Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold, crypto currencies and forex. 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.

1. Reversal Levels - Outlook for week of May 10, 2021

Number of S&P 500 stocks in bullish trends (blue line): 461 (92%) versus 473 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 377 (75%) versus 395 last week.

Situation is bullish but the number of stocks in bullish trends has turned down. The red line stays
below the blue line and is below 80%. A pullback or correction can start.
© Reversallevels.com

2. 
ELC: up | BMO: up | Blue snake: up | Repellor: up.

All weekly indicators point up. The market is a bit too far above the Snake. That will likely get
corrected. Still bullish until proven otherwise…
© Reversallevels.com
S&P 500 Weekly chart

3. 
All major markets stay in bullish trends. But Germany DAX is giving a
partial profits signal and changing to weak bullish = a 17% gain in 25
weeks.

Bonds TLT are weak bearish. May have bottomed.

Gold is giving a Buy signal. Start of a new bullish trend.

Oil is weak Bullish and consolidating its recent gains.

EURUSD is in a young bullish trend. Needs follow through.
© Reversallevels.com
Major indices

4. 
Buy signal for Argentina Merval.

Weak Buy signal for Turkey BIST100.

Partial profits signals for France CAC40,
Mexico IPC, Netherlands AEX, Singapore
STI, Sweden OMX30, Taiwan TAIEX, Dow
Industrials and Dow Transports.

All but one market (Egypt) are in bullish
trends. But we keep seeing a lot of partial
profits signals. That means there is an
elevated risk for a sudden correction or a
lengthy pause.

Dow Transports is our current best performer.
It is up 60% since its Buy signal 48 weeks
ago.
World markets
© Reversallevels.com

5. 
Sell signal for CRM.

Partial profits signal for GS. A 66% gain in 25
weeks.

Partial profits signal for IBM. A 13% gain in 8
weeks.

Partial profits signal for MMM. A 30% gain in 49
weeks.

Partial profits signal for UNH. A 20% gain in 9
weeks

27 stocks bullish, down from 28 last week.
Above 20 = bull market. See:
Keeping an eye on the Dow stocks

AAPL remains our best performer in this group.
An 87% gain since its Buy signal 55 weeks ago
and the move is ongoing.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

6. 
Sell signals for USDBRL, USDCHF and USDRUB.

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
© Reversallevels.com

7. 
On Twitter: http://twitter.com/lunatictrader1

On Stocktwits: http://stocktwits.com/LunaticTrader

Website: Reversallevels.com
For daily comments and questions you can find us here:
© Reversallevels.com
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.
Reversallevels.com 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.
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