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Outlook for Week of August 13, 2018


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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 August 13, 2018

  1. 1. Reversal Levels - Outlook for week of August 13, 2018  Number of S&P 500 stocks in bullish trends (blue line): 334 (67%) versus 340 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 312 (62%) versus 312 last week.  Situation is bullish but the number of stocks in bullish trends is turning down. The red line stays below the blue line, indicating a pause or pullback has started. ©
  2. 2.  ELC: up. BMO: up. Blue snake: up.  Bullish and trying to charge higher. No signs of a top. The January highs are the next obvious hurdle to take on the way up. © S&P 500 Weekly chart
  3. 3.  Sell signal for German DAX and Bazil Bovespa. Bearish divergence for Nikkei  Bonds TLT are in bearish trend.  Gold is fully bearish but keeps giving a Speculative Buy signal.  EURUSD sees MoM turn back. Changes status to fully bearish.  Oil is weak bullish and could test its RevL at 65.11.  Wheat is fully bullish with upward MoM. Hold. © Major indices
  4. 4.  Buy signal for Malaysia.  The picture for world markets keeps improving and most markets have upward MoM. Markets may be leaving the recent corrections behind them. World markets ©
  5. 5.  Buy signal for WMT.  Partial profit signal for V. A 70% gain in 83 weeks.  22 stocks bullish, up from 21 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  So far so good. Looks like a continuing bull market until proven otherwise. . 30 Dow Jones Industrials stocks ©
  6. 6.  All our forex positions show profits (blue). Trend following can be very rewarding in currency markets.  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very 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. Currencies ©
  7. 7.  On Twitter:  On Facebook: https://wwww.facebook/Reversallevels/  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.