1.
Reversal Levels - Outlook for week of January 21, 2019

Number of S&P 500 stocks in bullish trends (blue line): 155 (31%) versus 88 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 447 (89%) versus 363 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.
© Reversallevels.com

2.

ELC: down | BMO: up | Blue snake: down | Repellor: turning up.

Bearish, but back above the Repellor line. BMO keeps going up, which means at least a temporary
bottom is in place.
© Reversallevels.com
S&P 500 Weekly chart

3.

Most major markets are in weak bearish trend with upward MoM.

Brazil Bovespa is fully bullish.

Bonds TLT are in a bullish trend. But seems to stall near 120.

Gold is also in a bullish trend. Needs a breakout above $1300 level.

EURUSD is weak bearish. It has tested the weekly RevL but was
rejected. If MoM turns back down it would indicate a bearish
continuation.

Oil stays weak bearish and is approaching its RevL.

Wheat is in a bullish trend. Needs follow through to avoid a failed rally.
© Reversallevels.com
Major indices

4.

Buy signals for India Sensex, Switzerland
SMI and Turkey BIST100.

Significant further improvements this week
with several Buy signals and more 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
© Reversallevels.com

5.

Buy signals for CAT, INTC, MSFT, NKE, UNH
and WMT.

Speculative Buy signal for AAPL.

13 stocks bullish, up from 7 last week. Below 15
= mildly bearish market. See article:
Keeping an eye on the Dow stocks

Further improvement this week with more Buy
signals.

It’s a great step forward but we need to see
more than 20 bullish stocks to put the recent
declines behind us.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

6.

Sell signal for EURGBP.

Buy signal for USDINR..

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
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7.

On Twitter: http://twitter.com/lunatictrader1

On Stocktwits: http://stocktwits.com/LunaticTrader

Website: Reversallevels.com
For daily comments and questions you can find us here:
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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.
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