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 August 21, 2017


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 on investments.

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

  • Be the first to like this

Outlook for Week of August 21, 2017

  1. 1. Reversal Levels - Outlook for week of August 21, 2017  Number of S&P 500 stocks in bullish trends (blue line): 291 (58%) versus 314 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 169 (34%) versus 173 last week.  Situation is still bullish but the number of stocks in bullish trends keeps dropping. The red line stays below 50%, which is bearish for shorter term. 2400 is important next support level. ©
  2. 2.  Sell signal for Nikkei. Joins German DAX and Australia AOI in bearish trend. S&P 500 and FTSE 100 are not far above their RevL, so may turn bearish as well. Brazil is stronger and stays fully bullish.  Bonds see MoM turn back up, which is a bullish continuation.  Gold is in a bullish trend. Hold.  EURUSD is fully bullish but keeps giving a partial profits signal. 1.18 remains overhead resistance.  Oil is in a bullish trend. Needs to get above $50 for continuation.  Wheat is in a new bearish trend. © Major indices
  3. 3.  Sell signal for Dow Transports.  Partial profits signal for Turkey. A 38% gain in 33 weeks.  Most world markets stay in bullish trends, but MoM is turning down for more countries. If you took our partial profits signals in recent weeks then you are probably not complaining as most indexes have pulled back from recent highs.  There is no reason for panic, but if the recent drops continue then we will probably get more sell signals. Just be ready. World markets ©
  4. 4.  Speculative Buy signal for GE.  Sell signal for PFE and UTX.  Partial profits signal for UNH. A 31% gain in 43 weeks.  22 stocks bullish, down from 24 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Dow stocks have held up better than the overall market. But we start seeing some sellers here as well. . 30 Dow Jones Industrials stocks ©
  5. 5.  No major changes this week.  Note: Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very often. Keep trading in the direction of the weekly trend and you are likely to do well in the long run. Currencies ©
  6. 6.  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 2700 stocks and ETF are available by monthly subscription. For just $1 a day you can become a more efficient investor: click here 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.