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Outlook for Week of December 10, 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 December 10, 2018

  1. 1. Reversal Levels - Outlook for week of December 10, 2018  Number of S&P 500 stocks in bullish trends (blue line): 180 (36%) versus 197 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 133 (27%) versus 324 last week.  Situation is bearish and the number of stocks in bullish trends is turning down again. The red line is back below the blue line, indicating a continuation of the recent declines. © Reversallevels.com
  2. 2.  ELC: down. BMO: up. Blue snake: down. Repellor: down  Bearish and retesting the Repellor line. BMO is still going up from a very oversold low, indicating an ongoing rebound or sideways pause. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  Ongoing speculative Buy signal for Australia AOI.  Most major markets are in ongoing bearish trends. Bovespa is weak bullish.  Bonds TLT are giving a Buy signal. Start of a new bullish trend.  Gold is also giving a Buy signal. New bullish trend.  EURUSD is showing a bullish divergence. A weekly close above 1.1646 would end a 31 week bearish trend.  Oil stays fully bearish with no signs of a bottom. MoM is in the depressed -7 zone. If MoM turns back up a nice rebound can start.  Wheat is weak bearish and testing its weekly RevL. © Reversallevels.com Major indices
  4. 4.  Buy signal for Russia RTS  Sell signal for Switzerland SMI.  Bullish divergence for South Africa JOHA.  Bullish divergence for Thailand SET.  MoM is turning up for more markets. That suggests the recent declines are over or on hold. We can become a bit more optimistic for short to medium term, but I would still wait for Buy signals. World markets © Reversallevels.com
  5. 5.  Partial profits signal for WBA. An 18% gain in 19 weeks.  15 stocks bullish, unchanged from 15 last week. Below 15 = mild bearish market. See article: Keeping an eye on the Dow stocks  Number of bullish stocks stays at the 50% edge. We want to see more than 20 bullish stocks to put the recent declines behind us. . 30 Dow Jones Industrials stocks © Reversallevels.com
  6. 6.  Buy signal for EURGBP.  Weak Buy signal for USDINR. Possible fake-out move.  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 © Reversallevels.com
  7. 7.  On Twitter: http://twitter.com/lunatictrader1  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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