1.
Reversal Levels - Outlook for week of February 20, 2017
State of the market
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Number of S&P 500 stocks in bullish trends (blue line): 394 (79%) versus 374 last week.
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Number of S&P 500 stocks in daily bullish mode (red line): 389 (78%) versus 342 last week.
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Situation is bullish and the number of stocks in bullish trends keeps going up.
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2.
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Partial profits signal for S&P 500.
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All major stock indexes remain in bullish trends.

Bonds stay weak bearish and TLT is holding around the 120 level.

Gold is weak bearish and coming very close to its weekly RevL.
Waiting to see if we get a weekly Buy signal.

EURUSD is weak bearish and chopping around 1.06.

Oil is weak bullish and trying to get away from the $52 level. But MoM
keeps pointing down, so indecision continues.

Wheat is in bullish trend. Hold on.
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Major indices

3.

Buy signal for Israel.

Partial profits signal for Dow Industrials. A 9%
gain in 14 weeks.

We now have all covered markets in bullish
trends. A rare view.

We never know how long trends will continue.
The idea is to go along with what comes along.
Holding on until we get Sell signals.
World markets
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4.

Buy signal for JNJ and PFE.

Partial profits signal for AXP. An 18% gain in 17
weeks.

Partial profits signal for BA. A 28% gain in 19
weeks.

Partial profits signal for DIS. A 13% gain in 14
weeks.

Partial profits signal for IBM. A 12% gain in 14
weeks.

25 stocks bullish, up from 23 last week. Above
20 = fully bullish market. See article:
Keeping an eye on the Dow stocks

Further improvements this week and only 5
Dow stocks remain in bearish trends.

Going with the flow is the proper strategy here.
We will see when those trends come to an end.
The idea is to get off a bus when it stops, not
when it still going at full speed.
.
30 Dow Jones Industrials stocks
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5.

Partial profits signals for Bitcoin BTCUSD. A 307% gain in 70 weeks.

Bearish divergence for EURGBP. Could be a failing rally.

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
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6.

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
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
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
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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.
Reversallevels.com 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.
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