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Outlook for Week of June 17, 2019


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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 17, 2019

  1. 1. Reversal Levels - Outlook for week of June 17, 2019  Number of S&P 500 stocks in bullish trends (blue line): 277 (55%) versus 258 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 342 (68%) versus 304 last week.  Situation turns bullish and the number of stocks in bullish trends is going up. The red line stays well above the blue line. This indicates an ongoing rally. ©
  2. 2.  ELC: up | BMO: down | Blue snake: down | Repellor: up.  The longer term picture stays bullish. BMO is stabilizing near the neutral line, but not turning up yet. Until it bottoms out caution is warranted. © S&P 500 Weekly chart
  3. 3.  Nikkei stays bearish, other major markets are in bullish trends.  Bonds TLT stay fully bullish with upward MoM.  Gold is fully bullish with upward MoM. Old overhead resistance near $1360 is next big hurdle.  EURUSD is in a young bullish trend. Needs follow through.  Oil stays bearish.  Wheat is fully bullish and adding to gains. Hold. © Major indices
  4. 4.  Buy signal for Thailand SET.  Some improvement with more markets getting upward MoM again. World markets ©
  5. 5.  Weak Buy signal for JNJ. Possible fake-out move.  Bullish divergence for CVX.  Partial profits signal for TRV. A 17% gain in 17 weeks.  15 stocks bullish, up from 14 last week. Below 20 = neutral market. See article: Keeping an eye on the Dow stocks  Minor improvement with one new Buy signal.  It’s too early to tell whether the recent pullback is over. If the number of bullish stocks climbs back above 20 then a continuing bull market would become the base scenario again. . 30 Dow Jones Industrials stocks ©
  6. 6.  No major changes this week..  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals so 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. 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.