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Outlook for Week of March 18, 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 March 18, 2019

  1. 1. Reversal Levels - Outlook for week of March 18, 2019  Number of S&P 500 stocks in bullish trends (blue line): 344 (69%) versus 341 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 359 (72%) versus 291 last week.  Situation is bullish and the number of stocks in bullish trends has turned back up. The red line is back above the blue line, indicating a a continuing rally. ©
  2. 2.  ELC: up | BMO: down | Blue snake: up | Repellor: up.  BMO keeps going down. Looks like a sideways pause. The Repellor line at 2664 is an important level to watch. If the market drops below that level the scenario for a continuing bear market would gain traction. © S&P 500 Weekly chart
  3. 3.  All major stock indexes are in bullish trends. Follow through will be needed to avoid a failed rally.  Bonds TLT stays weak bullish.  Gold is weak bullish and has regained the 1300 level. But MoM still points down.  EURUSD is fully bearish with downward MoM.  Oil is in a bullish trend.  Wheat is fully bearish with no signs of a bottom. © Major indices
  4. 4.  Partial profits signal for Canada TSX.  Bearish divergence for Thailand SET.  MoM is turning down for a couple of markets. Just a pause, or the start of a bigger decline? It’s too early to tell. World markets ©
  5. 5.  Buy signal for AAPL.  23 stocks bullish, up from 22 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  We see hesitation in some stocks. That’s not abnormal given the recent runup. . 30 Dow Jones Industrials stocks ©
  6. 6.  No 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.