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Outlook for Week of February 19, 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 on investments.

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Outlook for Week of February 19, 2018

  1. 1. Reversal Levels - Outlook for week of February 19, 2018  Number of S&P 500 stocks in bullish trends (blue line): 254 (51%) versus 254 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 187 (37%) versus 33 last week.  Situation is long term neutral and the number of stocks in bullish trends is flat near the 50% level. The red line stays below the blue line and well below 50%. This suggests the correction or bear market is not over. ©
  2. 2.  ELC: down = bearish. BMO: down = bearish.  This is a correction or early stage bear market.  When BMO turns back up we may have a tradeable bottom. © S&P 500 Weekly chart
  3. 3.  The S&P 500 and Brazil Bovespa stay in bullish trends.Other major world markets are bearish.  Bonds TLT are in bearish trend. Stay out or short.  Gold is in a bullish trend and needs follow through. $1350 offers strong resistance.  EURUSD stays fully bullish but MoM looks ready to reverse.  Oil is weak bullish and may go for a test of its weekly RevL.  Wheat is in a young bullish trend. Hold. © Major indices
  4. 4.  Speculative Buy signal for Dow Utilities. Can be picked up 5.6% cheaper than we sold it 8 weeks ago.  Partial profits signal for Argentina. A 90% gain in 64 weeks.  Partial profits signal for Indonesia. A 24% gain in 58 weeks.  Partial profits signal for Malaysia. A 5% gain in 9 weeks.  Partial profits signal for Thailand. A 15% gain in 38 weeks.  Many markets have rebounded a bit, but not enough to trigger Buy signals. Weekly MoM is down for nearly all markets, so all we can do is stay out and wait.  Of course, it’s OK to stick to the stronger markets that are still in bullish trends. World markets ©
  5. 5.  Weak Buy signal for AAPL, AXP and MMM. Possible fake-out moves.  Partial profits signal for CSCO. A 38% gain in 24 weeks.  Partial profits signal for JPM. A 31% gain in 36 weeks.  Partial profits signal for MSFT. A 71% gain in 83 weeks.  Partial profits signal for NKE. A 23% gain in 16 weeks.  Partial profits signal for V. A 48% gain in 58 weeks.  18 stocks bullish, up from 15 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Bullish participation improves a bit after the big hit it took last weeks. If we get back above 20 bullish stocks then we will know the correction or bear market is over.  There are ongoing partial profits signals you can use to raise some cash if you have negated the earlier pP signals. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signal for USDRUB. Failed rally.  Speculative Buy signal for USDCNY.  Note: Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very often. Keep trading in the direction of the weekly trend and you are likely to do well in the long run. Currencies ©
  7. 7.  On Twitter:  On Facebook: https://wwww.facebook/Reversallevels/  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 2700 stocks and ETF are available by monthly subscription. For just $1 a day you can become a more efficient investor: click here 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.