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Outlook for Week of June 11, 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 June 11, 2018

  1. 1. Reversal Levels - Outlook for week of June 11, 2018  Number of S&P 500 stocks in bullish trends (blue line): 288 (58%) versus 270 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 366 (73%) versus 267 last week.  Situation is bullish and the number of stocks in bullish trends is approaching the 60% level. The red line is well above the blue line, indicating an ongoing rally. ©
  2. 2.  ELC: down but flattening out. BMO: up. Blue snake: up.  The recent correction appears to be over. As long as BMO goes up we are at least in a significant rebound rally. If ELC turns up it would confirm a bull market continuation. © S&P 500 Weekly chart
  3. 3.  Most major stock indexes stay in young bullish trends, but follow through is needed.  Brazil Bovespa stays in bearish trend.  Bonds TLT are weak bearish, stagnating just below weekly RevL.  Gold is in a bearish trend and an attempt to get back above 1300 seems to have failed.  EURUSD is in a bearish trend. Stay short or out.  Oil is weak bullish = may have peaked.  Wheat changes status to weak bullish. May have peaked. © Major indices
  4. 4.  Buy signal for Argentina MERVAL, bouncing right back after last week’s Sell.  Speculative Buy signal for Turkey BIST100  Bearish divergence for Netherlands AEX and Gold Stocks XAU.  The picture for world markets remains very mixed. It looks like the correction or bear market is set to continue in a number of countries. World markets ©
  5. 5.  Buy signal for DWDP and PFE.  Bullish divergence for JNJ.  Bullish continuation for JPM. Can add to positions.  Partial profit signal for MSFT. A 89% gain in 99 weeks.  Partial profit signal for UNH. A 71% gain in 85 weeks.  19 stocks bullish, up from 17 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Major improvement again. Most Dow stocks are now showing upward MoM.  When the number of bullish stocks climbs back above 20 we will have a strong indication that the correction or bear market is over. . 30 Dow Jones Industrials stocks ©
  6. 6.  Bullish divergence for EURGBP.  Partial profits signal for USDBRL. A 12% gain in 17 weeks.  Partial profits signal for USDINR. A 4.4% gain in 15 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 2700 stocks and ETF are available by monthly subscription. For just $1 a day you can become a more efficient investor: click here 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.