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Outlook for Week of December 23, 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 December 23, 2019

  1. 1. Reversal Levels - Outlook for week of December 23, 2019  Number of S&P 500 stocks in bullish trends (blue line): 389 (78%) versus 367 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 394 (79%) versus 342 last week.  Situation is bullish and the number of stocks in bullish trends is goin up. The red line is back above the blue line. This indicates and ongoing rally. ©
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  Indicators stay bullish. No signs of a peak yet. BMO is in the +2 peak zone, so I am watching for a possible turn in this indicator. © S&P 500 Weekly chart
  3. 3.  Partial profits signal for S&P 500. An 11% gain in 28 weeks.  All major markets are in bullish trends.  Bonds TLT change to weak bullish. May turn bearish again.  Gold returns to fully bullish with upward MoM. Hold.  EURUSD is weak bearish. Needs a weekly close above 1.1153 to start a new bullish trend.  Oil is in a bullish trend and above the $60 hurdle. Needs follow through. © Major indices
  4. 4.  Buy signal for Indonesia JCI.  Buy signal for Malaysia KLCI.  Buy signal for Commodity Index BCOM.  Partial profits signal for Taiwan TAIEX. An 18% gain in 44 weeks.  Nearly all world markets are now in bullish trends.  Our current best performer is the Gold stocks index XAU. A 32% gain since its Buy signal 28 weeks ago and the move is ongoing. Be patient with winners. World markets ©
  5. 5.  Bullish divergence for CSCO.  Partial profits signal for AAPL. A 40% gain in 26 weeks.  Partial profits signal for JPM. A 20% gain in 15 weeks.  Partial profits signal for MSFT. A 47% gain in 48 weeks.  Partial profits signal for UNH. A 19% gain in 9 weeks.  22 stocks bullish, unchanged from 22 last week. Above 20 = bullish. See article: Keeping an eye on the Dow stocks  In major market advances the number of bullish stocks typically goes above 25. That hasn’t happened yet, but we are coming very close.  Our current best performer is Microsoft. A 47% gain since its Buy signal 48 weeks ago and the move is ongoing.  It’s very important to let winners run. 80% of our annual profits will typically come from just 20% of our trades. This is known as the pareto principle. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signals for USDCAD.  Speculative Buy signal for EURGBP.  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.