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Outlook for Week of April 27, 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 27, 2020

  1. 1. Reversal Levels - Outlook for week of April 27, 2020  Number of S&P 500 stocks in bullish trends (blue line): 103 (21%) versus 93 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 290 (58%) versus 308 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 2939, so that could provide the next test. © S&P 500 Weekly chart
  3. 3.  Speculative Buy signal for Australia AOI and Brazil Bovespa.  All major markets are now weak bearish with upward MoM.  Bonds TLT keep giving a partial profits signal. Change to weak bullish.  Gold is fully bullish and has overcome the $1700 resistance.  EURUSD stays fully bearish.  Oil keeps giving a spBuy signal. Weak bearish. The weekly RevL is at $41.6, so there is potential for a huge bounce back. © Major indices
  4. 4.  Speculative Buy signals for CAC40, India SENSEX, Indonesia JCI, Italy MIB, Mexico IPC, Nigeria NGSE, Singapore STI, Spain IBEX, Russell 2000 and Bloomberg Commodity Index BCOM.  MoM has turned up for all markets.  Spain IBEX is our new best performer. It is down 25.77% since its Sell signal 8 weeks ago. World markets ©
  5. 5.  Buy signals for PFE.  Speculative Buy signals for AXP, BA and JPM.  9 stocks bullish, up from 8 last week. Below 15 = bear market. See: Keeping an eye on the Dow stocks  MoM has now turned up for all 30 Dow stocks. But there is a risk that this is only a big rebound rally in an ongoing bear market. The majority of Dow stocks remains in bearish trends.  Boeing BA is our best performer. A 60.7% decline since its Sell signal 19 weeks ago and the move is ongoing. Avoiding big losses is as important as staying in the winning trades. . 30 Dow Jones Industrials stocks ©
  6. 6.  Bullish divergence for Ethereum.  Partial profits signal for USDINR. A 7.4% gain in 37 weeks.  Partial profits signal for USDRUB. A 16.3% gain in 12 weeks.  Partial profits signal for USDTRY. An 19.6% gain in 34 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.