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Outlook for Week of June 15, 2020


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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 15, 2020

  1. 1. Reversal Levels - Outlook for week of June 15, 2020  Number of S&P 500 stocks in bullish trends (blue line): 325 (65%) versus 339 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 209 (42%) versus 472 last week.  Situation is bullish but the number of stocks in bullish trends has turned down. The red line has fallen below the blue line for the first time since March. This indicates a pullback or pause has started. ©
  2. 2.  ELC: up | BMO: down | Blue snake: up | Repellor: up.  As expected BMO has turned down from extreme peak levels. This indicates a pullback or pause. © S&P 500 Weekly chart
  3. 3.  All major stocks indexes are in bullish trends with upward MoM.  Bonds TLT are weak bullish and appear on their way to test the RevL at 152.73.  Gold is weak bullish, but has regained the $1700 level.  EURUSD is in a fresh bullish trend.  Oil is fully bullish. © Major indices
  4. 4.  Sell signals for France CAC40 and Spain IBEX. Falling right back after last week’s Buy signals  The majority of markets is in bullish trends with upward MoM. But the move appears to be stalling.  Argentina MERVAL is our current best performer. It is up 19.9% since its Buy signal 5 weeks ago. World markets ©
  5. 5.  Sell signal for PFE.  Partial profits signal for MSFT. A 14% gain in 9 weeks.  21 stocks bullish, down from 22 last week. Above 20 = bull market. See: Keeping an eye on the Dow stocks  WBA is our current best performer. A 23.6% decline since its Sell signal 22 weeks ago and the move is ongoing. . 30 Dow Jones Industrials stocks ©
  6. 6.  No major changes this week.  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 ©
  7. 7.  On Twitter:  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.