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Outlook for Week of March 16, 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 March 16, 2020

  1. 1. Reversal Levels - Outlook for week of March 16, 2020  Number of S&P 500 stocks in bullish trends (blue line): 46 (9%) versus 94 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 6 (1%) versus 76 last week.  Situation is bearish and the number of stocks in bullish trends is dropping to very low levels. The red line stays below the blue line. This indicates an ongoing decline. ©
  2. 2.  ELC: down | BMO: down | Blue snake: down | Repellor: down.  As expected the market has made the significant move away from the Repellor line and the move was down. Rebound attempts may now stall near the Repellor at 2971. BMO is at a very low level, waiting for a bottom in this indicator. © S&P 500 Weekly chart
  3. 3.  Sell signal for China SSEC. Last week’s weak Buy was indeed a fake- out move.  All other major stock indexes stay in bearish trends.  Bonds TLT stay fully bullish, but MoM is well in the +8 euphoric zone.  Gold is weak bullish and coming close to its RevL. The $1500 level is now a very important hold if it is to keep its 66 week bullish trend alive.  EURUSD is in a young bullish trend. Needs follow through to avoid a failed rally.  Oil stays in a bearish trend and is testing the $30 level. A massive 41% drop since the Sell signal 7 weeks ago. © Major indices
  4. 4.  Sell signal for XAU Gold stocks index. This confirms last week’s weak Buy signal was a fake-out move, as we suggested.  All stock indexes are in bearish trends. All we can do is wait for Buy signals. That could take quite a while after a drop of this magnitude.  Because markets are so far below their reversal levels the door is open for spectacular rebound rallies. It’s too early to tell if such rallies mark real bottoms. Once we see MoM turning back up we can become a bit more confident that rallies may have legs. So, stay patient.  Thailand SET is our best performer. It is down 31.2% since the Sell signal we gave 31 weeks ago. World markets ©
  5. 5.  Speculative Buy signal for WBA  AAPL and MSFT are the only Dow stocks in bullish trends.  2 stocks bullish, unchanged from 2 last week. Below 15 = bear market. See: Keeping an eye on the Dow stocks  Exxon Mobil XOM is our new best performer. A 49.6% decline since its Sell signal 44 weeks ago and the move is ongoing. Avoiding big losses is as important as staying in winning trades. . 30 Dow Jones Industrials stocks ©
  6. 6.  Sell signals for Bitcoin, Ethereum and GBPUSD.  Buy signal for EURGBP.  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.