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Outlook for Week of June 3, 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 3, 2019

  1. 1. Reversal Levels - Outlook for week of June 3, 2019  Number of S&P 500 stocks in bullish trends (blue line): 234 (47%) versus 285 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 112 (22%) versus 200 last week.  Situation turns bearish and the number of stocks in bullish trends keeps declining. The red line stays well below the blue line. This indicates an ongoing pullback. ©
  2. 2.  ELC: up | BMO: down | Blue snake: turns down | Repellor: up.  The longer term picture stays bullish. But a test of the Repellor at 2718 is likely now. BMO is quickly dropping to neutral line. Until it bottoms out caution is warranted. © S&P 500 Weekly chart
  3. 3.  Sell signals for S&P 500 and Nikkei.  Buy signal for Brazil Bovespa.  Bonds TLT stay fully bullish with upward MoM.  Gold reverts to fully bullish with upward MoM  EURUSD is weak bearish. A weekly close above 1.1325 would mark the end of 56 weeks of bearish trend  Oil is giving a Sell signal. Start of a bearish trend.  Wheat is in a young bullish trend. © Major indices
  4. 4.  Sell signals for Italy MIB, Sweden OMX30 and Dow Industrials.  A majority of the markets we cover has gone into bearish trends.  As we have been warning for weeks, it could easily get worse before it gets better. All we can do is wait for Buy signals. World markets ©
  5. 5.  Sell signals for JNJ, NKE, UTX and VZ.  13 stocks bullish, down from 17 last week. Below 20 = bearish market. See article: Keeping an eye on the Dow stocks  The number of bullish Dow stocks falls below 15. This means a possible bear market scenario is gaining serious traction. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for USDMXN.  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.