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Outlook for Week of February 10, 2020


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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 February 10, 2020

  1. 1. Reversal Levels - Outlook for week of February 10, 2020  Number of S&P 500 stocks in bullish trends (blue line): 322 (64%) versus 316 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 312 (62%) versus 197 last week.  Situation is bullish and the number of stocks in bullish trends has turned up again. The red line is just below the blue line. This indicates an ongoing pullback or correction. ©
  2. 2.  ELC: up | BMO: down | Blue snake: up | Repellor: up.  BMO keeps going down, but the other indicators stay bullish. The bull market is not giving up yet. © S&P 500 Weekly chart
  3. 3.  Sell signal for China SSEC.  Most major markets have downward MoM and may also go on to test their RevL.  Bonds TLT are fully bullish with upward MoM.  Gold is fully bullish but fails to push above the $1600 barrier.  EURUSD is in a young bearish trend. Seems to be giving up the important 1.10 level..  Oil is in a bearish trend and continuing its decline. © Major indices
  4. 4.  Weak Buy signals for France CAC40, Netherlands AEX and South Korea KOSPI. Possible fake-out moves.  Partial profits signal for Israel TA100. A 16% gain in 50 weeks.  Partial profits signal for Turkey BIST100. A 22% gain in 32 weeks.  Almost all markets have downward MoM.  Our current best performer is the Gold stocks index XAU. A 37% gain since its Buy signal 35 weeks ago and the move is ongoing. Be patient with winners. World markets ©
  5. 5.  Partial profits signal for JNJ. An 13% gain in 12 weeks.  Partial profits signal for MSFT. A 72% gain in 55 weeks.  17 stocks bullish, unchanged from 17 last week. Below 20 = neutral. See: Keeping an eye on the Dow stocks  If the number of bullish stocks drops below 15 the odds of a bear market would rise strongly.  Microsoft is our new best performer. A 72.2% gain since its Buy signal 55 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. Aka the “pareto principle”. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for ETHUSD.  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.