is fully bullish. The $1700 level puts up resistance.  EURUSD is fully bearish.  Oil keeps giving a spBuy signal. Weak bearish. The weekly RevL is at $43, so there is potential for a huge bounce back. © Major indices
  4. 4.  Buy signal for XAU gold stocks index.  Speculative Buy signals for CAC40, Indonesia JCI, Malaysia KLCI, Russia RTS, Singapore STI, Thailand SET, Dow Transports, Russell 2000 and Bloomberg Commodity Index BCOM.  MoM is turning up for most indexes.  Because markets remain far below their reversal levels the door is open for spectacular rebound rallies. It’s too early to tell if such rallies mark real bottoms.  Thailand SET is our best performer. It is down 24.5% since its Sell signal 36 weeks ago. World markets ©
  5. 5.  Buy signals for AAPL, INTC, JNJ, PG, UNH and VZ.  Speculative Buy signals for DIS, JNJ, JPM, RTX, WBA and XOM.  8 stocks bullish, up from 2 last week. Below 15 = bear market. See: Keeping an eye on the Dow stocks  MoM has turned up for all but one stock (BA). And we have a nice batch of Buy signals. But there is a risk that this is only a big rebound rally in an ongoing bear market. The vast majority of Dow stocks remains in bearish trends.  Boeing BA is our best performer. A 53.1% decline since its Sell signal 18 weeks ago and the move is ongoing. Avoiding big losses is as important as staying in winning trades. . 30 Dow Jones Industrials stocks ©
  6. 6.  Partial profits signal for USDINR. A 7.8% gain in 36 weeks.  Partial profits signal for USDTRY. An 18.8% gain in 33 weeks.  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 bullish trends and sell the rallies during 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.