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Outlook for Week of March 22, 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 22, 2020

  1. 1. Reversal Levels - Outlook for week of March 23, 2020  Number of S&P 500 stocks in bullish trends (blue line): 11 (2%) versus 46 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 9 (2%) versus 6 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 2960. BMO is at a very low level, waiting for a bottom in this indicator. © S&P 500 Weekly chart
  3. 3.  All major stock indexes stay in bearish trends with downward MoM.  Bonds TLT change to weak bullish with downward MoM.  Gold is giving a Sell signal. This marks the end of a 66 week bullish trend.  EURUSD is giving a Sell signal. Failed rally.  Oil stays in a bearish trend and is now down a massive 58% since the Sell signal 8 weeks ago. © Major indices
  4. 4.  All markets we cover are in bearish trends with downward MoM. 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.  Dow Transport takes over as our best performer. It is down 35.5% since its Sell signal 7 weeks ago. World markets ©
  5. 5.  Sell signals for AAPL and MSFT.  Speculative Buy signal for WBA  0 stocks bullish, down from 2 last week. Below 15 = bear market. See: Keeping an eye on the Dow stocks  Exxon Mobil XOM is our best performer. A 56.7% decline since its Sell signal 45 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.  Buy signals for USDCHF, USDCNY and USDJPY.  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.