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Outlook for Week of January 6, 2020


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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 6, 2020

  1. 1. Reversal Levels - Outlook for week of January 6, 2020  Number of S&P 500 stocks in bullish trends (blue line): 389 (78%) versus 391 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 352 (70%) versus 395 last week.  Situation is bullish but the number of stocks in bullish trends has turned down again. The red line has fallen well below the blue line. This indicates a pause or pullback has started. ©
  2. 2.  ELC: up | BMO: turns down | Blue snake: up | Repellor: up.  BMO is tentatively turning down. This indicates a possible major peak in place. It doesn’t rule out further rally attempts yet. If ELC turns down as well it would become more clearly bearish. © S&P 500 Weekly chart
  3. 3.  All major markets stay in bullish trends. But MoM is starting to turn down for several indexes, so they may have peaked for a while.  Bonds TLT return to fully bullish with upward MoM.  Gold is fully bullish and trying to push higher. Is up 24% since our weekly Buy signal 56 weeks ago.  EURUSD is in a young bullish trend.  Oil is in a bullish trend and adding to recent gains. Hold. © Major indices
  4. 4.  Bullish divergence for Nigeria NGSE.  Partial profits signal for Russia RTS. A 16% gain in 17 weeks.  Partial profits signal for Switzerland SMI. A 19% gain in 50 weeks.  Partial profits signal for Taiwan TAIEX. A 20% gain in 46 weeks.  Partial profits signal for Turkey BIST100. A 15% gain in 27 weeks.  Nearly all world markets are in bullish trends.  We are currently profitable (=blue) on all markets we cover in this table. That’s the aim of being on the right side of the markets.  Our current best performer is the Gold stocks index XAU. A 43% gain since its Buy signal 30 weeks ago and the move is ongoing. Be patient with winners. World markets ©
  5. 5.  Buy signal for CVX.  Partial profits signal for AAPL. A 49% gain in 28 weeks.  Partial profits signal for MSFT. A 49% gain in 50 weeks.  Partial profits signal for UNH. An 18% gain in 11 weeks.  Partial profits signal for V. A 35% gain in 48 weeks.  23 stocks bullish, up from 22 last week. Above 20 = bullish. See article: Keeping an eye on the Dow stocks  In major market advances the number of bullish stocks typically goes above 25. That hasn’t happened yet.  Apple takes over as our best performer. A 49.8% gain since its Buy signal 28 weeks ago and the move is ongoing.  It’s very important to let winners run. 80% of our annual profits will typically come from just 20% of our trades. This is known as the pareto principle. . 30 Dow Jones Industrials stocks ©
  6. 6.  No major changes.  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.