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Outlook for Week of February 17, 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 17, 2020

  1. 1. Reversal Levels - Outlook for week of February 17, 2020  Number of S&P 500 stocks in bullish trends (blue line): 340 (68%) versus 322 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 340 (68%) versus 312 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The red line is equal with the blue line. That’s short term neutral. ©
  2. 2.  ELC: up | BMO: turns up | Blue snake: up | Repellor: up.  BMO turns back up, which is consistent with a continuing bull market. © S&P 500 Weekly chart
  3. 3.  FTSE100 and China SSEC are in bearish trends. The other major stock indexes stay bullish.  Bonds TLT are fully bullish with upward MoM.  Gold is giving a partial profits signal. Seems to stall below the $1600 barrier.  EURUSD is in a bearish trend with downward MoM.  Oil is in a bearish trend and tries to hold the $50 level. © Major indices
  4. 4.  Weak Buy signal for Taiwan TAIEX. Possible fake-out move.  Partial profits signal for Canada TSX. A 15% gain in 54 weeks.  MoM is turning back up for a number of markets. That’s a positive.  The Gold stocks index XAU stays our best performer. A 38.8% gain since its Buy signal 36 weeks ago and the move is ongoing. Be patient with winners. World markets ©
  5. 5.  Bullish divergence for TRV.  Partial profits signal for AXP. A 12% gain in 14 weeks.  Partial profits signal for MSFT. A 73% gain in 56 weeks.  Partial profits signal for V. A 50% gain in 54 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 best performer. A 73.6% gain since its Buy signal 56 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.  No major changes this week.  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.