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Outlook for Week of November 4, 2019


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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 4, 2019

  1. 1. Reversal Levels - Outlook for week of November 4, 2019  Number of S&P 500 stocks in bullish trends (blue line): 336 (67%) versus 336 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 356 (71%) versus 330 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The red line is back above the blue line. This indicates a continuing rally phase. ©
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  Indicators stay bullish. Market would move outside the Blue snake by climbing above 3077, which would strengthen the bullish case. © S&P 500 Weekly chart
  3. 3.  FTSE100 stays weak bearish trend and close to its RevL.  Other major markets are in bullish trends.  Bonds TLT are weak bullish with downward MoM.  Gold is weak bullish with downward MoM. Has moved back above the 1500 hurdle.  EURUSD is in a weak bearish trend and testing its weekly RevL again.  Oil is weak bearish and edging towards its RevL.  Wheat is in a fresh bullish trend. © Major indices
  4. 4.  Buy signals for Argentina Merval, Singapore STI and South Africa JOHA.  A clear majority of markets is in bullish trends and most others are close to giving Buy signals as well. World markets ©
  5. 5.  Buy signal for PFE and WBA.  Bullish divergence for XOM.  Partial profits signal for AAPL. A 29% gain in 19 weeks.  Partial profits signal for JPM. A 12% gain in 8 weeks.  19 stocks bullish, up from 17 last week. Below 20 = weakening bullish. See article: Keeping an eye on the Dow stocks  In major market advances the number of bullish stocks typically goes above 25. That hasn’t happened yet.  If the bullish count falls back below the 15 level it would be a serious warning sign. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for AUDUSD.  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 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.