Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Outlook for Week of April 29, 2019


Published on

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.

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

Outlook for Week of April 29, 2019

  1. 1. Reversal Levels - Outlook for week of April 29, 2019  Number of S&P 500 stocks in bullish trends (blue line): 383 (77%) versus 381 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 323 (65%) versus 341 last week.  Situation is bullish and the number of stocks in bullish trends is stable. The red line stays 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.  Partial profits signal for S&P 500. A 6% gain in 10 weeks.  Major stock indexes stay in bullish trends.  Bonds TLT are weak bullish with downward MoM.  Gold is weak bullish and may test its weekly RevL.  EURUSD is back to fully bearish with downward MoM. Bearish continuation.  Oil is in a bullish trend.  Wheat is fully bearish with downward MoM. © Major indices
  4. 4.  Partial profits signal for Canada TSX. A 7% gain in 12 weeks.  Partial profits signal for France CAC40. An 8% gain in 10 weeks.  Partial profits signal for Netherlands AEX. A 7% gain in 11 weeks.  Partial profits signal for Taiwan TAIEX. An 8% gain in 10 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.  Sell signal for CVX and MMM.  Speculative Buy signal for WBA.  Partial profits signal for MSFT. A 21% gain in 14 weeks.  Partial profits signal for PG. A 22% gain in 27 weeks.  Partial profits signal for V. A 16% gain in 12 weeks.  24 stocks bullish, down from 26 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  A few Sell signals and MoM turns down for a number of stocks. Some signs of weakness, but not a reason for instant panic. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signal for GBPUSD.  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.