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Outlook for Week of January 28, 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 28, 2019

  1. 1. Reversal Levels - Outlook for week of January 28, 2019  Number of S&P 500 stocks in bullish trends (blue line): 180 (36%) versus 155 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 428 (86%) versus 447 last week.  Situation is bearish, but the number of stocks in bullish trends keeps 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: up.  Bearish, but back above the Repellor line. BMO keeps going up, which means at least a temporary bottom is in place. If ELC turns back up as well then a continuation of the bull market becomes the base scenario. © 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 changes to weak bullish with downward MoM.  Gold is in a bullish trend and is finally getting above $1300 level. Hold.  EURUSD is weak bearish. 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 Hong Kong HSI, South Africa JOHA and South Korea KOSPI.  Significant further improvements this week with several Buy signals.  Almost all global markets have upward weekly MoM. World markets ©
  5. 5.  Buy signals for CSCO and IBM.  Sell signal for PFE.  14 stocks bullish, up from 13 last week. Below 15 = mildly bearish market. See article: Keeping an eye on the Dow stocks  Further improvement this week with more Buy signals.  So far so good but we need to see more than 20 bullish stocks to put the recent declines behind us. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for GBPUSD.  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.