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Outlook for Week of December 24, 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.

Published in: Economy & Finance
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Outlook for Week of December 24, 2018

  1. 1. Reversal Levels - Outlook for week of December 24, 2018  Number of S&P 500 stocks in bullish trends (blue line): 67 (13%) versus 153 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 9 (2%) versus 97 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. © Reversallevels.com
  2. 2.  ELC: down. BMO: down. Blue snake: down. Repellor: down  Bearish and staying below the Repellor line. BMO has turned back down. No signs of a bottom on the weekly chart. Trendline support at 2400 could stop the decline. Just wait and see.. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  Speculative Buy signal for German DAX and Australia AOI.  Most major markets are in ongoing bearish trends. Bovespa stays weak bullish.  Bonds TLT are in a 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 -8 zone. If MoM turns back up a nice rebound can start.  Wheat is in a bullish trend. Needs to hold the 500 level. © Reversallevels.com Major indices
  4. 4.  Sell signals for Argentina MERVAL, Israel TA100 and Russia RTS.  Speculative Buy signals for France CAC40, Mexico IPC and Russell 2000.  A significant down week. Only Indonesia JCI and Dow Utilities are staying in bullish trends. World markets © Reversallevels.com
  5. 5.  Sell signals for AXP, CSCO, DIS, MSFT, UNH, V and WBA..  6 stocks bullish, down from 13 last week. Below 10 = bearish market. See article: Keeping an eye on the Dow stocks  Number of bullish stocks falls to its lowest level since January 2016. 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 © Reversallevels.com
  6. 6.  Sell signal for USDJPY.  Bullish continuation for USDTRY. Can add to long positions.  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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