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Outlook for Week of August 5, 2019


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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 5, 2019

  1. 1. Reversal Levels - Outlook for week of August 5, 2019  Number of S&P 500 stocks in bullish trends (blue line): 316 (63%) versus 362 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 172 (34%) versus 328 last week.  Situation is bullish but the number of stocks in bullish trends is going down. The red line stays below the blue line. This is consistent with an ongoing pullback or correction. ©
  2. 2.  ELC: up | BMO: turns down | Blue snake: up | Repellor: up.  BMO has peaked in the +2 zone. ELC is still going up, but would paint a massive bearish divergence if it turns down as well. © S&P 500 Weekly chart
  3. 3.  Bearish divergence for S&P 500. Most markets change to weak bullish trends.  Ongoing partial profits signal for Australia AOI. An 11% gain in 25 weeks.  Bonds TLT are weak bullish.  Gold is giving a partial profits signal. A 15% gain in 34 weeks.  EURUSD is in a young bearish trend.  Oil reverts to fully bearish with downward MoM.  Wheat is weak bullish. © Major indices
  4. 4.  Sell signals for China SSEC, Hong Kong HSI and Malaysia KLCI.  Bearish divergences for Italy MIB, Singapore STI, Sweden OMX30 and Dow Industrials.  Partial profits signal for XAU Gold stocks. A 23% gain in 8 weeks.  A significant turn this week with many markets changing to downward MoM. World markets ©
  5. 5.  Sell signal for CAT, NKE and PFE.  Bearish divergence for CVX.  Partial profits signal for MCD. A 30% gain in 47 weeks.  Partial profits signal for MSFT. A 28% gain in 28 weeks.  Partial profits signal for PG. A 34% gain in 41 weeks.  Partial profits signal for V. A 27% gain in 26 weeks.  20 stocks bullish, down from 23 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  MoM turns down for a lot of stocks. Could easily get worse before it gets better. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for USDRUB.  Sell signal for USDTRY.  Bullish divergence for USDINR.  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.