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Outlook for Week of July 15, 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 July 15, 2019

  1. 1. Reversal Levels - Outlook for week of July 15, 2019  Number of S&P 500 stocks in bullish trends (blue line): 356 (71%) versus 351 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 403 (81%) versus 421 last week.  Situation turns bullish and the number of stocks in bullish trends is going up. The red line stays above the blue line. This indicates an ongoing rally. ©
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  The longer term picture stays bullish. All indicators point up and the S&P 500 has pushed above the 3000 barrier. © S&P 500 Weekly chart
  3. 3.  All major markets stay in bullish trends with upward MoM.  Ongoing partial profits signal for Australia AOI. An 11% gain in 22 weeks.  Bonds TLT change to weak bullish, may have peaked.  Gold stays fully bullish with upward MoM.  EURUSD is in a young bullish trend. Needs follow through to avoid a failed rally.  Buy signal for Oil. Start of a new bullish trend.  Wheat is fully bullish. Hold. © Major indices
  4. 4.  Buy signal for Dow Transports.  Bearish divergence for South Africa JOHA.  Nearly all markets are in bullish trends with upward MoM.  We don’t know how far the moves will carry. The normal strategy is to hold until Sell signals appear and take some money off the table on good Partial Profits signals. World markets ©
  5. 5.  Buy signal for UTX.  Sell signal for JNJ.  Partial profits signal for AXP. A 22% gain in 22 weeks.  Partial profits signal for DIS. A 26% gain in 14 weeks.  Partial profits signal for MCD. A 29% gain in 44 weeks.  Partial profits signal for TRV. A 19% gain in 21 weeks.  22 stocks bullish, unchanged from 22 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  In a significant market advance we normally see the number of Dow stocks in bullish trends get above 25. Not there yet. . 30 Dow Jones Industrials stocks ©
  6. 6.  No major changes this week.  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.