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Outlook for Week of May 28, 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.

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Outlook for Week of May 28, 2018

  1. 1. Reversal Levels - Outlook for week of May 28, 2018  Number of S&P 500 stocks in bullish trends (blue line): 263 (53%) versus 259 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 300 (60%) versus 308 last week.  Situation is mildly 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: 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.  Sell signal for Brazil Bovespa. The other major stock indexes stay in young bullish trends.  Bonds TLT are fully bearish. No signs of a bottom.  Gold is in a fresh bearish trend, but trying to regain the 1300 level.  EURUSD is in a bearish trend. Stay short or out.  Oil is seeing MoM turn down. Changes to weak bullish = may have peaked.  Wheat stays fully bullish and is gaining traction. Hold on. © Major indices
  4. 4.  Buy signal for Taiwan TAIEX.  Sell signals for Italy MIB, Malaysia KLCI, Spain IBEX and Thailand SET.  Quite a few markets are falling right back and giving Sell signals. It looks like the correction or bear market is set to continue in a number of countries. 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.  Partial profits signal for USDBRL. An 11% gain in 15 weeks.  Partial profits signal for USDTRY. A 32% gain in 34 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.