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Outlook for Week of November 26, 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 26, 2018

  1. 1. Reversal Levels - Outlook for week of November 26, 2018  Number of S&P 500 stocks in bullish trends (blue line): 174 (35%) versus 188 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 158 (32%) versus 240 last week.  Situation is bearish and the number of stocks in bullish trends is going down again. The red line has fallen just below the blue line, putting the recent rebound on hold. © Reversallevels.com
  2. 2.  ELC: down. BMO: down. Blue snake: down.  Bearish and has closed below the Repellor line for the first time since early 2016. BMO has turned back down, but remains at very oversold levels. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  Most major markets are in ongoing bearish trends. Bovespa stays weak bullish.  Bonds TLT are 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. Down 25% since our weekly Sell signal 4 weeks ago.  Wheat is fully bearish but tries to hold the 500 level. © Reversallevels.com Major indices
  4. 4.  Sell signal for Dow Industrials.  Only a few markets stay in bullish trends. We will get Buy signals eventually. Right now it’s all about avoiding losses by staying away from markets in bearish trends. World markets © Reversallevels.com
  5. 5.  Sell signal for V.  Partial profits signal for MRK. A 24% gain in 31 weeks.  Partial profits signal for WBA. A 18% gain in 17 weeks.  14 stocks bullish, down from 15 last week. Below 15 = mild bearish market. See article: Keeping an eye on the Dow stocks  Number of bullish stocks drops below 15. So now there is a serious chance that a bear market is under way. . 30 Dow Jones Industrials stocks © Reversallevels.com
  6. 6.  Buy signal for USDBRL.  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 © Reversallevels.com
  7. 7.  On Twitter: http://twitter.com/lunatictrader1  On Facebook: https://wwww.facebook/Reversallevels/  On Stocktwits: http://stocktwits.com/LunaticTrader  Website: Reversallevels.com For daily comments and questions you can find us here: © Reversallevels.com 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. Reversallevels.com 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.

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