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Outlook for Week of May 21, 2018


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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 on investments.

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Outlook for Week of May 21, 2018

  1. 1. Reversal Levels - Outlook for week of May 21, 2018  Number of S&P 500 stocks in bullish trends (blue line): 259 (52%) versus 263 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 308 (62%) versus 302 last week.  Situation is turning bullish, the number of stocks in bullish trends stays just above the 50% level. The red line is above the blue line, suggesting a continuing rally. It’s becoming increasingly likely the correction is over. ©
  2. 2.  ELC: down. BMO: up. Blue snake: tentatively going up.  The recent correction could be over. As long as BMO goes up we are at least in a significant rebound rally. If ELC turns up it would confirm a bull market continuation. © S&P 500 Weekly chart
  3. 3.  All major stock indexes are in bullish trends.  Bonds TLT stay fully bearish. No signs of a bottom.  Gold is giving a Sell signal, the start of a new bearish trend.  EURUSD is in a bearish trend. Stay short or out.  Oil is fully bullish and gradually adding to gains. Still no signs of a top.  Wheat stays fully bullish and is back above the 500 level. Hold on. © Major indices
  4. 4.  Buy signals for Argentina MERVAL and Israel TA-100.  Sell signal for Dow Utilities. Failed rally attempt.  Further improvement and we have a clear majority of world markets in bullish trends again. World markets ©
  5. 5.  Speculative Buy signal for MMM.  17 stocks bullish, unchanged from 17 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  So far so good, but more will be needed to confirm a continuation of the bull market.  When the number of bullish stocks climbs back above 20 we will have a strong indication that the correction or bear market is over. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for USDJPY.  Partial profits signal for USDBRL. A 13% gain in 14 weeks.  Ongoing partial profits signal for USDTRY. A 26% gain in 33 weeks.  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very 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. Currencies ©
  7. 7.  On Twitter:  On Facebook: https://wwww.facebook/Reversallevels/  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 2700 stocks and ETF are available by monthly subscription. For just $1 a day you can become a more efficient investor: click here 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.