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Outlook for Week of February 18, 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 February 18, 2019

  1. 1. Reversal Levels - Outlook for week of February 18, 2019  Number of S&P 500 stocks in bullish trends (blue line): 338 (68%) versus 267 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 445 (89%) versus 415 last week.  Situation is bullish and the number of stocks in bullish trends keeps climbing. The red line stays well above the blue line, indicating an ongoing rally from the recent lows. ©
  2. 2.  ELC: down, but flattening out | BMO: up | Blue snake: up | Repellor: up.  Market is above the blue snake boundary, which is usually a bullish omen. A continuation of the bull market is becoming the base scenario. © S&P 500 Weekly chart
  3. 3.  Buy signal for S&P 500 and FTSE 100. Most major indexes are now back in bullish trends. Nikkei and DAX stay weak bearish.  Bonds TLT are weak bullish.  Gold is giving a partial profits signal. May be peaking.  EURUSD reverts to fully bearish with downward MoM.  Oil stays in a weak bearish trend and is testing its RevL.  Wheat is giving a Sell signal. Failed rally. Keeps chopping around the 500 level without giving us any good trending moves. © Major indices
  4. 4.  Buy signals for France CAC40, Italy MIB, Taiwan TAIEX, Dow Transports and Russell 2000.  Bearish divergence for India SENSEX.  Further improvements this week. All but a few markets are in fresh bullish trends. We don’t know for how long. We just ride the trends wherever they lead us. World markets ©
  5. 5.  Buy signals for HD, MMM, TRV, UTX and XOM.  Sell signal for KO.  20 stocks bullish, up from 16 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  It is looking more and more like a genuine continuation of the bull market. Could the recent rallies still fail at this point? Of course, but the odds of an ongoing bear market have come down significantly. . 30 Dow Jones Industrials stocks ©
  6. 6.  No 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.