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Outlook for Week of April 22, 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 22, 2019

  1. 1. Reversal Levels - Outlook for week of April 22, 2019  Number of S&P 500 stocks in bullish trends (blue line): 381 (76%) versus 387 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 341 (68%) versus 418 last week.  Situation is bullish but the number of stocks in bullish trends is going down a bit. The red line has fallen back below the blue line. This indicates a pause or pullback is starting. ©
  2. 2.  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
  3. 3.  Major stock indexes are in bullish trends.  Bonds TLT change to weak bullish with downward MoM.  Gold is weak bullish and approaching the weekly RevL.  EURUSD is weak bearish but showing bullish divergence. A 50 week bearish trend may be ending, but a weekly close 1.14 is needed to confirm.  Oil is in a bullish trend and adding to gains.  Wheat is weak bearish. May have bottomed. © Major indices
  4. 4.  Partial profits signal for Canada TSX. A 7% gain in 11 weeks.  Partial profits signal for China SSEC. A 15% gain in 8 weeks.  Partial profits signal for France CAC40. An 8% gain in 9 weeks.  Partial profits signal for Italy MIB. An 8% gain in 9 weeks.  Partial profits signal for Netherlands AEX. A 7% gain in 10 weeks.  Partial profits signal for South Africa JOHA. A 10% gain in 10 weeks.  Partial profits signal for Taiwan TAIEX. An 8% gain in 9 weeks.  We get some early partial profits signals, after 6-10 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 weeks. World markets ©
  5. 5.  Buy signal for KO.  Sell signal for MRK and PFE.  Bearish divergence for VZ.  Speculative Buy signal for WBA.  Partial profits signal for CSCO. A 23% gain in 12 weeks.  Partial profits signal for INTC. A 19% gain in 13 weeks.  Partial profits signal for MSFT. A 15% gain in 13 weeks.  Partial profits signal for PG. A 22% gain in 26 weeks.  Partial profits signal for V. A 14% gain in 11 weeks.  26 stocks bullish, down from 27 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks . 30 Dow Jones Industrials stocks ©
  6. 6.  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. 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.