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Outlook for Week of November 12, 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 November 12, 2018

  1. 1. Reversal Levels - Outlook for week of November 12, 2018  Number of S&P 500 stocks in bullish trends (blue line): 185 (37%) versus 148 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 322 (64%) versus 199 last week.  Situation is still bearish but the number of stocks in bullish trends is going up. The red line stays above the blue line and is back above 50%, indicating the market is in a new rally. ©
  2. 2.  ELC: down. BMO: turning up. Blue snake: down.  Bearish but bouncing back from a test of the Repellor line. Market is back in the blue snake, as expected. BMO turning up is the first sign of a possible bottom. © S&P 500 Weekly chart
  3. 3.  Most major markets are in ongoing bearish trends. Bovespa stays bullish.  Bonds TLT are giving a Speculative Buy signal.  Gold is weak bearish, but is struggling to keep the upward MoM going.  EURUSD is fully bearish with downward MoM.  Oil is in a bearish trend with no signs of a bottom.  Wheat is fully bearish but keeps holding the 500 level. © Major indices
  4. 4.  Buy signal for Switzerland SMI.  Weak Buy signal for Dow Industrials = possible fake-out.  Bullish divergence for China Singapore STI.  Some improvement this week and several markets are getting upward MoM. World markets ©
  5. 5.  Weak Buy signal for AXP. Possible fake-out.  Sell signal for AAPL.  Partial profits signal for WBA. A 20% gain in 16 weeks.  16 stocks bullish, unchanged from 16 last week. Below 20 = weak bull market. See article: Keeping an eye on the Dow stocks  If the number of bullish stocks drops below 15 it would confirm a likely bear market. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for USDCAD.  Bullish divergence for Bitcoin BTCUSD.  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 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 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.