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Outlook for Week of March2, 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 March2, 2020

  1. 1. Reversal Levels - Outlook for week of March 2, 2020  Number of S&P 500 stocks in bullish trends (blue line): 79 (16%) versus 342 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 6 (1%) versus 282 last week.  Situation has turned bearish and the number of stocks in bullish trends is dropping. The red line stays well below the blue line. This indicates an ongoing correction. ©
  2. 2.  ELC: down | BMO: down | Blue snake: down | Repellor: down.  Blue Snake turns down and the market is below the Repellor for the first time in more than a year. This is a very fast market now and we have to wait for signs of a bottom. © S&P 500 Weekly chart
  3. 3.  Sell signals for all major stock indices, other than FTSE 100 which was in a bearish trend already.  Bonds TLT stay fully bullish with upward MoM.  Gold is weak bullish, may have peaked.  EURUSD is in a bearish trend, but has regained the 1.10 level.  Oil stays in a bearish trend and has clearly failed to hold the $50 level. © Major indices
  4. 4.  Sell signals for all the markets than weren’t in bearish trends yet.  The covid panic has spread quickly and all markets have downward MoM.  All we can do is wait for Buy signals. That could take quite a while after a drop of this magnitude.  Thailand SET is our new best performer. It is down 18.4% since the Sell signal we gave 29 weeks ago. World markets ©
  5. 5.  Sell signals for AXP, DIS, GS, HD, IBM, INTC, JNJ, JPM, KO, MCD, NKE, PG, UNH, V and WMT.  It is very rare to get so many sellers in one week. This is an obvious regime change for the market. AAPL and MSFT are the only Dow stocks staying in bullish trends.  2 stocks bullish, down from 18 last week. Below 15 = bear market. See: Keeping an eye on the Dow stocks  Microsoft is still our best performer. A 51.7% gain since its Buy signal 58 weeks ago and the move is ongoing.  It’s very important to let winners run. 80% of our annual profits will typically come from just 20% of our trades. Aka the “pareto principle”. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for USDMXN.  Sell signal for USDJPY  Bullish divergence for EURGBP.  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.