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Outlook for Week of August 7, 2017


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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 on investments.

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Outlook for Week of August 7, 2017

  1. 1. Reversal Levels - Outlook for week of August 7, 2017  Number of S&P 500 stocks in bullish trends (blue line): 341 (68%) versus 352 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 283 (57%) versus 315 last week.  Situation is bullish but the number of stocks in bullish trends is going down again. The red line stays below the blue line, putting the recent rally on hold. ©
  2. 2.  Partial profits signal for S&P 500. A nice 15% gain since our Buy signal 38 weeks ago. Most markets stay in bullish trends. Australia AOI is the only major index in a bearish trend.  Bonds are weak bullish. If MoM turns back up it would show a bullish continuation.  Gold is in a fresh bullish trend. Needs follow through.  EURUSD is fully bullish but keeps giving a partial profits signal. 1.18 could be the top for at least a while.  Oil is in a fresh bullish trend. Needs to get above $50 for continuation.  Wheat is weak bullish and testing its weekly RevL. © Major indices
  3. 3.  Sell signal for Israel.  Last week’s Sell signal for Thailand was a data error. Has been corrected.  Partial profits signal for India. A 16% gain in 27 weeks.  Partial profits signal for South Korea. A 17% gain in 33 weeks.  Partial profits signal for Taiwan. A 22% gain in 61 weeks.  Partial profits signal for Turkey. A 39% gain in 31 weeks.  Partial profits signal for Dow Industrials. A 17% gain in 38 weeks.  Most world markets stay in bullish trends and well above their weekly RevL.  We just ride the moves until we get Sell signals. Taking some partial profits on a pP signal is always a good way to take the risk out of a position and raise some cash. World markets ©
  4. 4.  Buy signal for CVX, GS and INTC.  Weak Buy signal for HD.  Partial profits signal for AXP. A 27% gain in 41 weeks.  Partial profits signal for UNH. A 33% gain in 41 weeks.  25 stocks bullish, up from 21 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Number of bullish stocks jumps to 25. This is a bit surprising as the number of bullish stocks in the broader S&P 500 is weakening (see page 1). It suggests money is flowing into the relative safety of large mega-cap stocks. This can be the sign of a top.  You can still take some money off the table in the stocks that are giving partial profits signals. . 30 Dow Jones Industrials stocks ©
  5. 5.  Bullish divergence for USDMXN. Can be used as a speculative Buy.  Note: Bitcoin has already jumped to $3200+ over the weekend. Not yet reflected here as we use Friday closes for the calculation of weekly reversal levels. Needless to say BTC stays in bullish trend and well above its weekly RevL at $1673.49.  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.