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Outlook for Week of November 20, 2017


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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 November 20, 2017

  1. 1. Reversal Levels - Outlook for week of November 20, 2017  Number of S&P 500 stocks in bullish trends (blue line): 340 (68%) versus 351 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 287 (57%) versus 289 last week.  Situation stays bullish, but the number of stocks in bullish trends is going down. The red line stays well below the blue line, which suggests an ongoing pull back. Declining bullish participation remains a red flag. ©
  2. 2.  Partial profits signal for S&P 500. A 19% gain since our weekly Buy signal 53 weeks ago. Partial profits signal for Nikkei, an 11% gain in 9 weeks.  Bearish divergence for FTSE 100. Probably a failing rally.  Buy signal for bonds TLT.  Gold is weak bullish and survived a test of its RevL. If MoM turns back up it will be a bullish continuation.  EURUSD is weak bullish and appears ready for a bullish continuation as well.  Oil is in fully bullish trend. Hold on.  Wheat is fully bearish. © Major indices
  3. 3.  Partial profits signal for Argentina. A 58% gain in 51 weeks.  Partial profits signal for Canada. A 3.5% gain in 8 weeks.  Partial profits signal for Hong Kong. A 27% gain in 44 weeks.  Most world markets stay in bullish trends, but MoM is turning down for more indexes. This suggests some markets may have peaked for a while.  Taking advantage of partial profits signals to raise some cash is always a good idea. World markets ©
  4. 4.  Sell signal for XOM.  Bearish divergence for UTX.  Partial profits signal for AXP. A 38% gain in 56 weeks.  Partial profits signal for BA. A 95% gain in 58 weeks.  Partial profits signal for CAT. A 81% gain in 76 weeks.  Partial profits signal for MMM. A 33% gain in 53 weeks.  Partial profits signal for V. A 33% gain in 45 weeks.  24 stocks bullish, down from 25 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Bullish participation is still good, but MoM is turning down for a bunch of stocks.  If the number of bullish stocks drops below 15 it would tell us a bear market has started. . 30 Dow Jones Industrials stocks ©
  5. 5.  No major changes this week.  Note: Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very often. Keep trading in the direction of the weekly trend and you are likely to do well in the long run. Currencies ©
  6. 6.  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.