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Outlook for Week of May 4, 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 May 4, 2020

  1. 1. Reversal Levels - Outlook for week of May 4, 2020  Number of S&P 500 stocks in bullish trends (blue line): 106 (21%) versus 103 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 366 (73%) versus 290 last week.  Situation is bearish but the number of stocks in bullish trends keeps going up. The red line stays well above the blue line and above 50%. This indicates an ongoing rally. ©
  2. 2.  ELC: down | BMO: up | Blue snake: down | Repellor: down.  BMO keeps going up. The other indicators are still bearish. The weekly Repellor at 2937 got tested as expected, and was met with an instant downward reaction. © S&P 500 Weekly chart
  3. 3.  All major markets stay weak bearish with upward MoM. While most markets are in significant rallies from their March lows it is too early to declare the bear market over  Bonds TLT keep giving a partial profits signal. Weak bullish.  Gold is fully bullish and tries to hold the $1700 level.  EURUSD is showing a bullish divergence. Changes to weak bearish trend..  Oil keeps giving a spBuy signal. Weak bearish. The weekly RevL is at $39.46, so there is potential for a huge bounce back. © Major indices
  4. 4.  Speculative Buy signals for Spain IBEX and Bloomberg Commodity Index BCOM.  MoM is pointing up for all markets.  Dow Transports is our new best performer. It is down 23.25% since its Sell signal 13 weeks ago. World markets ©
  5. 5.  9 stocks bullish, unchanged from 9 last week. Below 15 = bear market. See: Keeping an eye on the Dow stocks  MoM keeps pointing up for all 30 Dow stocks. But there is a risk that this is only a big rebound rally in an ongoing bear market. The majority of Dow stocks remains in bearish trends.  Boeing BA is our best performer. A 59.4% decline since its Sell signal 20 weeks ago and the move is ongoing. Avoiding big losses is as important as staying in the winning trades. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signals for Bitcoin and Ethereum.  Sell signal for USDJPY.  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 ©
  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.