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Outlook for Week of November 19, 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 19, 2018

  1. 1. Reversal Levels - Outlook for week of November 19, 2018  Number of S&P 500 stocks in bullish trends (blue line): 188 (38%) versus 185 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 240 (48%) versus 322 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, indicating the market is in a rally. ©
  2. 2.  ELC: down. BMO: up. Blue snake: down.  Bearish but bouncing back from a test of the Repellor line. BMO is going up, but unless ELC turns up too this may be just a dead cat bounce in an ongoing decline. © S&P 500 Weekly chart
  3. 3.  Most major markets are in ongoing bearish trends. Bovespa stays bullish.  Bonds TLT change to weak bearish with upward MoM. May have bottomed.  Gold is weak bearish, but is struggling to keep the upward MoM going.  EURUSD stays 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 Indonesia JCI.  Bullish divergence for Chile IPSA.  Some improvement this week but nothing spectacular. World markets ©
  5. 5.  Sell signal for BA.  Partial profits signal for WBA. A 20% gain in 16 weeks.  15 stocks bullish, down 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.  No major changes this week.  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.