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Reversal Levels - Outlook for week of July 27, 2020

Number of S&P 500 stocks in bullish trends (blue line): 304 (61%) versus 292 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 383 (77%) versus 380 last week.

Situation is bullish and the number of stocks in bullish trends is going up. The red line stays above the
blue line. This suggests an ongoing rally phase.
© Reversallevels.com

ELC: up | BMO: down | Blue snake: up | Repellor: up.

BMO keeps coming down from extreme peak levels. This is consistent with an ongoing pullback or
pause. For how long we don’t know. In minor corrections BMO typically bottoms out near the zero
line (see 2016-2017 for historic examples).
© Reversallevels.com
S&P 500 Weekly chart

Bearish divergence for FTSE 100. Changes to weak bullish with
downward MoM.

Most major markets stay fully bullish, but the move appears to be
stalling, which is turning MoM down for some markets. That’s
something to keep an eye on.

Bonds TLT are fully bullish with upward MoM..

Gold stays fully bullish and is approaching its all time highs.

EURUSD is in a fresh bullish trend.

Oil is fully bullish and stays above the $40 level.
© Reversallevels.com
Major indices

Bullish divergence for Israel TA100.

Partial profits signal for Malaysia KLCI. An
8% gain in 8 weeks.

Partial profits signal for Taiwan TAIEX. A
6.6% gain in 7 weeks.

Partial profits signal for Turkey BIST100. An
8% gain in 7 weeks.

Partial profits signals before the 10th
week of
a bullish trend are usually just a pause. But
sometimes it indicates a failing rally.

The majority of markets is in bullish trends
with upward MoM. But the move appears to
be stalling.

Gold stocks XAU is our current best
performer. It is up 44.2% since its Buy signal
14 weeks ago.
World markets
© Reversallevels.com

Buy signal for MCD and PFE.

Sell signal for INTC.

Bullish divergence for RTX and VZ.

Bearish divergence for GS.

Partial profits signal for AAPL. A 33% gain in 14
weeks.

18 stocks bullish, up from 17 last week. Below
20 = sputtering bull market. See:
Keeping an eye on the Dow stocks

The rebound is in question and we could see
the bear market pick up speed again if the
number of bullish stocks falls below 15.

AAPL is our current best performer. A 33.28%
gain since its Buy signal 14 weeks ago and the
move is ongoing.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

Buy signal for GBPUSD.

Partial profits signal for AUDUSD. A 6.8% gain in 8 weeks.

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 bullish
trends and sell the rallies during bearish trends.
Forex & Crypto
© Reversallevels.com

On Twitter: http://twitter.com/lunatictrader1

On Stocktwits: http://stocktwits.com/LunaticTrader

Website: Reversallevels.com
For daily comments and questions you can find us here:
© Reversallevels.com
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.
Reversallevels.com 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.

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Outlook for Week of July 27, 2020

  • 1. Reversal Levels - Outlook for week of July 27, 2020  Number of S&P 500 stocks in bullish trends (blue line): 304 (61%) versus 292 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 383 (77%) versus 380 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The red line stays above the blue line. This suggests an ongoing rally phase. © Reversallevels.com
  • 2.  ELC: up | BMO: down | Blue snake: up | Repellor: up.  BMO keeps coming down from extreme peak levels. This is consistent with an ongoing pullback or pause. For how long we don’t know. In minor corrections BMO typically bottoms out near the zero line (see 2016-2017 for historic examples). © Reversallevels.com S&P 500 Weekly chart
  • 3.  Bearish divergence for FTSE 100. Changes to weak bullish with downward MoM.  Most major markets stay fully bullish, but the move appears to be stalling, which is turning MoM down for some markets. That’s something to keep an eye on.  Bonds TLT are fully bullish with upward MoM..  Gold stays fully bullish and is approaching its all time highs.  EURUSD is in a fresh bullish trend.  Oil is fully bullish and stays above the $40 level. © Reversallevels.com Major indices
  • 4.  Bullish divergence for Israel TA100.  Partial profits signal for Malaysia KLCI. An 8% gain in 8 weeks.  Partial profits signal for Taiwan TAIEX. A 6.6% gain in 7 weeks.  Partial profits signal for Turkey BIST100. An 8% gain in 7 weeks.  Partial profits signals before the 10th week of a bullish trend are usually just a pause. But sometimes it indicates a failing rally.  The majority of markets is in bullish trends with upward MoM. But the move appears to be stalling.  Gold stocks XAU is our current best performer. It is up 44.2% since its Buy signal 14 weeks ago. World markets © Reversallevels.com
  • 5.  Buy signal for MCD and PFE.  Sell signal for INTC.  Bullish divergence for RTX and VZ.  Bearish divergence for GS.  Partial profits signal for AAPL. A 33% gain in 14 weeks.  18 stocks bullish, up from 17 last week. Below 20 = sputtering bull market. See: Keeping an eye on the Dow stocks  The rebound is in question and we could see the bear market pick up speed again if the number of bullish stocks falls below 15.  AAPL is our current best performer. A 33.28% gain since its Buy signal 14 weeks ago and the move is ongoing. . 30 Dow Jones Industrials stocks © Reversallevels.com
  • 6.  Buy signal for GBPUSD.  Partial profits signal for AUDUSD. A 6.8% gain in 8 weeks.  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 bullish trends and sell the rallies during bearish trends. Forex & Crypto © Reversallevels.com
  • 7.  On Twitter: http://twitter.com/lunatictrader1  On Stocktwits: http://stocktwits.com/LunaticTrader  Website: Reversallevels.com For daily comments and questions you can find us here: © Reversallevels.com 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. Reversallevels.com 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.