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Outlook for Week of January 14, 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.

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Outlook for Week of January 14, 2019

  1. 1. Reversal Levels - Outlook for week of January 14, 2019  Number of S&P 500 stocks in bullish trends (blue line): 88 (18%) versus 62 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 363 (73%) versus 101 last week.  Situation is bearish, but the number of stocks in bullish trends is 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: down  Bearish and rebounding towards the Repellor line. ELC is below zero for the first time since 2016, if it turns back up the bullish prospects would improve. BMO keeps going up, which means at least a temporary bottom is in place. © S&P 500 Weekly chart
  3. 3.  Most major markets are in ongoing bearish trends, but several indexes see MoM turn up, changing their status to weak bearish.  Bovespa is fully bullish.  Bonds TLT are in a bullish trend.  Gold is also in a bullish trend. Has started to test the $1300 level.  EURUSD is weak bearish. It has tested the weekly RevL but was rejected. On a weekly close >1.1586 the bearish trend would end.  Oil stays weak bearish and rebounding towards its RevL.  Wheat is in a bullish trend. Needs follow through to avoid a failed rally. © Major indices
  4. 4.  Buy signals for Chile IPSA, Russia RTS and Singapore STI.  Speculative Buy signals for Canada TSX and US Russell 2000.  Bullish divergence for China SSEC, Hong Kong HSI and Spain IBEX.  Significant further improvements this week with several Buy signals and a lot of markets getting upward MoM.  It doesn’t guarantee that the global bear market is over, but as always it is best to go with the flow. World markets ©
  5. 5.  Buy signal for BA.  Bullish divergence for INTC.  Speculative Buy signals for AAPL and GS.  7 stocks bullish, up from 6 last week. Below 10 = bearish market. See article: Keeping an eye on the Dow stocks  Further improvement this week and the first buy signal in quite some time.  It’s a step forward but we need to see more than 20 bullish stocks to put the recent declines behind us. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signal for USDCNY.  Bullish divergence for AUDUSD.  Bearish divergence for EURGBP.  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.