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Outlook for Week of January 7, 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 7, 2019

  1. 1. Reversal Levels - Outlook for week of January 7, 2019  Number of S&P 500 stocks in bullish trends (blue line): 62 (12%) versus 61 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 101 (20%) versus 17 last week.  Situation is bearish, but the number of stocks in bullish trends is turning up. The red line is back above the blue line, indicating a significant rally has started. ©
  2. 2.  ELC: down. BMO: turning up. Blue snake: down. Repellor: down  Bearish and staying below the Repellor line. BMO is turning up, which is an indication that a bottom may be in. © S&P 500 Weekly chart
  3. 3.  Bullish divergence for FTSE 100. Speculative Buy signal for Australia AOI.  Most major markets are in ongoing bearish trends. Bovespa stays weak bullish.  Bonds TLT are in a bullish trend.  Gold is also in a bullish trend.  EURUSD is weak bearish. A test of weekly RevL is possible as long as MoM stays up..  Oil is giving a speculative Buy signal. MoM has turned up in the depressed -8 zone so a significant rebound has probably started.  Wheat is in a bullish trend. Needs follow through to avoid a failed rally. © Major indices
  4. 4.  Buy signal for Argentina MERVAL.  Buy signal for XAU Gold stocks.  Some improvement after the recent selloffs. We should get more Buy signals if the global bear market is over. World markets ©
  5. 5.  Bullish divergence for DWDP.  Speculative Buy signals for GS and IBM.  6 stocks bullish, unchanged from 6 last week. Below 10 = bearish market. See article: Keeping an eye on the Dow stocks  Some improvement with a few speculative buy signals starting to appear. We need to see more than 20 bullish stocks to put the recent declines behind us. It’s a time to be patient and wait for Buy signals. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signals for USDBRL, USDINR and USDMXN.  Bullish divergence for ETHUSD and 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.