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Outlook for Week of July 30, 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 30, 2018

  1. 1. Reversal Levels - Outlook for week of July 30, 2018  Number of S&P 500 stocks in bullish trends (blue line): 329 (66%) versus 308 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 334 (67%) versus 345 last week.  Situation is bullish and the number of stocks in bullish trends keeps going up. The red line stays above the blue line, indicating a continuing rally. ©
  2. 2.  ELC: up. BMO: turning back up. Blue snake: up.  Positive but bumping into overhead resistance. If the S&P 500 can push above the upper boundary of the snake @2841 then it will reconfirm the bullish picture. © S&P 500 Weekly chart
  3. 3.  Buy signal for German DAX. Most major stock indexes are in bullish trends.  Brazil Bovespa stays in bearish trend, but is testing its RevL.  Sell signal for Bonds TLT. Failed rally.  Gold stays fully bearish.  EURUSD is weak bearish. May go for a test of its weekly RevL, currently at 1.1967.  Oil is weak bullish and could test its RevL at 64.91.  Wheat is back to fully bullish with upward MoM. Hold. © Major indices
  4. 4.  Buy signal for France CAC40, Sweden OMX30, Taiwan TAIEX and Dow Transports.  Bullish divergence for Spain IBEX.  The picture for world markets is improving and most markets are back to upward MoM. Markets may be leaving the recent corrections behind them. World markets ©
  5. 5.  Buy signal for JNJ.  Sell signal for INTC.  Partial profit signal for V. A 71% gain in 81 weeks.  21 stocks bullish, unchanged from 21 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  So far so good. Looks like a continuing bull market until proven otherwise. . 30 Dow Jones Industrials stocks ©
  6. 6.  Partial profits signal for USDINR. A 6% gain in 22 weeks.  Partial profits signal for USDTRY. A 36% gain in 43 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.