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Outlook for Week of February 4, 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.

Published in: Economy & Finance
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Outlook for Week of February 4, 2019

  1. 1. Reversal Levels - Outlook for week of February 4, 2019  Number of S&P 500 stocks in bullish trends (blue line): 244 (49%) versus 180 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 449 (90%) versus 428 last week.  Situation is neutral and the number of stocks in bullish trends keeps going up. The red line stays well above the blue line, indicating an ongoing rally from the recent lows. ©
  2. 2.  ELC: down | BMO: up | Blue snake: down | Repellor: up.  Market moves above the blue snake boundary, which is usually a bullish omen. If ELC turns back up then a continuation of the bull market becomes the base scenario. © S&P 500 Weekly chart
  3. 3.  Most major markets are in weak bearish trend and coming close to their reversal levels.  Brazil Bovespa stays fully bullish and is up nearly 20% since the Buy signal 17 weeks ago.  Bonds TLT are weak bullish.  Gold is in a bullish trend. Hold.  EURUSD is weak bearish. If MoM turns back down it would indicate a bearish continuation. A weekly close above 1.1554 would be a Buy signal  Oil stays weak bearish and is testing its RevL.  Wheat is in a bullish trend. Needs follow through to avoid a failed rally. © Major indices
  4. 4.  Buy signals for Canada TSX and Sweden OMX30.  Partial profits signal for Indonesia JCI. An 8% gain in 11 weeks.  Significant further improvements this week.  Almost all global markets have upward weekly MoM and several markets are close to giving Buy signals. World markets ©
  5. 5.  Buy signals for CVX and V.  16 stocks bullish, up from 14 last week. Above 15 = mildly bullish market. See article: Keeping an eye on the Dow stocks  Further improvement this week with more Buy signals.  If the recent advance is for real then we should see the number of bullish Dow stocks climb above 20. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signals for USDCAD, USDRUB and USDTRY.  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.