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Reversal Levels - Outlook for week of February 6, 2017
State of the market

Number of S&P 500 stocks in bullish trends (blue line): 360 (72%) versus 350 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 302 (60%) versus 322 last week.

Situation is bullish, but number of stocks in bullish trends remains on the low side. 400 or more is
typically seen in a strong bull market.

Red line is below blue line, the market is consolidating or starting a pullback. © Reversallevels.com

Most major stocks indexes are now in weak bullish trends with
downward MoM. We could easily get a test of their weekly RevL in the
coming weeks

Brazil Bovespa remains fully bullish with upward MoM.

Bonds stay weak bearish.

Gold and EURUSD keep rebounding towards their weekly RevL. Weak
bearish trend.

Oil is weak bullish. Keeps struggling to get away from the $52 level.

Wheat is in a fresh bullish trend. Needs follow through.
© Reversallevels.com
Major indices

Ongoing partial profits signal for Russia. A 45%
gain in 48 weeks.

All but a few world markets are in bullish trends.
But weekly MoM is turning down for several
markets, so a consolidation period appears to
be starting.
World markets
© Reversallevels.com

All positions profitable at the moment. That’s
always nice to see.

Partial profits signal for AAPL. A 24% gain in 27
weeks.

Partial profits signal for DIS. A 13% gain in 12
weeks.

Partial profits signal for IBM. A 9% gain in 12
weeks.

22 stocks bullish, unchanged from 22 last week.
Above 20 = fully bullish market. See article:
Keeping an eye on the Dow stocks

Four stocks see MoM turn down and only 10
Dow stocks keep upward weekly MoM. This
suggests a pause or pullback is starting.

Raising some cash on Partial profits
opportunities is the proper approach in this kind
of conditions.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

Sell signal for USDCHF and USDINR.

Partial profits signals for USDTRY.

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
© Reversallevels.com

On Facebook: https://www.facebook.com/Reversallevels/

On Twitter: http://twitter.com/lunatictrader1

On Stocktwits: http://stocktwits.com/LunaticTrader

Website: Reversallevels.com
For daily reversal levels, regular market commentary and
questions you can find us here:
© Reversallevels.com
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.
Daily reversal levels for over 2700 stocks and ETF are available by
monthly subscription: click here
Comes with full instructions and strategies for using the reversal levels and the MoM
indicator in your own trading. Give it a try.

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Outlook for Week of February 6, 2017

  • 1. Reversal Levels - Outlook for week of February 6, 2017 State of the market  Number of S&P 500 stocks in bullish trends (blue line): 360 (72%) versus 350 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 302 (60%) versus 322 last week.  Situation is bullish, but number of stocks in bullish trends remains on the low side. 400 or more is typically seen in a strong bull market.  Red line is below blue line, the market is consolidating or starting a pullback. © Reversallevels.com
  • 2.  Most major stocks indexes are now in weak bullish trends with downward MoM. We could easily get a test of their weekly RevL in the coming weeks  Brazil Bovespa remains fully bullish with upward MoM.  Bonds stay weak bearish.  Gold and EURUSD keep rebounding towards their weekly RevL. Weak bearish trend.  Oil is weak bullish. Keeps struggling to get away from the $52 level.  Wheat is in a fresh bullish trend. Needs follow through. © Reversallevels.com Major indices
  • 3.  Ongoing partial profits signal for Russia. A 45% gain in 48 weeks.  All but a few world markets are in bullish trends. But weekly MoM is turning down for several markets, so a consolidation period appears to be starting. World markets © Reversallevels.com
  • 4.  All positions profitable at the moment. That’s always nice to see.  Partial profits signal for AAPL. A 24% gain in 27 weeks.  Partial profits signal for DIS. A 13% gain in 12 weeks.  Partial profits signal for IBM. A 9% gain in 12 weeks.  22 stocks bullish, unchanged from 22 last week. Above 20 = fully bullish market. See article: Keeping an eye on the Dow stocks  Four stocks see MoM turn down and only 10 Dow stocks keep upward weekly MoM. This suggests a pause or pullback is starting.  Raising some cash on Partial profits opportunities is the proper approach in this kind of conditions. . 30 Dow Jones Industrials stocks © Reversallevels.com
  • 5.  Sell signal for USDCHF and USDINR.  Partial profits signals for USDTRY.  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 © Reversallevels.com
  • 6.  On Facebook: https://www.facebook.com/Reversallevels/  On Twitter: http://twitter.com/lunatictrader1  On Stocktwits: http://stocktwits.com/LunaticTrader  Website: Reversallevels.com For daily reversal levels, regular market commentary and questions you can find us here: © Reversallevels.com 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. Daily reversal levels for over 2700 stocks and ETF are available by monthly subscription: click here Comes with full instructions and strategies for using the reversal levels and the MoM indicator in your own trading. Give it a try.