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Outlook for Week of January 16, 2023

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Outlook for Week of January 16, 2023

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Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold, crypto currencies and forex. This method was designed to keep you on the right side of the market most of the time, letting the winners run while keeping losses small.

Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold, crypto currencies and forex. This method was designed to keep you on the right side of the market most of the time, letting the winners run while keeping losses small.

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Outlook for Week of January 16, 2023

  1. 1. Reversal Levels - Outlook for week of January 16, 2023  Number of S&P 500 stocks in bullish trends (blue line): 331 (66%) versus 301 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 415 (83%) versus 321 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The daily bullish% (red line) stays above the weekly bullish%. Ongoing rally. © Reversallevels.com
  2. 2.  ELC: up | BMO: down | Blue snake: up | Repellor: down.  BMO appears to bottom out near the zero line. If it turns up a continuing rally would become the base scenario. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  SwX chanes to green - bullish. Weekly MoM is flattening out just above zero.  Two major trendlines keep converging. We still have to see which one prevails. The upside is being tried now.. © Reversallevels.com S&P 500 - Weekly
  4. 4.  SwX is green - bullish. Weekly MoM keeps going up with bullish divergence.  Rally is continuing as expected and the $2000 level is coming into view. © Reversallevels.com Gold - Weekly
  5. 5.  SwX is yellow - neutral. Weekly MoM is going up with bullish divergence.  A significant rally has started, as expected. © Reversallevels.com Bitcoin - Weekly
  6. 6.  Buy signal for Taiwan TAIEX and Russell 2000.  Weak Buy signal for Dow Transports.  Partial profits signal for Hong Hong HSI.  Turkey BIST100 is our current best performer. It is up 238% since its Buy signal 64 weeks ago. World markets © Reversallevels.com
  7. 7.  Sell signal for USDBRL.  Speculative Buy signal for USDJPY.  Note 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 bullish trends and sell the rallies during bearish trends. Forex & Crypto © Reversallevels.com
  8. 8.  On Twitter: https://twitter.com/lunatictrader1  On Stocktwits: https://stocktwits.com/LunaticTrader  Blog 1: Reversallevels.com  Blog 2: LunaticTrader.com For daily comments 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. Subscription service Daily reversal levels for over 3000 stocks and ETF are available by monthly subscription. Discover how 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 rich quick formula. Give it a try.

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