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Outlook for Week of January 21, 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 21, 2019

  1. 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. ©
  2. 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. © S&P 500 Weekly chart
  3. 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. © Major indices
  4. 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 ©
  5. 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 ©
  6. 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 ©
  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.