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Outlook for Week of December 9, 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.

Published in: Economy & Finance
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Outlook for Week of December 9, 2019

  1. 1. Reversal Levels - Outlook for week of December 9, 2019  Number of S&P 500 stocks in bullish trends (blue line): 370 (74%) versus 371 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 321 (64%) versus 360 last week.  Situation is bullish and the number of stocks in bullish trends is flat. The red line stays below the blue line. This indicates an ongoing pause or pullback. ©
  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.  Bearish divergence for FTSE 100.  All major markets stay in bullish trends. But several markets see MoM turn down., which indicates they may have peaked for a while.  Bonds TLT are in bullish trend with upward MoM. Need follow through.  Gold stays weak bullish. Could test its RevL in the coming weeks.  EURUSD is fully bearish with downward MoM. The 1.10 level remains an important hold.  Buy signal for Oil. Start of a bullish trend.  Wheat stays fully Bullish. © Major indices
  4. 4.  Sell signal for Mexico IPC.  Bullish divergence for Indonesia JCI.  Bearish divergence for Singapore STI and South Africa JOHA.  Partial profits signal for Taiwan TAIEX. A 15% gain in 42 weeks.  MoM is turning down for a number of markets. That could be just a pause or the start of more significant weakness.  Our current best performer is the Gold stocks index XAU. A 30% gain since its Buy signal 26 weeks ago and the move is ongoing. Be patient with winners. World markets ©
  5. 5.  Partial profits signal for AAPL. A 36% gain in 24 weeks.  Partial profits signal for JPM. An 18% gain in 13 weeks.  23 stocks bullish, unchanged from 23 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 Procter & Gamble PG. A 43% gain since its Buy signal 59 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. The well known pareto principle. . 30 Dow Jones Industrials stocks ©
  6. 6.  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.