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Outlook for Week of July 16, 2018


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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 16, 2018

  1. 1. Reversal Levels - Outlook for week of July 16, 2018  Number of S&P 500 stocks in bullish trends (blue line): 300 (60%) versus 294 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 353 (71%) versus 261 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The red line is back above the blue line, indicating a continuing rally. ©
  2. 2.  ELC: flat and slightly upward. BMO: turning back up. Blue snake: up.  Most indicators positive. If the S&P 500 can push above the upper boundary of the snake @2821 then it will reconfirm the bullish picture. © S&P 500 Weekly chart
  3. 3.  Weak Buy signal for Nikkei. Possible fake-out move.  Bonds TLT are in a young bullish trend.  Gold is in a bearish trend with no signs of bottom. Wait.  EURUSD is weak bearish. May go for a test of its weekly RevL, currently at 1.2000.  Oil stays fully bullish.  Wheat is weak bullish and has given up the 500 level. May test its RevL @468.38. © Major indices
  4. 4.  Sell signal for Gold Stocks XAU.  Bullish divergence for Indonesia JCI and Spain IBEX.  Speculative Buy signal for Malaysia KLCI.  Partial profits signal for Canada TSX.  The picture for world markets remains very mixed, but a few more markets are changing to upward MoM. That’s a positive but we need more buy signals to conclude that world markets have left the recent corrections behind them. World markets ©
  5. 5.  Buy signal for UTX.  Bullish divergence for GE.  Partial profit signal for NKE. A 39% gain in 37 weeks.  20 stocks bullish, up from 19 last week. Below 20 = weak bull market. See article: Keeping an eye on the Dow stocks  A lot of stocks gather upward MoM again and that’s a significant improvement. . 30 Dow Jones Industrials stocks ©
  6. 6.  Bullish divergence for AUDUSD.  Partial profits signal for USDBRL. A 17% gain in 22 weeks.  Partial profits signal for USDINR. A 6% gain in 20 weeks.  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very 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. Currencies ©
  7. 7.  On Twitter:  On Facebook: https://wwww.facebook/Reversallevels/  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.