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Outlook for Week of July 2, 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 2, 2018

  1. 1. Reversal Levels - Outlook for week of July 2, 2018  Number of S&P 500 stocks in bullish trends (blue line): 281 (56%) versus 294 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 196 (40%) versus 283 last week.  Situation is bullish but the number of stocks in bullish trends keeps going down. The red line stays below the blue line, putting the recent rally on hold. ©
  2. 2.  ELC: tentatively turning up. BMO: down. Blue snake: up.  Mixed messages with ELC going up while BMO is down. This is a tricky situation and may indicate a double top in place. I would stay very cautious until BMO turns back up. © S&P 500 Weekly chart
  3. 3.  Sell signal for German DAX. Bearish divergence for S&P 500. Most major stock indexes act quite “heavy”.  Buy signal for Bonds TLT. Start of a new bullish trend.  Gold is in a bearish trend with no signs of bottom. Wait.  EURUSD changes status to weak bearish with MoM now pointing up. May test its weekly RevL, currently at 1.2032.  Oil sees MoM turn back up, which is a bullish continuation.  Wheat is weak bullish. May have peaked. © Major indices
  4. 4.  Buy signal for Mexico IPC and Dow Utilities.  Sell signal for Argentina MERVAL, France CAC40 and Dow Transports.  Speculative Buy signal for Turkey BIST100.  Bullish divergence for Russia RTS.  Bearish divergence for Taiwan TAIEX.  The picture for world markets remains very mixed, but most markets have downward MoM. It looks like the correction or bear market is set to continue in a number of countries. World markets ©
  5. 5.  Sell signal for MCD.  Partial profit signal for NKE. A 43% gain in 35 weeks.  Partial profit signal for V. A 61% gain in 77 weeks.  18 stocks bullish, down from 19 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Market sputters and we are down to 18 bullish stocks. If it falls back below 15 bullish stocks we would have a serious warning sign. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for EURGBP.  Partial profits signal for USDBRL. A 17.6% gain in 20 weeks.  Partial profits signal for USDINR. A 5.9% gain in 18 weeks.  Partial profits signal for USDTRY. A 28.7% gain in 39 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.