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Outlook for Week of February 5, 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 5, 2018

  1. 1. Reversal Levels - Outlook for week of February 5, 2018  Number of S&P 500 stocks in bullish trends (blue line): 378 (76%) versus 414 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 223 (44%) versus 408 last week.  Situation stays bullish but the number of stocks in bullish trends is dropping sharply. The red line stays below the blue line and has fallen below 50%, confirming a correction or bear market has started. ©
  2. 2.  Ongoing partial profits signal for Nikkei. A 15.6% gain in 20 weeks.  Sell signals for FTSE 100 and DAX. Start of new bearish trends.  Bonds TLT are in a young bearish trend. Stay out or short.  Gold is in a bullish trend and needs follow through. Hold.  EURUSD stays fully bullish and is adding to gains. Now up a nice 14% since our Buy signal 40 weeks ago. Hold.  Oil stays fully bullish as well. But weekly MoM is in the +8 euphoric zone. Cautious hold.  Wheat is in a young bullish trend. Hold. © Major indices
  3. 3.  Sell signal for Canada TSX, Sweden OMX30 and Switzerland SMI.  Partial profits signal for Israel TA100. An 8.6% gain in 20 weeks.  Several sellers this week and weekly MoM is turning down for a number of markets. This is a significant deterioration, but not a reason for instant panic.  As we warned in recent weeks, a downturn could come unexpectedly quick. This could be the start of corrections in more markets. Just be ready and stay out of the weaker markets that have given Sell signals already. World markets ©
  4. 4.  Sell signal for AAPL and JNJ.  Partial profits signal for JPM. A 31% gain in 34 weeks.  Partial profits signal for MSFT. A 71% gain in 81 weeks.  Partial profits signal for NKE. A 21% gain in 14 weeks.  Partial profits signal for UNH. A 59% gain in 67 weeks.  Partial profits signal for UTX. A 13% gain in 16 weeks.  Partial profits signal for V. A 47% gain in 56 weeks.  Partial profits signal for WMT. A 44% gain in 49 weeks.  26 stocks bullish, down from 28 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Bullish participation is high but weakening, and we keep having a lot of partial profits signals. If the number of bullish stocks drops below 15 it would tell us a bear market has started.  You can still take some money off the table in stocks that are giving partial profits signals. 30 Dow Jones Industrials stocks ©
  5. 5.  No major changes this week.  Bitcoin is testing its weekly RevL and could go into bearish trend for the first time in 120 weeks.  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 ©
  6. 6.  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.