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Outlook for Week of December 17, 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 17, 2018

  1. 1. Reversal Levels - Outlook for week of December 17, 2018  Number of S&P 500 stocks in bullish trends (blue line): 153 (31%) versus 180 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 97 (19%) versus 133 last week.  Situation is bearish and the number of stocks in bullish trends keeps going down. The red line stays below the blue line, indicating a continuation of the recent declines. ©
  2. 2.  ELC: down. BMO: up. Blue snake: down. Repellor: down  Bearish and staying below the Repellor line. BMO is still going up from a very oversold low, indicating an ongoing rebound or sideways pause. If BMO turns down the market will probably penetrate the lower snake, currently at 2523. © S&P 500 Weekly chart
  3. 3.  Ongoing speculative Buy signal for Australia AOI. Bullish divergence for FTSE 100.  Most major markets are in ongoing bearish trends. Bovespa is weak bullish.  Bonds TLT are in a new bullish trend.  Gold is also in a fresh bullish trend.  EURUSD is weak bearish. A test of weekly RevL is possible as long as MoM stays up..  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 giving a Buy signal. © Major indices
  4. 4.  Speculative Buy signals for France CAC40, Mexico IPC and Russell 2000.  Bullish divergence for Netherlands AEX..  A mixed week. But we start seeing some speculative buy signals, which is a first sign that some markets are trying to bottom out. World markets ©
  5. 5.  Sell signals for JNJ and WMT.  Bearish divergence for AXP.  Partial profits signal for PG. An 11% gain in 8 weeks.  13 stocks bullish, down from 15 last week. Below 15 = mild bearish market. See article: Keeping an eye on the Dow stocks  Number of bullish stocks falls to its lowest level since the early October record high. We need to see more than 20 bullish stocks to put the recent declines behind us. It’s a time to be patient and wait for Buy signals. . 30 Dow Jones Industrials stocks ©
  6. 6.  Bearish divergence for USDMXN.  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.