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Outlook for Week of May 20, 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 May 20, 2019

  1. 1. Reversal Levels - Outlook for week of May 20, 2019  Number of S&P 500 stocks in bullish trends (blue line): 314 (63%) versus 351 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 202 (40%) versus 220 last week.  Situation is bullish but the number of stocks in bullish trends keeps declining. The red line stays well below the blue line. This indicates an ongoing pullback. ©
  2. 2.  ELC: up | BMO: down | Blue snake: up | Repellor: up.  Market has pulled back within the blue snake, as expected. Stays well above the Repellor at 2715, so the longer term picture is still bullish. © S&P 500 Weekly chart
  3. 3.  Sell signal for Brazil Bovespa.  Other major stock indexes stay in weak bullish trends.  Bonds TLT change to fully bullish with upward MoM.  Gold is weak bullish and may test its RevL again.  EURUSD reverts to fully bearish with downward MoM.  Oil is in weak bullish trend and may be going for a test of the weekly RevL.  Wheat is weak bearish and closing in on its RevL. © Major indices
  4. 4.  Sell signals for China SSEC, Hong Kong HSI, Singapore STI and Thailand SET.  Several sellers again, and nearly all markets have downward weekly MoM.  Almost half the markets we cover have gone into bearish trends. It could easily get worse before it gets better. World markets ©
  5. 5.  Speculative Buy signal for WBA.  Partial profits signal for MSFT. A 20% gain in 17 weeks.  Partial profits signal for TRV. A 15% gain in 13 weeks.  20 stocks bullish, unchanged from 20 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  The market is clearly pulling back, but there is no reason for instant panic. If the number of bullish stocks falls below 15 then we will need to consider a possible bear market scenario. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for ETHUSD.  Buy signal for EURGBP.  Sell signal for GBPUSD.  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.