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Outlook for Week of August 20, 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 20, 2018

  1. 1. Reversal Levels - Outlook for week of August 20, 2018  Number of S&P 500 stocks in bullish trends (blue line): 331 (66%) versus 334 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 305 (61%) versus 312 last week.  Situation is bullish but the number of stocks in bullish trends is going down. The red line stays below the blue line, indicating a pause or pullback has started. ©
  2. 2.  ELC: up. BMO: turning down. Blue snake: up.  Bullish and trying to charge higher. BMO going back down is a first warning sign and could indicate a double top in place. © S&P 500 Weekly chart
  3. 3.  DAX and Bovespa stay in bearish trends. Other major stock indexes are still bullish.  Bonds TLT are in bearish trend.  Gold is fully bearish but keeps giving a Speculative Buy signal. If MoM turns up it could trigger a nice rally.  EURUSD is fully bearish with no signs of a bottom.  Oil is weak bullish and is testing its RevL as expected. Needs to make weekly close above RevL at 65.14 to stay in bullish trend.  Wheat is fully bullish with upward MoM. Hold. © Major indices
  4. 4.  Sell signal for France CAC and Taiwan TAIEX.  The picture for world markets is gradually worsening again, putting question marks behind the recent rebounds in a lot of markets. World markets ©
  5. 5.  Sell signal for CVX and XOM.  Bullish divergence for MCD.  20 stocks bullish, down from 22 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  With two sellers the number of bullish stocks turns down again. If that trend continues in the coming weeks we will have to consider more bearish scenarios again. . 30 Dow Jones Industrials stocks ©
  6. 6.  No major changes..  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. 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.