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.

1. Reversal Levels - Outlook for week of August 10, 2020

Number of S&P 500 stocks in bullish trends (blue line): 323 (65%) versus 308 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 391 (78%) versus 333 last week.

Situation is bullish and the number of stocks in bullish trends is going up. The red line stays above the
blue line. This suggests an ongoing rally phase.
© Reversallevels.com

2. 
ELC: up | BMO: up | Blue snake: up | Repellor: up.

BMO turns back up at a very high level. This suggests an ongoing bull market and is probably setting
the stage for a large bearish divergence at some point in the future.
© Reversallevels.com
S&P 500 Weekly chart

3. 
Partial profits signal for China SSEC. A 14% gain in 9 weeks.

Most major markets stay bullish, but the move appears to be stalling,
which has turned MoM down for some markets. That’s something to
keep an eye on.

Bonds TLT are fully bullish with upward MoM..

Gold stays fully bullish with no signs of a top. But weekly MoM is in the
euphoric +8 zone, so pullback or consolidation is probably due in this
market.

EURUSD stays in bullish trend.

Oil is weak bullish. May have peaked for a while.
© Reversallevels.com
Major indices

4. 
Sell signal for Turkey BIST100.

Bullish divergence for Egypt EGX30.

Partial profits signal for Taiwan TAIEX. An
11% gain in 9 weeks.

Partial profits signals before the 10th
week of
a bullish trend are usually just a pause. But
sometimes it indicates a failing rally.

Gold stocks XAU is our current best
performer. It is up 47.5% since its Buy signal
16 weeks ago.
World markets
© Reversallevels.com

5. 
Buy signal for DIS.

Bullish divergence for AXP and WBA.

Partial profits signal for AAPL. A 59.9% gain in
16 weeks.

19 stocks bullish, up from 18 last week. Below
20 = sputtering bull market. See:
Keeping an eye on the Dow stocks

The rebound is in question and we could see
the bear market pick up speed again if the
number of bullish stocks falls below 15.

AAPL is our current best performer. A 59.9%
gain since its Buy signal 16 weeks ago and the
move is ongoing.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

6. 
Partial profits signal for AUDUSD. A 7.7% gain in 10 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
© Reversallevels.com

7. 
On Twitter: http://twitter.com/lunatictrader1

On Stocktwits: http://stocktwits.com/LunaticTrader

Website: Reversallevels.com
For daily comments and questions you can find us here:
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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.
Reversallevels.com 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.
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