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Outlook for Week of August 6, 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 6, 2018

  1. 1. Reversal Levels - Outlook for week of August 6, 2018  Number of S&P 500 stocks in bullish trends (blue line): 340 (68%) versus 329 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 312 (62%) versus 334 last week.  Situation is bullish and the number of stocks in bullish trends keeps going up. The red line has fallen just below the blue line, indicating a pause or start of a pullback. © Reversallevels.com
  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. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  Buy signal for Bazil Bovespa. All major stock indexes are in bullish trends.  Bonds TLT are in bearish trend.  Gold stays fully bearish but is giving a Speculative Buy signal. This means a tradeable bottom may be near.  EURUSD is weak bearish. If MoM turns back down it would be a bearish continuation and increase the odds for a drop below 1.15  Oil is weak bullish and could test its RevL at 65.11.  Wheat is fully bullish with upward MoM. Hold. © Reversallevels.com Major indices
  4. 4.  Bullish divergence for South Africa.  The picture for world markets keeps improving and most markets have upward MoM. Markets may be leaving the recent corrections behind them. World markets © Reversallevels.com
  5. 5.  Partial profit signal for V. A 70% gain in 82 weeks.  21 stocks bullish, unchanged 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 © Reversallevels.com
  6. 6.  Bullish divergence for ETHUSD. Could rally towards its RevL.  Partial profits signal for USDTRY. A 42% gain in 44 weeks.  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 © Reversallevels.com
  7. 7.  On Twitter: http://twitter.com/lunatictrader1  On Facebook: https://wwww.facebook/Reversallevels/  On Stocktwits: http://stocktwits.com/LunaticTrader  Website: Reversallevels.com For daily comments and questions you can find us here: © Reversallevels.com 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. 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.

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